NeoPhotonics Corporation (NYSE:NPTN) was downgraded by analysts at UBS AG from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday.

NPTN has been the topic of a number of other reports. BidaskClub cut NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 8th. Zacks Investment Research cut NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine cut NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $9.00 price target on shares of NeoPhotonics Corporation in a research note on Monday, July 24th. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $13.00 price target on shares of NeoPhotonics Corporation in a research note on Monday, June 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $9.47.

NeoPhotonics Corporation (NYSE NPTN) traded down 13.82% during mid-day trading on Thursday, reaching $5.05. The company’s stock had a trading volume of 3,141,136 shares. The stock has a 50-day moving average price of $5.89 and a 200-day moving average price of $7.67. NeoPhotonics Corporation has a one year low of $4.93 and a one year high of $16.98. The company’s market capitalization is $220.37 million.

NeoPhotonics Corporation (NYSE:NPTN) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.10. The company had revenue of $73.20 million for the quarter, compared to the consensus estimate of $71.11 million. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. The firm’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS. Equities research analysts forecast that NeoPhotonics Corporation will post ($0.61) EPS for the current year.

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In other NeoPhotonics Corporation news, Director Michael J. Sophie sold 4,000 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $8.45, for a total value of $33,800.00. Following the completion of the transaction, the director now owns 18,318 shares in the company, valued at $154,787.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Benjamin Lee Sitler sold 33,400 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $8.44, for a total transaction of $281,896.00. Following the completion of the transaction, the senior vice president now owns 84,711 shares of the company’s stock, valued at approximately $714,960.84. The disclosure for this sale can be found here. 17.30% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in shares of NeoPhotonics Corporation by 0.4% in the second quarter. Goldman Sachs Group Inc. now owns 96,999 shares of the semiconductor company’s stock worth $749,000 after acquiring an additional 433 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of NeoPhotonics Corporation by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 114,544 shares of the semiconductor company’s stock worth $885,000 after acquiring an additional 722 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of NeoPhotonics Corporation by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 52,939 shares of the semiconductor company’s stock worth $572,000 after acquiring an additional 874 shares in the last quarter. American International Group Inc. grew its stake in shares of NeoPhotonics Corporation by 7.1% in the first quarter. American International Group Inc. now owns 18,979 shares of the semiconductor company’s stock worth $171,000 after acquiring an additional 1,252 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of NeoPhotonics Corporation by 20.0% in the second quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 2,749 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

About NeoPhotonics Corporation

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 Corporation (NYSE:NPTN)

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