NeoPhotonics (NPTN) Lifted to Hold at ValuEngine

NeoPhotonics (NYSE:NPTN) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other equities research analysts also recently issued research reports about the company. Rosenblatt Securities set a $13.00 price objective on NeoPhotonics and gave the company a “buy” rating in a report on Wednesday, May 9th. Northland Securities restated a “buy” rating and set a $10.50 price objective on shares of NeoPhotonics in a report on Monday, March 19th. Zacks Investment Research upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. B. Riley boosted their price objective on NeoPhotonics from $5.75 to $6.50 and gave the company a “neutral” rating in a report on Wednesday, May 9th. Finally, Piper Jaffray downgraded NeoPhotonics from an “overweight” rating to a “neutral” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.00.

Shares of NeoPhotonics opened at $5.82 on Monday, according to Marketbeat.com. NeoPhotonics has a 52-week low of $4.56 and a 52-week high of $9.78. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $254.84 million, a price-to-earnings ratio of -5.29 and a beta of 0.94.

NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.07). NeoPhotonics had a negative net margin of 20.72% and a negative return on equity of 25.49%. The business had revenue of $68.59 million during the quarter, compared to analyst estimates of $69.65 million. During the same period last year, the firm posted ($0.25) earnings per share. NeoPhotonics’s quarterly revenue was down 4.3% compared to the same quarter last year. equities analysts predict that NeoPhotonics will post -0.54 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Pier 88 Investment Partners LLC grew its holdings in NeoPhotonics by 29.8% during the fourth quarter. Pier 88 Investment Partners LLC now owns 79,951 shares of the semiconductor company’s stock worth $526,000 after buying an additional 18,365 shares in the last quarter. Princeton Capital Management LLC bought a new position in NeoPhotonics in the 4th quarter valued at $195,000. Northpointe Capital LLC grew its stake in NeoPhotonics by 21.6% in the 4th quarter. Northpointe Capital LLC now owns 1,238,969 shares of the semiconductor company’s stock valued at $8,152,000 after purchasing an additional 220,475 shares during the period. Needham Investment Management LLC grew its stake in NeoPhotonics by 16.7% in the 4th quarter. Needham Investment Management LLC now owns 210,000 shares of the semiconductor company’s stock valued at $1,382,000 after purchasing an additional 30,000 shares during the period. Finally, Virtu Financial LLC bought a new position in NeoPhotonics in the 4th quarter valued at $131,000. Institutional investors and hedge funds own 69.91% of the company’s stock.

NeoPhotonics Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NeoPhotonics (NYSE:NPTN)

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