NeoPhotonics Corp (NYSE:NPTN) has been assigned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $9.46.
NPTN has been the subject of several research analyst reports. Zacks Investment Research lowered shares of NeoPhotonics from a “buy” rating to a “hold” rating in a report on Friday, November 9th. ValuEngine lowered shares of NeoPhotonics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Piper Jaffray Companies boosted their price target on shares of NeoPhotonics from $7.00 to $8.00 and gave the company 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 company a “buy” rating in a report on Monday, November 5th. Finally, B. Riley lowered shares of NeoPhotonics from a “buy” rating to a “neutral” rating and decreased their price target for the company from $11.00 to $8.25 in a report on Thursday, December 6th.
NPTN opened at $7.18 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.04 and a quick ratio of 1.51. NeoPhotonics has a 52 week low of $4.95 and a 52 week high of $9.48. The firm has a market cap of $326.95 million, a price-to-earnings ratio of -6.53 and a beta of 1.25.
NeoPhotonics (NYSE:NPTN) last released its earnings results on Friday, November 2nd. The semiconductor company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $81.75 million during the quarter, compared to analyst estimates of $82.60 million. During the same quarter in the previous year, the business earned ($0.14) EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities analysts expect that NeoPhotonics will post -0.82 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in shares of NeoPhotonics during the 3rd quarter worth about $100,000. Trexquant Investment LP acquired a new position in shares of NeoPhotonics during the 3rd quarter worth about $215,000. MetLife Investment Advisors LLC acquired a new position in shares of NeoPhotonics during the 3rd quarter worth about $217,000. Ibex Investors LLC acquired a new position in shares of NeoPhotonics during the 3rd quarter worth about $220,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of NeoPhotonics during the 2nd quarter worth about $244,000. Institutional investors own 75.96% of the company’s stock.
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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