NeoPhotonics (NYSE:NPTN) has been given a $13.00 target price by investment analysts at Rosenblatt Securities in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Rosenblatt Securities’ price objective points to a potential upside of 88.68% from the stock’s current price.
The analysts wrote, “We believe NPTN’s business is positioned to rebound in 2018 with ICR share increasing significantly at Chinese vendors. China revenues could be up between 5-15% YoY.””
NPTN has been the topic of a number of other research reports. DA Davidson set a $7.00 price objective on NeoPhotonics and gave the stock a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research raised NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine raised NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. B. Riley reissued a “hold” rating and issued a $5.00 price objective (down previously from $5.25) on shares of NeoPhotonics in a research note on Tuesday, November 7th. Finally, Needham & Company LLC dropped their price objective on NeoPhotonics from $11.00 to $8.00 and set a “strong-buy” rating on the stock in a research note on Monday, October 9th. One equities 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 issued a strong buy rating to the company. NeoPhotonics currently has a consensus rating of “Hold” and a consensus target price of $8.67.
Shares of NeoPhotonics (NPTN) opened at $6.89 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.25. NeoPhotonics has a 12 month low of $4.56 and a 12 month high of $12.86.
NeoPhotonics (NYSE:NPTN) last announced its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.09. The firm had revenue of $71.12 million for the quarter, compared to the consensus estimate of $69.94 million. NeoPhotonics had a negative return on equity of 13.61% and a negative net margin of 11.37%. The firm’s revenue for the quarter was down 31.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. research analysts anticipate that NeoPhotonics will post -0.99 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of NPTN. Quentec Asset Management LLC grew its holdings in shares of NeoPhotonics by 78.9% in the 2nd quarter. Quentec Asset Management LLC now owns 1,934,017 shares of the semiconductor company’s stock worth $14,931,000 after acquiring an additional 853,181 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of NeoPhotonics by 26.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,590,387 shares of the semiconductor company’s stock valued at $27,719,000 after buying an additional 760,110 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in shares of NeoPhotonics during the second quarter valued at $4,630,000. Marshall Wace North America L.P. grew its holdings in shares of NeoPhotonics by 1,394.9% during the second quarter. Marshall Wace North America L.P. now owns 613,493 shares of the semiconductor company’s stock valued at $4,908,000 after buying an additional 572,453 shares in the last quarter. Finally, Boston Partners purchased a new position in shares of NeoPhotonics during the third quarter valued at $1,884,000. Institutional investors and hedge funds own 81.06% of the company’s stock.
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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.
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