NeoPhotonics (NPTN) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of NeoPhotonics (NYSE:NPTN) from a sell rating to a hold rating in a research report released on Monday morning.

A number of other analysts also recently commented on the company. Rosenblatt Securities set a $13.00 price objective on NeoPhotonics and gave the stock a buy rating in a research report on Sunday, February 25th. Piper Jaffray cut NeoPhotonics from an overweight rating to a neutral rating in a report on Monday, January 29th. Zacks Investment Research cut NeoPhotonics from a hold rating to a sell rating in a report on Tuesday, March 13th. B. Riley reissued a neutral rating and issued a $5.75 target price (up from $5.00) on shares of NeoPhotonics in a report on Friday, March 2nd. Finally, Northland Securities reissued a buy rating and issued a $10.50 target price on shares of NeoPhotonics in a report on Monday, March 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $9.00.

Shares of NPTN stock opened at $6.46 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. NeoPhotonics has a 12 month low of $6.24 and a 12 month high of $6.46. The company has a market capitalization of $277.60 million, a price-to-earnings ratio of -5.87 and a beta of 0.94.

NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.07). NeoPhotonics had a negative return on equity of 26.15% and a negative net margin of 20.72%. The firm had revenue of $68.59 million during the quarter, compared to the consensus estimate of $69.65 million. During the same quarter in the prior year, the business posted ($0.25) EPS. NeoPhotonics’s revenue was down 4.3% compared to the same quarter last year. equities research analysts forecast that NeoPhotonics will post -0.86 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of NeoPhotonics in the 4th quarter worth approximately $131,000. Raymond James & Associates acquired a new stake in NeoPhotonics during the 4th quarter valued at $160,000. Princeton Capital Management LLC acquired a new stake in NeoPhotonics during the 4th quarter valued at $195,000. Barclays PLC increased its holdings in NeoPhotonics by 123.9% during the 1st quarter. Barclays PLC now owns 42,139 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 23,316 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in NeoPhotonics by 77.8% during the 3rd quarter. Wells Fargo & Company MN now owns 43,617 shares of the semiconductor company’s stock valued at $242,000 after purchasing an additional 19,088 shares in the last quarter. 73.83% of the stock is owned by institutional investors and hedge funds.

NeoPhotonics Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NeoPhotonics (NYSE:NPTN)

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