NeoPhotonics Corp (NPTN) Receives Average Recommendation of “Buy” from Analysts

Shares of NeoPhotonics Corp (NYSE:NPTN) have earned a consensus recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $9.46.

Several equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of NeoPhotonics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research downgraded shares of NeoPhotonics from a “buy” rating to a “hold” rating in a research note on Friday, November 9th. Piper Jaffray Companies raised their price objective on shares of NeoPhotonics from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, November 5th. B. Riley raised their price objective on shares of NeoPhotonics from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. Finally, Craig Hallum set a $10.00 price target on shares of NeoPhotonics and gave the stock a “buy” rating in a research note on Monday, November 5th.

A number of institutional investors have recently bought and sold shares of NPTN. Fox Run Management L.L.C. bought a new position in NeoPhotonics during the 3rd quarter valued at approximately $100,000. Trexquant Investment LP purchased a new position in shares of NeoPhotonics in the 3rd quarter worth $215,000. MetLife Investment Advisors LLC purchased a new position in shares of NeoPhotonics in the 3rd quarter worth $217,000. Ibex Investors LLC purchased a new position in shares of NeoPhotonics in the 3rd quarter worth $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in NeoPhotonics in the 2nd quarter worth $244,000. Institutional investors and hedge funds own 75.96% of the company’s stock.

Shares of NYSE:NPTN traded down $0.05 during trading on Friday, reaching $7.16. The stock had a trading volume of 17,708 shares, compared to its average volume of 512,616. NeoPhotonics has a 52 week low of $4.95 and a 52 week high of $9.48. The firm has a market cap of $326.95 million, a price-to-earnings ratio of -6.50 and a beta of 1.25. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.31.

NeoPhotonics (NYSE:NPTN) last released its quarterly earnings results on Friday, November 2nd. The semiconductor company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.14. NeoPhotonics had a negative net margin of 16.60% and a negative return on equity of 26.53%. The company had revenue of $81.75 million for the quarter, compared to analyst estimates of $82.60 million. During the same quarter last year, the firm posted ($0.14) earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Research analysts predict that NeoPhotonics will post -0.82 EPS for the current fiscal year.

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.

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Analyst Recommendations for NeoPhotonics (NYSE:NPTN)

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