ValuEngine upgraded shares of NeoPhotonics (NYSE:NPTN) from a sell rating to a hold rating in a research report sent to investors on Friday.

Several other equities analysts have also commented on NPTN. B. Riley restated a neutral rating and set a $6.25 price target on shares of NeoPhotonics in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of NeoPhotonics from a sell rating to a hold rating in a research report on Tuesday, August 15th. Piper Jaffray Companies restated a buy rating and set a $8.50 price target on shares of NeoPhotonics in a research report on Friday, August 4th. BidaskClub lowered shares of NeoPhotonics from a sell rating to a strong sell rating in a research report on Saturday, August 5th. Finally, Cowen restated a buy rating and set a $11.00 price target on shares of NeoPhotonics in a research report on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $8.89.

NeoPhotonics (NPTN) traded down $0.54 during mid-day trading on Friday, reaching $6.56. 1,577,156 shares of the company’s stock traded hands, compared to its average volume of 1,512,846. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.25. NeoPhotonics has a 12-month low of $4.56 and a 12-month high of $14.00.

NeoPhotonics (NYSE:NPTN) last released its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.09. NeoPhotonics had a negative net margin of 11.37% and a negative return on equity of 13.61%. The firm had revenue of $71.12 million during the quarter, compared to analyst estimates of $69.94 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The firm’s revenue for the quarter was down 31.2% compared to the same quarter last year. equities research analysts predict that NeoPhotonics will post -0.99 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of NPTN. Quentec Asset Management LLC lifted its holdings in NeoPhotonics by 78.9% in the 2nd quarter. Quentec Asset Management LLC now owns 1,934,017 shares of the semiconductor company’s stock valued at $14,931,000 after acquiring an additional 853,181 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in NeoPhotonics by 26.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,590,387 shares of the semiconductor company’s stock valued at $27,719,000 after acquiring an additional 760,110 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in NeoPhotonics in the 2nd quarter valued at about $4,630,000. Marshall Wace North America L.P. lifted its holdings in NeoPhotonics by 1,394.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 613,493 shares of the semiconductor company’s stock valued at $4,908,000 after acquiring an additional 572,453 shares during the last quarter. Finally, Boston Partners acquired a new stake in NeoPhotonics in the 3rd quarter valued at about $1,884,000. 81.06% of the stock is owned by institutional investors and hedge funds.

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NeoPhotonics 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.

Analyst Recommendations for NeoPhotonics (NYSE:NPTN)

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