BidaskClub lowered shares of NeoPhotonics Corporation (NYSE:NPTN) from a sell rating to a strong sell rating in a research report sent to investors on Saturday.

Several other brokerages have also recently commented on NPTN. ValuEngine upgraded shares of NeoPhotonics Corporation from a strong sell rating to a sell rating in a research report on Friday, June 2nd. Needham & Company LLC reiterated a strong-buy rating and set a $13.00 price target on shares of NeoPhotonics Corporation in a research report on Monday, June 12th. Rosenblatt Securities assumed coverage on shares of NeoPhotonics Corporation in a research report on Thursday, May 25th. They set a buy rating and a $13.00 price target for the company. Northland Securities reiterated a buy rating and set a $10.00 price target on shares of NeoPhotonics Corporation in a research report on Friday, June 23rd. Finally, B. Riley reiterated a neutral rating and set a $6.25 price target on shares of NeoPhotonics Corporation in a research report on Tuesday, May 9th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. NeoPhotonics Corporation has a consensus rating of Hold and a consensus price target of $10.22.

Shares of NeoPhotonics Corporation (NYSE:NPTN) opened at 6.58 on Friday. The company’s 50-day moving average is $8.30 and its 200-day moving average is $9.13. The company’s market capitalization is $283.45 million. NeoPhotonics Corporation has a one year low of $6.38 and a one year high of $18.51.

NeoPhotonics Corporation (NYSE:NPTN) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative net margin of 7.28% and a negative return on equity of 9.35%. The company had revenue of $73.20 million during the quarter, compared to analysts’ expectations of $71.11 million. During the same quarter in the previous year, the company earned $0.15 EPS. NeoPhotonics Corporation’s revenue was down 26.1% on a year-over-year basis. Equities analysts predict that NeoPhotonics Corporation will post ($0.56) earnings per share for the current year.

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In other news, COO Chiyue Cheung sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $7.66, for a total value of $76,600.00. Following the completion of the transaction, the chief operating officer now owns 10,000 shares in the company, valued at $76,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Sophie sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $8.45, for a total transaction of $33,800.00. Following the completion of the transaction, the director now owns 18,318 shares of the company’s stock, valued at approximately $154,787.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 359,300 shares of company stock valued at $3,243,816. Corporate insiders own 17.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its position in NeoPhotonics Corporation by 34.4% in the fourth quarter. Guggenheim Capital LLC now owns 133,931 shares of the semiconductor company’s stock valued at $1,448,000 after buying an additional 34,262 shares during the period. Fisher Asset Management LLC boosted its position in NeoPhotonics Corporation by 33.0% in the second quarter. Fisher Asset Management LLC now owns 343,595 shares of the semiconductor company’s stock valued at $2,653,000 after buying an additional 85,341 shares during the period. State Street Corp boosted its position in NeoPhotonics Corporation by 39.2% in the fourth quarter. State Street Corp now owns 1,058,243 shares of the semiconductor company’s stock valued at $11,439,000 after buying an additional 297,918 shares during the period. Algert Global LLC boosted its position in NeoPhotonics Corporation by 33.9% in the first quarter. Algert Global LLC now owns 90,230 shares of the semiconductor company’s stock valued at $813,000 after buying an additional 22,840 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in NeoPhotonics Corporation during the first quarter valued at $581,000. Institutional investors own 84.24% of the company’s stock.

About NeoPhotonics Corporation

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 Corporation (NYSE:NPTN)

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