NeoPhotonics Corporation (NYSE:NPTN) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday, July 11th.

NPTN has been the topic of a number of other reports. Zacks Investment Research lowered shares of NeoPhotonics Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Needham & Company LLC lowered their target price on shares of NeoPhotonics Corporation from $17.00 to $13.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 15th. Cowen and Company lowered their target price on shares of NeoPhotonics Corporation from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 15th. Rosenblatt Securities assumed coverage on shares of NeoPhotonics Corporation in a research report on Thursday, May 25th. They set a “buy” rating and a $13.00 target price on the stock. Finally, DA Davidson assumed coverage on shares of NeoPhotonics Corporation in a research report on Thursday, June 29th. They set a “neutral” rating and a $9.00 target price on the stock. Three research analysts have rated the stock with a sell rating, three 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 currently has a consensus rating of “Hold” and a consensus price target of $10.22.

Shares of NeoPhotonics Corporation (NPTN) opened at 6.67 on Tuesday. NeoPhotonics Corporation has a 52-week low of $6.38 and a 52-week high of $18.51. The stock’s 50 day moving average price is $8.30 and its 200-day moving average price is $9.13. The firm’s market capitalization is $287.33 million.

NeoPhotonics Corporation (NYSE:NPTN) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. NeoPhotonics Corporation had a negative net margin of 7.28% and a negative return on equity of 9.35%. The business had revenue of $73.20 million for the quarter, compared to analyst estimates of $71.11 million. During the same period in the previous year, the business posted $0.15 earnings per share. The business’s revenue was down 26.1% compared to the same quarter last year. Equities research analysts anticipate that NeoPhotonics Corporation will post ($0.52) EPS for the current fiscal year.

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In other news, major shareholder Rusnano sold 180,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $9.18, for a total value of $1,652,400.00. Following the sale, the insider now directly owns 4,730,005 shares in the company, valued at $43,421,445.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Chiyue Cheung sold 10,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $7.66, for a total transaction of $76,600.00. Following the completion of the sale, the chief operating officer now owns 10,000 shares in the company, valued at $76,600. The disclosure for this sale can be found here. Insiders sold 359,300 shares of company stock worth $3,243,816 over the last quarter. Company insiders own 17.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in NPTN. Marshall Wace North America L.P. increased its position in shares of NeoPhotonics Corporation by 1,394.9% in the second quarter. Marshall Wace North America L.P. now owns 613,493 shares of the semiconductor company’s stock valued at $4,908,000 after buying an additional 572,453 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of NeoPhotonics Corporation by 22.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,611,828 shares of the semiconductor company’s stock valued at $28,234,000 after buying an additional 477,203 shares during the last quarter. Wellington Management Group LLP increased its position in shares of NeoPhotonics Corporation by 18.9% in the first quarter. Wellington Management Group LLP now owns 2,767,194 shares of the semiconductor company’s stock valued at $24,933,000 after buying an additional 440,640 shares during the last quarter. Royce & Associates LP increased its position in shares of NeoPhotonics Corporation by 34.8% in the first quarter. Royce & Associates LP now owns 1,566,628 shares of the semiconductor company’s stock valued at $14,115,000 after buying an additional 404,600 shares during the last quarter. Finally, State Street Corp increased its position in shares of NeoPhotonics Corporation by 39.2% in the fourth quarter. State Street Corp now owns 1,058,243 shares of the semiconductor company’s stock valued at $11,439,000 after buying an additional 297,918 shares during the last quarter. 84.20% of the stock is currently owned by institutional investors and hedge funds.

About NeoPhotonics Corporation

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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Analyst Recommendations for NeoPhotonics Corporation (NYSE:NPTN)

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