Are Analysts Bullish about NeoPhotonics Corporation (NYSE:NPTN) after last week?

January 19, 2018 - By Henry Gaston

 Are Analysts Bullish about NeoPhotonics Corporation (NYSE:NPTN) after last week?
Investors sentiment increased to 1.36 in Q3 2017. Its up 0.36, from 1 in 2017Q2. It increased, as 16 investors sold NeoPhotonics Corporation shares while 20 reduced holdings. 17 funds opened positions while 32 raised stakes. 29.02 million shares or 4.75% less from 30.47 million shares in 2017Q2 were reported.
Blackrock Inc holds 2.04M shares. White Pine Capital Limited Liability Corporation holds 247,135 shares or 0% of its portfolio. Wells Fargo & Comm Mn owns 0% invested in NeoPhotonics Corporation (NYSE:NPTN) for 43,617 shares. Legal General Grp Public Limited reported 7,980 shares or 0% of all its holdings. Cooper Creek Prtnrs Ltd Liability Company holds 3.83% of its portfolio in NeoPhotonics Corporation (NYSE:NPTN) for 1.16 million shares. Oz L P reported 0% in NeoPhotonics Corporation (NYSE:NPTN). Susquehanna Intl Gru Llp invested in 0% or 50,655 shares. Peak6 Invests L P invested in 34,377 shares or 0% of the stock. Bank & Trust Of America De invested 0% of its portfolio in NeoPhotonics Corporation (NYSE:NPTN). Renaissance Techs stated it has 39,400 shares. Citadel Ltd has 0% invested in NeoPhotonics Corporation (NYSE:NPTN) for 397,760 shares. State Board Of Administration Of Florida Retirement System invested in 0% or 13,063 shares. 15,451 are held by Menta Cap Lc. Cubist Systematic Strategies Ltd Liability Corporation invested 0.02% in NeoPhotonics Corporation (NYSE:NPTN). Granite Point Cap Limited Partnership accumulated 458,302 shares.

NeoPhotonics Corporation (NYSE:NPTN) Ratings Coverage

Among 10 analysts covering NeoPhotonics (NYSE:NPTN), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. NeoPhotonics had 28 analyst reports since August 7, 2015 according to SRatingsIntel. Needham maintained it with “Strong Buy” rating and $24 target in Monday, October 31 report. As per Thursday, May 25, the company rating was initiated by Rosenblatt. Northland Capital initiated NeoPhotonics Corporation (NYSE:NPTN) rating on Tuesday, August 18. Northland Capital has “Outperform” rating and $10 target. The rating was downgraded by B. Riley & Co on Friday, August 7 to “Neutral”. As per Friday, June 30, the company rating was initiated by DA Davidson. The rating was maintained by Needham with “Strong Buy” on Wednesday, March 15. The rating was maintained by Northland Capital on Friday, November 3 with “Buy”. The firm earned “Outperform” rating on Friday, November 6 by Raymond James. As per Monday, September 12, the company rating was maintained by Needham. The rating was upgraded by Raymond James on Wednesday, February 3 to “Strong Buy”. Below is a list of NeoPhotonics Corporation (NYSE:NPTN) latest ratings and price target changes.

07/11/2017 Broker: B. Riley & Co Rating: Neutral Old Target: $5.25 New Target: $5 Maintain
07/11/2017 Broker: FBR Capital Rating: Hold New Target: $5.0
03/11/2017 Broker: Northland Capital Rating: Buy New Target: $10.0 Maintain
06/10/2017 Broker: Cowen & Co Rating: Buy New Target: $10.0 Maintain
06/10/2017 Broker: B. Riley & Co Rating: Hold New Target: $5.25
05/10/2017 Broker: Raymond James Old Rating: Outperform New Rating: Mkt Perform Downgrade
29/09/2017 Broker: Cowen & Co Rating: Buy New Target: $11.0 Maintain
15/09/2017 Broker: Northland Capital Rating: Buy New Target: $10.0 Maintain
24/08/2017 Broker: Raymond James Rating: Outperform Old Target: $8 New Target: $7 Maintain
04/08/2017 Broker: Piper Jaffray Rating: Buy New Target: $8.5000 Maintain

The stock increased 0.16% or $0.01 during the last trading session, reaching $6.34. About 283,144 shares traded. NeoPhotonics Corporation (NYSE:NPTN) has declined 9.58% since January 19, 2017 and is downtrending. It has underperformed by 26.28% the S&P500.

NeoPhotonics Corporation develops, manufactures, and sells hybrid photonic integrated optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. The company has market cap of $278.61 million. It offers high speed products, including transmitter, receiver, and switching products for 100G and optical transmission applications over distances of 2 to 2,000 kilometers; and optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generates ultra-pure wavelength or color for coherent transmission, as well as integrated coherent receivers (ICRs), which decodes the phase and polarization encoded coherent signals. It currently has negative earnings. The firm also engages in developing pluggable coherent modules that combine NLW-ITLA with ICR and a coherent modulator; and offers 100G products for the client side and datacenter applications.

More news for NeoPhotonics Corporation (NYSE:NPTN) were recently published by: Streetinsider.com, which released: “Form 8-K NEOPHOTONICS CORP For: Dec 14” on December 20, 2017. Prnewswire.com‘s article titled: “Morning Technical Insight on These Semiconductor Stocks — Qorvo, Inphi …” and published on January 16, 2018 is yet another important article.

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