Could NeoPhotonics Corporation (NPTN) Decline After Today’s Huge Increase?

April 17, 2018 - By Nellie Frank

NeoPhotonics Corporation (NYSE:NPTN) Logo

Investors sentiment decreased to 0.84 in Q4 2017. Its down 0.52, from 1.36 in 2017Q3. It dropped, as 15 investors sold NeoPhotonics Corporation shares while 30 reduced holdings. 12 funds opened positions while 26 raised stakes. 27.37 million shares or 5.69% less from 29.02 million shares in 2017Q3 were reported.
Ameritas Inv reported 0% of its portfolio in NeoPhotonics Corporation (NYSE:NPTN). Oz Limited Partnership stated it has 0% of its portfolio in NeoPhotonics Corporation (NYSE:NPTN). Schwab Charles Investment Mngmt stated it has 0% of its portfolio in NeoPhotonics Corporation (NYSE:NPTN). 2.17M are held by Wellington Mngmt Gru Limited Liability Partnership. Gilder Gagnon Howe & Limited Liability holds 0% or 8,963 shares in its portfolio. Natl Bank Of New York Mellon owns 124,508 shares. Jacobs Levy Equity reported 0.01% of its portfolio in NeoPhotonics Corporation (NYSE:NPTN). Point72 Asia (Hong Kong) invested in 0% or 811 shares. Quentec Asset Management Ltd Company reported 2.8% stake. Goldman Sachs Grp Inc has invested 0% of its portfolio in NeoPhotonics Corporation (NYSE:NPTN). Lombard Odier Asset (Usa) Corporation holds 15,834 shares. 64,855 were reported by Wells Fargo And Mn. Virtu Financial Limited Com has 0.01% invested in NeoPhotonics Corporation (NYSE:NPTN). New York State Common Retirement Fund stated it has 0% in NeoPhotonics Corporation (NYSE:NPTN). California State Teachers Retirement Systems owns 0% invested in NeoPhotonics Corporation (NYSE:NPTN) for 51,972 shares.

The stock of NeoPhotonics Corporation (NYSE:NPTN) is a huge mover today! The stock increased 5.21% or $0.34 during the last trading session, reaching $6.86. About 2.23M shares traded or 130.21% up from the average. NeoPhotonics Corporation (NYSE:NPTN) has declined 34.12% since April 17, 2017 and is downtrending. It has underperformed by 45.67% the S&P500.
The move comes after 8 months positive chart setup for the $303.75M company. It was reported on Apr, 17 by Barchart.com. We have $7.20 PT which if reached, will make NYSE:NPTN worth $15.19M more.

Analysts await NeoPhotonics Corporation (NYSE:NPTN) to report earnings on May, 4. They expect $-0.31 EPS, down 3.33 % or $0.01 from last year’s $-0.3 per share. After $-0.31 actual EPS reported by NeoPhotonics Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

NeoPhotonics Corporation (NYSE:NPTN) Ratings Coverage

Among 7 analysts covering NeoPhotonics (NYSE:NPTN), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. NeoPhotonics had 9 analyst reports since November 3, 2017 according to SRatingsIntel. The stock of NeoPhotonics Corporation (NYSE:NPTN) earned “Buy” rating by Northland Capital on Monday, March 19. The firm has “Buy” rating given on Friday, March 9 by Rosenblatt. PiperJaffray downgraded the shares of NPTN in report on Monday, January 29 to “Neutral” rating. The rating was maintained by Northland Capital on Friday, March 2 with “Buy”. Northland Capital maintained the shares of NPTN in report on Friday, November 3 with “Buy” rating. Needham maintained NeoPhotonics Corporation (NYSE:NPTN) on Friday, March 2 with “Buy” rating. The stock of NeoPhotonics Corporation (NYSE:NPTN) has “Neutral” rating given on Tuesday, November 7 by B. Riley & Co. On Friday, March 2 the stock rating was maintained by Cowen & Co with “Buy”.

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 $303.75 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.

NeoPhotonics Corporation (NYSE:NPTN) Institutional Positions Chart

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