NeoPhotonics (NYSE:NPTN) had its price objective hoisted by stock analysts at DA Davidson to $6.50 in a research report issued on Wednesday. The firm presently has a “neutral” rating on the semiconductor company’s stock. DA Davidson’s price objective points to a potential downside of 1.07% from the company’s current price. DA Davidson also issued estimates for NeoPhotonics’ FY2017 earnings at ($1.00) EPS, Q1 2018 earnings at ($0.25) EPS, Q2 2018 earnings at ($0.19) EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at ($0.08) EPS, FY2018 earnings at ($0.61) EPS, Q1 2019 earnings at ($0.12) EPS, Q2 2019 earnings at ($0.09) EPS, Q3 2019 earnings at ($0.06) EPS and FY2019 earnings at ($0.27) EPS.

A number of other equities analysts have also recently issued reports on the company. Raymond James Financial lowered their target price on NeoPhotonics from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Thursday, August 24th. BidaskClub cut NeoPhotonics from a “sell” rating to a “strong sell” rating in a report on Friday, September 8th. Craig Hallum reiterated a “buy” rating and set a $8.50 target price on shares of NeoPhotonics in a report on Friday, October 6th. UBS cut NeoPhotonics from an “outperform” rating to a “market perform” rating in a report on Thursday, October 5th. Finally, Needham & Company LLC increased their target price on NeoPhotonics from $8.00 to $11.00 and gave the stock a “strong-buy” rating in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.67.

Shares of NeoPhotonics (NYSE NPTN) opened at $6.57 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. NeoPhotonics has a 1 year low of $4.56 and a 1 year high of $14.00.

NeoPhotonics (NYSE:NPTN) last released its quarterly earnings data on Monday, November 6th. The semiconductor company reported ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.09. The business had revenue of $71.12 million during the quarter, compared to analysts’ expectations of $69.94 million. NeoPhotonics had a negative net margin of 11.37% and a negative return on equity of 13.61%. The firm’s quarterly revenue was down 31.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. research analysts expect that NeoPhotonics will post -0.99 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of NPTN. Voya Investment Management LLC boosted its stake in shares of NeoPhotonics by 20.0% during the 2nd quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after buying an additional 2,749 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new position in shares of NeoPhotonics during the 1st quarter worth about $131,000. Citigroup Inc. boosted its stake in shares of NeoPhotonics by 35.7% during the 2nd quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock worth $134,000 after buying an additional 4,556 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of NeoPhotonics during the 2nd quarter worth about $159,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of NeoPhotonics by 13.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,099 shares of the semiconductor company’s stock worth $210,000 after buying an additional 3,245 shares during the last quarter. Institutional investors own 81.06% of the company’s stock.

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About NeoPhotonics

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 (NYSE:NPTN)

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