NeoPhotonics Corporation (NYSE:NPTN) hit a new 52-week low on Thursday . The company traded as low as $4.70 and last traded at $4.70, with a volume of 817,751 shares trading hands. The stock had previously closed at $4.81.

NPTN has been the topic of a number of recent analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $8.50 target price on shares of NeoPhotonics Corporation in a research note on Friday, October 6th. ValuEngine downgraded shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. BidaskClub downgraded shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. B. Riley reaffirmed a “hold” rating and issued a $5.25 target price on shares of NeoPhotonics Corporation in a research note on Friday, October 6th. Finally, Zacks Investment Research downgraded shares of NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. Three 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 issued a strong buy rating to the company. NeoPhotonics Corporation presently has a consensus rating of “Hold” and an average price target of $8.92.

The company’s 50-day moving average price is $5.80 and its 200 day moving average price is $7.52. The firm’s market cap is $205.10 million.

NeoPhotonics Corporation (NYSE:NPTN) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. The company had revenue of $73.20 million for the quarter, compared to analyst estimates of $71.11 million. During the same quarter in the prior year, the firm posted $0.15 EPS. NeoPhotonics Corporation’s quarterly revenue was down 26.1% compared to the same quarter last year. On average, equities analysts predict that NeoPhotonics Corporation will post ($0.84) EPS for the current fiscal year.

In related news, SVP Benjamin Lee Sitler sold 33,400 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $8.44, for a total transaction of $281,896.00. Following the sale, the senior vice president now owns 84,711 shares in the company, valued at approximately $714,960.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Sophie sold 4,000 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $8.45, for a total value of $33,800.00. Following the sale, the director now owns 18,318 shares in the company, valued at approximately $154,787.10. The disclosure for this sale can be found here. Corporate insiders own 17.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in NeoPhotonics Corporation by 0.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 96,999 shares of the semiconductor company’s stock valued at $749,000 after acquiring an additional 433 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in NeoPhotonics Corporation by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,544 shares of the semiconductor company’s stock valued at $885,000 after acquiring an additional 722 shares during the last quarter. Teachers Advisors LLC grew its position in NeoPhotonics Corporation by 1.7% in the 4th quarter. Teachers Advisors LLC now owns 52,939 shares of the semiconductor company’s stock valued at $572,000 after acquiring an additional 874 shares during the last quarter. American International Group Inc. grew its position in NeoPhotonics Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 18,979 shares of the semiconductor company’s stock valued at $171,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in NeoPhotonics Corporation by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 2,749 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors.

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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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