NeoPhotonics Corp. (NPTN) Receives Consensus Recommendation of “Buy” from Analysts
NeoPhotonics Corp. (NYSE:NPTN) has been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have given a buy recommendation and two have 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 $17.05.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut NeoPhotonics Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 10th. B. Riley reissued a “neutral” rating and set a $12.75 price objective on shares of NeoPhotonics Corp. in a research note on Sunday, November 6th. Needham & Company LLC boosted their price objective on NeoPhotonics Corp. from $22.00 to $24.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 31st. TheStreet cut NeoPhotonics Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $20.00 price objective (up from $17.00) on shares of NeoPhotonics Corp. in a research note on Friday, October 7th.
Shares of NeoPhotonics Corp. (NYSE:NPTN) traded down 4.32% on Monday, hitting $12.86. The stock had a trading volume of 495,891 shares. The company’s market cap is $544.29 million. The company has a 50-day moving average of $14.28 and a 200-day moving average of $12.79. NeoPhotonics Corp. has a 52-week low of $7.61 and a 52-week high of $18.51.
NeoPhotonics Corp. (NYSE:NPTN) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.08. NeoPhotonics Corp. had a positive return on equity of 4.18% and a negative net margin of 0.46%. The company had revenue of $103.30 million for the quarter, compared to the consensus estimate of $104.04 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was up 23.6% compared to the same quarter last year. On average, equities analysts anticipate that NeoPhotonics Corp. will post $0.54 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in NPTN. Capital Fund Management S.A. purchased a new stake in shares of NeoPhotonics Corp. during the second quarter worth about $103,000. Quantbot Technologies LP raised its stake in shares of NeoPhotonics Corp. by 132.4% in the second quarter. Quantbot Technologies LP now owns 11,149 shares of the company’s stock worth $106,000 after buying an additional 6,352 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of NeoPhotonics Corp. during the second quarter worth about $124,000. Thompson Davis & CO. Inc. raised its stake in shares of NeoPhotonics Corp. by 1,575.0% in the third quarter. Thompson Davis & CO. Inc. now owns 8,375 shares of the company’s stock worth $137,000 after buying an additional 7,875 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of NeoPhotonics Corp. by 462.4% in the second quarter. BlackRock Inc. now owns 15,517 shares of the company’s stock worth $148,000 after buying an additional 12,758 shares during the last quarter. Hedge funds and other institutional investors own 77.99% of the company’s stock.
NeoPhotonics Corp. 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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