NeoPhotonics Corp (NYSE:NPTN) – Investment analysts at DA Davidson issued their Q3 2019 EPS estimates for NeoPhotonics in a research note issued to investors on Tuesday, August 6th, according to Zacks Investment Research. DA Davidson analyst R. Research. Dep anticipates that the semiconductor company will earn ($0.04) per share for the quarter. DA Davidson also issued estimates for NeoPhotonics’ FY2019 earnings at ($0.43) EPS and FY2020 earnings at ($0.13) EPS.
NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings data on Monday, August 5th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.12. The company had revenue of $81.69 million for the quarter, compared to analyst estimates of $76.91 million. NeoPhotonics had a negative net margin of 10.86% and a negative return on equity of 14.40%. NeoPhotonics’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted ($0.19) earnings per share.
Other research analysts also recently issued research reports about the company. Needham & Company LLC downgraded NeoPhotonics from a “strong-buy” rating to a “hold” rating in a report on Friday, May 17th. Rosenblatt Securities restated a “buy” rating and set a $10.00 price target on shares of NeoPhotonics in a report on Tuesday, July 16th. B. Riley upgraded shares of NeoPhotonics from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $7.25 to $5.50 in a report on Monday, May 20th. Craig Hallum set a $6.00 price target on shares of NeoPhotonics and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, TheStreet cut shares of NeoPhotonics from a “c-” rating to a “d+” rating in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $7.82.
Shares of NPTN stock traded down $0.01 during midday trading on Friday, reaching $6.26. 260,252 shares of the stock were exchanged, compared to its average volume of 1,778,102. NeoPhotonics has a 1 year low of $3.26 and a 1 year high of $9.48. The company’s 50 day moving average is $5.38 and its two-hundred day moving average is $5.64. The company has a current ratio of 2.10, a quick ratio of 1.61 and a debt-to-equity ratio of 0.42. The firm has a market cap of $293.45 million, a PE ratio of -8.46 and a beta of 1.61.
A number of hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. bought a new stake in shares of NeoPhotonics during the fourth quarter valued at approximately $34,000. Quantamental Technologies LLC boosted its position in NeoPhotonics by 49.5% in the first quarter. Quantamental Technologies LLC now owns 5,440 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 1,800 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in NeoPhotonics by 413.7% in the first quarter. BNP Paribas Arbitrage SA now owns 7,485 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 6,028 shares during the last quarter. Algert Global LLC purchased a new position in NeoPhotonics in the second quarter worth $47,000. Finally, Two Sigma Advisers LP purchased a new position in NeoPhotonics in the fourth quarter worth $73,000. Institutional investors and hedge funds own 71.76% of the company’s stock.
NeoPhotonics Company Profile
NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.