Piper Jaffray Companies reissued their buy rating on shares of NeoPhotonics Corporation (NYSE:NPTN) in a research note published on Friday morning. Analysts set a 12-month price target of $10.19 a share. Schwab Charles Investment Management Inc. boosted its stake in NeoPhotonics Corporation by 0.6% in the second quarter.
Several other analysts also recently weighed in on NPTN. Finally, KCG Holdings Inc. bought a new stake in shares of NeoPhotonics Corporation during the first quarter valued at approximately $216,000. Argent Capital Management LLC now owns 249,425 shares of the semiconductor company's stock valued at $2,247,000 after buying an additional 5,800 shares during the last quarter. American International Group Inc. increased its position in NeoPhotonics Corporation by 7.1% in the first quarter. Wellington Management Group LLP increased its position in NeoPhotonics Corporation by 18.9% in the first quarter. 876,802 shares of the company's stock were exchanged.
WARNING: "Fisher Asset Management LLC Increases Position in NeoPhotonics Corporation (NPTN)" was first reported by StockNewsTimes and is owned by of StockNewsTimes. 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. Deutsche Bank maintained the stock with "Buy" rating in Friday, August 5 report. First Personal Finance Services holds 0% of its portfolio in NeoPhotonics Corp (NYSE:NPTN) for 465 shares. Pier 88 Investment Partners LLC now owns 67,986 shares of the semiconductor company's stock worth $613,000 after buying an additional 26,586 shares during the last quarter.
Neophotonics Corp (NYSE:NPTN) shares traded on -1.35% down secure line and closed at $6.58.
The company declined -1.35% and closed its last trading session at $6.67. The company has market cap of $277.43 million. NeoPhotonics Corporation has a one year low of $6.38 and a one year high of $18.51. Additionally, NeoPhotonics Corporation (NPTN) stock price has gone down by -22.30% over the last 20 trading days, and its price is -65.75% below the 52-week high.
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 for the quarter, beating analysts' consensus estimates of ($0.25) by $0.10.
While having a peek at profitability ratios Neophotonics Corp (NYSE:NPTN) has trailing twelve month gross margin at 26.2%, its trailing twelve month operating margin stands at -7.3% whereas its trailing twelve month net profit margin spots at -7.3%. The analysts estimated sales for the higher end at 84.6 million and lower end at 73 million while the year ago reported sale was 119.39 million. During the same period in the prior year, the company earned $0.15 EPS. The stock of NeoPhotonics Corp (NYSE:NPTN) earned "Outperform" rating by Raymond James on Monday, July 24. Financial Bank Of Ny Mellon Corporation invested 0% in NeoPhotonics Corp (NYSE:NPTN). If you are accessing this piece on another domain, it was stolen and republished in violation of USA & global trademark and copyright law. The original version of this report can be accessed at https://sportsperspectives.com/2017/08/08/bank-of-nova-scotia-has-114000-position-in-neophotonics-corporation-nysenptn-updated-updated-updated.html.
In recent action, NeoPhotonics Corporation (NPTN) has made a move of -23.43% over the past month, which has come on Strong relative transaction volume. On Friday, May 12 Wupen Yuen sold $185,071 worth of NeoPhotonics Corp (NYSE:NPTN) or 22,000 shares. Rosenblatt Securities initiated coverage on shares of NeoPhotonics Corporation in a research note on Thursday, May 25th. They issued a "buy" rating and a $13.00 price objective for the company.
06/29/2017 - D.A. Davidson began new coverage on NeoPhotonics Corporation giving the company a "neutral" rating. Zacks Investment Research downgraded NeoPhotonics Corporation from a hold rating to a sell rating in a research report on Wednesday, May 3rd.
Based on the latest brokerage notes which have been released to investors, 2 brokers have issued a rating of "strong buy", 5 brokers "buy", 2 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". The stock now has a consensus rating of "Hold" and an average price target of $10.22. They now have a United States dollars 4.5 price target on the stock. The stock was sold at an average price of $7.66, for a total transaction of $76,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Chiyue Cheung sold 10,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $7.35, for a total value of $677,118.75. Following the sale, the insider now directly owns 4,884,405 shares in the company, valued at approximately $44,448,085.50. The disclosure for this sale can be found here.