NeoPhotonics (NYSE:NPTN) was downgraded by investment analysts at B. Riley from a “buy” rating to a “neutral” rating in a report issued on Thursday, Marketbeat.com reports. They currently have a $8.25 price objective on the semiconductor company’s stock, down from their previous price objective of $11.00. B. Riley’s price objective would suggest a potential upside of 28.11% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of NeoPhotonics from a “buy” rating to a “hold” rating in a report on Friday, November 9th. Piper Jaffray Companies boosted their price target on shares of NeoPhotonics from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, November 5th. Craig Hallum set a $10.00 price target on shares of NeoPhotonics and gave the stock a “buy” rating in a report on Monday, November 5th. Finally, ValuEngine upgraded shares of NeoPhotonics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 2nd. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $9.53.

Shares of NYSE NPTN opened at $6.44 on Thursday. NeoPhotonics has a 1 year low of $4.95 and a 1 year high of $9.48. The stock has a market cap of $298.86 million, a PE ratio of -5.85 and a beta of 1.19. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.31.

NeoPhotonics (NYSE:NPTN) last released its quarterly earnings results on Friday, November 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.14. NeoPhotonics had a negative net margin of 16.60% and a negative return on equity of 26.53%. The business had revenue of $81.75 million for the quarter, compared to analysts’ expectations of $82.60 million. During the same period in the previous year, the company earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, research analysts anticipate that NeoPhotonics will post -0.82 EPS for the current fiscal year.

In related news, COO Chiyue Cheung sold 10,000 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $8.11, for a total transaction of $81,100.00. Following the transaction, the chief operating officer now directly owns 5,000 shares in the company, valued at $40,550. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NPTN. Bank of Montreal Can boosted its stake in NeoPhotonics by 30.9% in the second quarter. Bank of Montreal Can now owns 69,061 shares of the semiconductor company’s stock valued at $431,000 after acquiring an additional 16,309 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in NeoPhotonics by 14.2% in the second quarter. State of Wisconsin Investment Board now owns 250,000 shares of the semiconductor company’s stock valued at $1,558,000 after acquiring an additional 31,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in NeoPhotonics in the second quarter valued at about $471,000. IPG Investment Advisors LLC purchased a new position in NeoPhotonics in the second quarter valued at about $125,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in NeoPhotonics by 32.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 183,536 shares of the semiconductor company’s stock valued at $1,144,000 after acquiring an additional 44,922 shares during the last quarter. Hedge funds and other institutional investors own 75.96% of the company’s stock.

About NeoPhotonics

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.

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Analyst Recommendations for NeoPhotonics (NYSE:NPTN)

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