Brokerages Set NeoPhotonics Corp (NYSE:NPTN) Target Price at $7.33

Shares of NeoPhotonics Corp (NYSE:NPTN) have earned an average recommendation of “Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $7.38.

A number of equities research analysts recently commented on NPTN shares. MKM Partners raised NeoPhotonics from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $5.00 to $7.00 in a report on Tuesday, August 6th. B. Riley downgraded NeoPhotonics from a “buy” rating to a “neutral” rating and set a $6.50 target price for the company. in a report on Wednesday, September 18th. Zacks Investment Research raised NeoPhotonics from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Friday. Northland Securities reaffirmed a “buy” rating on shares of NeoPhotonics in a report on Tuesday, August 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 target price on shares of NeoPhotonics in a report on Tuesday, July 16th.

NYSE NPTN traded down $0.06 during trading on Friday, hitting $6.11. The company’s stock had a trading volume of 319,688 shares, compared to its average volume of 546,257. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.10 and a quick ratio of 1.61. The company has a market cap of $292.51 million, a PE ratio of -8.26 and a beta of 1.64. The business’s 50 day simple moving average is $6.23 and its 200-day simple moving average is $5.47. NeoPhotonics has a fifty-two week low of $3.26 and a fifty-two week high of $9.48.

NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.09. The business had revenue of $81.69 million during the quarter, compared to the consensus estimate of $76.91 million. NeoPhotonics had a negative return on equity of 14.40% and a negative net margin of 10.86%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned ($0.19) earnings per share. Analysts expect that NeoPhotonics will post -0.43 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Algert Global LLC acquired a new stake in shares of NeoPhotonics during the second quarter worth about $47,000. Marshall Wace LLP raised its position in NeoPhotonics by 4,963.0% during the first quarter. Marshall Wace LLP now owns 15,037 shares of the semiconductor company’s stock valued at $95,000 after acquiring an additional 14,740 shares in the last quarter. Hall Kathryn A. purchased a new position in NeoPhotonics during the first quarter valued at approximately $95,000. Stone Ridge Asset Management LLC purchased a new position in NeoPhotonics during the second quarter valued at approximately $72,000. Finally, Bailard Inc. purchased a new position in NeoPhotonics during the third quarter valued at approximately $106,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

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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