NeoPhotonics Corporation (NYSE:NPTN) was down -2.76% at $6.34 on Wednesday, in a 52-week range of $6.38 to $18.51 and with a consensus analyst target price of $10.19. Needham maintained it with "Strong Buy" rating and $22 target in Monday, September 12 report.
Several research firms recently issued reports on NPTN. Teachers Advisors LLC increased its position in NeoPhotonics Corporation by 1.7% in the fourth quarter. Bank Of NEW York Mellon Corp now owns 0 shares with a value of $0. AWM Investment Company Inc. increased its position in NeoPhotonics Corporation by 6.8% in the first quarter. Asset Advisors Corp acquired 4,235 shares as Blackrock Inc (BLK)'s stock rose 1.17%. Royce & Associates LP now owns 1,767,528 shares of the semiconductor company's stock valued at $13,645,000 after buying an additional 200,900 shares in the last quarter. New York-based Spark Inv Mgmt Ltd Liability Corporation has invested 0.28% in NeoPhotonics Corp (NYSE:NPTN).
This company has been competing with others in the Technology space and offers its own combination of interesting factors NeoPhotonics Corporation (NPTN) now trades with a market capitalization of $306.73 Million. The company has a market cap of $458.74M and its 12 month revenue was nearly $750.50M. NeoPhotonics Corporation has a 12 month low of $6.38 and a 12 month high of $18.51.
NeoPhotonics Corporation (NYSE:NPTN) has been trading in a bearish manner, based on the relative positions of the stock's 20 and 200 day moving averages.
The share price of the company (NYSE:NPTN) was down -6.15%, with a high of 6.36 during the day and the volume of NeoPhotonics Corporation shares traded was 1553878. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $0.10. NeoPhotonics Corporation is now trading -20.30% below its 20-day and -36.84% versus the 200-day simple moving averages while -23.74% compared with its 50-day simple moving average. Its revenue totaled $218.15 million down -1.97% from the previous quarter. During the same quarter past year, the company posted $0.15 EPS. The business's quarterly revenue was down 26.1% compared to the same quarter a year ago.
NeoPhotonics Corporation was downgraded to "outperform" by analysts at Raymond James.
TRADEMARK VIOLATION NOTICE: "NeoPhotonics Corporation (NYSE:NPTN) Shares Sold by Bank of Nova Scotia" was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another domain, it was stolen and republished in violation of United States & worldwide trademark and copyright law. The original version of this story can be read at https://www.baseball-news-blog.com/2017/08/08/neophotonics-corporation-nptn-getting-somewhat-positive-media-coverage-study-finds.html. Regions Financial holds 0.01% of its portfolio in NeoPhotonics Corp (NYSE:NPTN) for 65,787 shares. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy NeoPhotonics Corporation (NYSE:NPTN). Zacks Investment Research raised NeoPhotonics Corporation from a "strong sell" rating to a "hold" rating in a research note on Thursday, July 6th. Deutsche Bank maintained the stock with "Buy" rating in Friday, September 9 report. Needham & Company LLC restated a strong-buy rating and set a $13.00 price objective on shares of NeoPhotonics Corporation in a research report on Monday, May 8th. Zacks Investment Research downgraded NeoPhotonics Corporation from a hold rating to a sell rating in a research report on Wednesday, May 3rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company.
NPTN is now undervalued by -35.43% relative to the average 1-year price target of $10.19 taken from a group of Wall Street Analysts. They now have a Dollars 4.5 price target on the stock. The stock was sold at an average price of $8.45, for a total transaction of $33,800.00. Following the sale, the senior vice president now owns 84,711 shares of the company's stock, valued at approximately $714,960.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Rusnano sold 92,900 shares of the company's stock in a transaction that occurred on Wednesday, May 24th. The shares were purchased at an average price of $8.45. Following the completion of the transaction, the insider now owns 4,730,005 shares in the company, valued at approximately $43,421,445.90. In the last quarter, insiders sold 359,300 shares of company stock worth $3,243,816. 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.
NeoPhotonics Corporation, launched on October 31, 1996, develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks.