NeoPhotonics (NYSE:NPTN)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a research report issued on Tuesday, AnalystRatings.com reports. They currently have a $10.00 price target on the semiconductor company’s stock. Rosenblatt Securities’ price target indicates a potential upside of 109.64% from the company’s previous close.

Several other analysts also recently weighed in on NPTN. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. TheStreet downgraded Unit from a “c-” rating to a “d+” rating in a research note on Tuesday, May 21st. MKM Partners reiterated a “neutral” rating and issued a $4.50 price objective (down previously from $9.00) on shares of NeoPhotonics in a research report on Friday, May 17th. ValuEngine downgraded Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, Northland Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Fortinet in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.53.

Shares of NYSE:NPTN opened at $4.77 on Tuesday. The firm’s 50 day simple moving average is $4.27. NeoPhotonics has a twelve month low of $3.26 and a twelve month high of $9.48. The company has a market cap of $218.18 million, a P/E ratio of -6.45 and a beta of 1.68. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.98.

NeoPhotonics (NYSE:NPTN) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). NeoPhotonics had a negative net margin of 11.85% and a negative return on equity of 17.55%. The business had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.99 million. During the same quarter in the previous year, the company earned ($0.33) EPS. NeoPhotonics’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, research analysts predict that NeoPhotonics will post -0.8 EPS for the current fiscal year.

In related news, CFO Elizabeth Lynne Eby bought 50,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was acquired at an average cost of $3.57 per share, with a total value of $178,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Chiyue Cheung sold 12,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $5.79, for a total value of $69,480.00. Following the completion of the transaction, the chief operating officer now directly owns 12,000 shares of the company’s stock, valued at $69,480. The disclosure for this sale can be found here. 16.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of NeoPhotonics by 2.8% in the 4th quarter. BlackRock Inc. now owns 2,347,762 shares of the semiconductor company’s stock worth $15,212,000 after buying an additional 63,750 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new position in shares of NeoPhotonics in the 1st quarter worth approximately $8,262,000. JPMorgan Chase & Co. raised its holdings in shares of NeoPhotonics by 136.0% in the 1st quarter. JPMorgan Chase & Co. now owns 962,190 shares of the semiconductor company’s stock worth $6,053,000 after buying an additional 554,494 shares in the last quarter. Kennedy Capital Management Inc. increased its holdings in NeoPhotonics by 19.0% during the 1st quarter. Kennedy Capital Management Inc. now owns 948,526 shares of the semiconductor company’s stock valued at $5,966,000 after purchasing an additional 151,565 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in NeoPhotonics by 1.3% during the 4th quarter. Northern Trust Corp now owns 377,453 shares of the semiconductor company’s stock valued at $2,445,000 after purchasing an additional 4,770 shares in the last quarter. 78.35% of the stock is owned by institutional investors and hedge funds.

About NeoPhotonics

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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Analyst Recommendations for NeoPhotonics (NYSE:NPTN)

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