Todays Report: The Analysts give average Rating of “Buy” to NeoPhotonics Corp. (NPTN)

The Analysts give average Rating of “Buy” to NeoPhotonics Corp. (NPTN)

Shares of NeoPhotonics Corp. (NYSE:NPTN) have earned a consensus rating of “Buy” from the eight analysts that are presently covering the stock. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.65.

Several equities analysts have recently weighed in on the company. Craig Hallum restated a “buy” rating on shares of NeoPhotonics Corp. in a research report on Sunday, July 17th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of NeoPhotonics Corp. in a research report on Thursday, August 18th. TheStreet upgraded NeoPhotonics Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. B. Riley reiterated a “neutral” rating and set a $12.75 price objective on shares of NeoPhotonics Corp. in a research report on Tuesday, August 9th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $17.00 price objective on shares of NeoPhotonics Corp. in a research report on Wednesday, September 7th.

In other news, CEO Timothy Storrs Jenks sold 22,666 shares of NeoPhotonics Corp. stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $15.04, for a total value of $340,896.64. Following the completion of the sale, the chief executive officer now directly owns 193,157 shares of the company’s stock, valued at $2,905,081.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Chiyue Cheung sold 18,000 shares of NeoPhotonics Corp. stock in a transaction on Monday, July 25th. The shares were sold at an average price of $12.82, for a total value of $230,760.00. Following the completion of the sale, the chief operating officer now directly owns 6,000 shares of the company’s stock, valued at $76,920. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of NeoPhotonics Corp. during the first quarter worth $1,811,000. Landscape Capital Management L.L.C. purchased a new stake in shares of NeoPhotonics Corp. during the first quarter worth $662,000. Spark Investment Management LLC purchased a new stake in shares of NeoPhotonics Corp. during the first quarter worth $592,000. Wellington Management Group LLP purchased a new stake in shares of NeoPhotonics Corp. during the first quarter worth $11,871,000. Finally, Friess Associates LLC purchased a new stake in shares of NeoPhotonics Corp. during the first quarter worth $814,000. 78.98% of the stock is owned by institutional investors and hedge funds.

NeoPhotonics Corp. (NYSE:NPTN) traded up 1.08% during trading on Monday, hitting $14.93. The stock had a trading volume of 228,596 shares. The company’s 50 day moving average is $16.30 and its 200-day moving average is $12.74. NeoPhotonics Corp. has a 12 month low of $7.16 and a 12 month high of $18.51. The company has a market cap of $624.30 million, a PE ratio of 98.22 and a beta of 0.77.

NeoPhotonics Corp. (NYSE:NPTN) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $99.13 million for the quarter, compared to the consensus estimate of $101.82 million. NeoPhotonics Corp. had a return on equity of 7.67% and a net margin of 1.82%. NeoPhotonics Corp.’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 earnings per share. On average, equities research analysts predict that NeoPhotonics Corp. will post $0.68 earnings per share for the current year.

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