Wall Street analysts expect NeoPhotonics Corp (NYSE:NPTN) to post $97.29 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for NeoPhotonics’ earnings. The highest sales estimate is $98.10 million and the lowest is $97.00 million. NeoPhotonics reported sales of $91.10 million during the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 27th.
On average, analysts expect that NeoPhotonics will report full year sales of $350.83 million for the current financial year, with estimates ranging from $350.50 million to $351.80 million. For the next fiscal year, analysts forecast that the company will post sales of $375.33 million, with estimates ranging from $355.90 million to $401.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover NeoPhotonics.
NeoPhotonics (NYSE:NPTN) last announced its earnings results on Thursday, October 31st. The semiconductor company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.16. NeoPhotonics had a negative net margin of 7.51% and a negative return on equity of 9.10%. The company had revenue of $92.39 million during the quarter, compared to the consensus estimate of $89.77 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The company’s revenue was up 13.0% on a year-over-year basis.
A number of equities analysts have weighed in on NPTN shares. Northland Securities reaffirmed a “buy” rating on shares of NeoPhotonics in a research note on Tuesday, August 6th. ValuEngine raised shares of NeoPhotonics from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. MKM Partners raised shares of NeoPhotonics from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $7.00 in a research note on Tuesday, August 6th. B. Riley downgraded shares of NeoPhotonics from a “buy” rating to a “neutral” rating and set a $6.50 target price for the company. in a research note on Wednesday, September 18th. Finally, Zacks Investment Research raised shares of NeoPhotonics from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a research note on Saturday, November 2nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $7.82.
In other news, COO Chiyue Cheung sold 6,000 shares of NeoPhotonics stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $7.80, for a total transaction of $46,800.00. Following the completion of the sale, the chief operating officer now owns 6,000 shares in the company, valued at approximately $46,800. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy Storrs Jenks sold 24,732 shares of NeoPhotonics stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $8.47, for a total transaction of $209,480.04. Following the sale, the chief executive officer now owns 429,175 shares of the company’s stock, valued at approximately $3,635,112.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,995 shares of company stock valued at $386,473. Insiders own 16.00% of the company’s stock.
Several large investors have recently modified their holdings of NPTN. Marshall Wace LLP grew its position in shares of NeoPhotonics by 4,963.0% during the 1st quarter. Marshall Wace LLP now owns 15,037 shares of the semiconductor company’s stock worth $95,000 after buying an additional 14,740 shares during the period. SG Americas Securities LLC acquired a new stake in shares of NeoPhotonics during the 2nd quarter worth approximately $337,000. Fisher Asset Management LLC grew its position in shares of NeoPhotonics by 13.8% during the 2nd quarter. Fisher Asset Management LLC now owns 245,369 shares of the semiconductor company’s stock worth $1,026,000 after buying an additional 29,762 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in shares of NeoPhotonics during the 2nd quarter worth approximately $72,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of NeoPhotonics during the 2nd quarter worth approximately $196,000. Institutional investors own 78.17% of the company’s stock.
Shares of NYSE NPTN traded down $0.40 during trading on Wednesday, reaching $7.80. The company had a trading volume of 797,200 shares, compared to its average volume of 942,888. NeoPhotonics has a 52 week low of $3.26 and a 52 week high of $8.73. The stock has a market cap of $395.58 million, a PE ratio of -10.54 and a beta of 1.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.63 and a current ratio of 2.10. The business’s 50 day moving average price is $7.44 and its 200-day moving average price is $5.73.
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.
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