NeoPhotonics (NYSE:NPTN) PT Set at $7.00 by DA Davidson

DA Davidson set a $7.00 price objective on NeoPhotonics (NYSE:NPTN) in a research report report published on Thursday, December 7th. The brokerage currently has a hold rating on the semiconductor company’s stock. 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 analysts have also commented on NPTN. B. Riley reaffirmed a neutral rating and set a $6.25 target price on shares of NeoPhotonics in a report on Wednesday, August 9th. ValuEngine raised shares of NeoPhotonics from a strong sell rating to a sell rating in a report on Thursday, August 10th. Zacks Investment Research raised shares of NeoPhotonics from a sell rating to a hold rating in a report on Tuesday, August 15th. Cowen reissued a buy rating and issued a $11.00 price target on shares of NeoPhotonics in a report on Sunday, October 1st. Finally, BidaskClub raised shares of NeoPhotonics from a strong sell rating to a sell rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $8.67.

Shares of NeoPhotonics (NYSE NPTN) traded up $0.60 on Thursday, reaching $7.18. 977,908 shares of the company’s stock were exchanged, compared to its average volume of 735,200. NeoPhotonics has a 1 year low of $4.56 and a 1 year high of $12.44. The company has a current ratio of 1.85, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $293.55, a PE ratio of -8.45 and a beta of 1.28.

NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.09. NeoPhotonics had a negative net margin of 11.37% and a negative return on equity of 13.61%. The business had revenue of $71.12 million during the quarter, compared to analyst estimates of $69.94 million. During the same quarter last year, the business posted $0.06 earnings per share. NeoPhotonics’s revenue for the quarter was down 31.2% compared to the same quarter last year. analysts expect that NeoPhotonics will post -0.99 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of NPTN. Quentec Asset Management LLC lifted its position in NeoPhotonics by 78.9% during the 2nd quarter. Quentec Asset Management LLC now owns 1,934,017 shares of the semiconductor company’s stock worth $14,931,000 after buying an additional 853,181 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NeoPhotonics by 26.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,590,387 shares of the semiconductor company’s stock valued at $27,719,000 after purchasing an additional 760,110 shares during the period. Kennedy Capital Management Inc. bought a new stake in shares of NeoPhotonics in the 2nd quarter valued at about $4,630,000. Marshall Wace North America L.P. raised its holdings in shares of NeoPhotonics by 1,394.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 613,493 shares of the semiconductor company’s stock valued at $4,908,000 after purchasing an additional 572,453 shares during the period. Finally, Boston Partners bought a new stake in shares of NeoPhotonics in the 3rd quarter valued at about $1,884,000. 81.06% of the stock is currently owned by hedge funds and other institutional investors.

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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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