NeoPhotonics Corp (NYSE:NPTN) fell 7.6% during trading on Monday . The stock traded as low as $6.46 and last traded at $6.56. 1,577,100 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 1,311,091 shares. The stock had previously closed at $7.10.

Several research firms have recently commented on NPTN. ValuEngine raised shares of NeoPhotonics from a “sell” rating to a “hold” rating in a research report on Friday. B. Riley reaffirmed a “neutral” rating and issued a $6.25 target price on shares of NeoPhotonics in a research report on Wednesday, August 9th. BidaskClub upgraded shares of NeoPhotonics from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 20th. Raymond James Financial decreased their price target on shares of NeoPhotonics from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Thursday, August 24th. Finally, Zacks Investment Research upgraded shares of NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.89.

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.25.

NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.09. The company had revenue of $71.12 million during the quarter, compared to analyst estimates of $69.94 million. NeoPhotonics had a negative net margin of 11.37% and a negative return on equity of 13.61%. NeoPhotonics’s quarterly revenue was down 31.2% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. analysts expect that NeoPhotonics Corp will post -0.99 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in NeoPhotonics by 26.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,590,387 shares of the semiconductor company’s stock valued at $27,719,000 after purchasing an additional 760,110 shares in the last quarter. Quentec Asset Management LLC increased its stake in NeoPhotonics by 24.3% during the 3rd quarter. Quentec Asset Management LLC now owns 2,403,104 shares of the semiconductor company’s stock valued at $13,361,000 after purchasing an additional 469,087 shares in the last quarter. AWM Investment Company Inc. increased its stake in NeoPhotonics by 15.7% during the 2nd quarter. AWM Investment Company Inc. now owns 2,265,838 shares of the semiconductor company’s stock valued at $17,492,000 after purchasing an additional 307,900 shares in the last quarter. Royce & Associates LP increased its stake in NeoPhotonics by 2.8% during the 3rd quarter. Royce & Associates LP now owns 1,816,728 shares of the semiconductor company’s stock valued at $10,101,000 after purchasing an additional 49,200 shares in the last quarter. Finally, Northpointe Capital LLC increased its stake in NeoPhotonics by 13.5% during the 2nd quarter. Northpointe Capital LLC now owns 1,789,195 shares of the semiconductor company’s stock valued at $13,813,000 after purchasing an additional 212,767 shares in the last quarter. Institutional investors and hedge funds own 81.06% of the company’s stock.

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NeoPhotonics Company Profile

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.

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