Media headlines about NeoPhotonics Corporation (NYSE:NPTN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NeoPhotonics Corporation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.2125652123425 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
NeoPhotonics Corporation (NPTN) traded up 0.34% during mid-day trading on Friday, reaching $5.85. The company’s stock had a trading volume of 744,333 shares. The stock has a 50-day moving average price of $6.27 and a 200-day moving average price of $8.01. The company’s market capitalization is $255.28 million. NeoPhotonics Corporation has a one year low of $5.26 and a one year high of $18.51.
NeoPhotonics Corporation (NYSE:NPTN) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative net margin of 7.28% and a negative return on equity of 9.43%. The business had revenue of $73.20 million for the quarter, compared to analyst estimates of $71.11 million. During the same period in the prior year, the business earned $0.15 earnings per share. The company’s quarterly revenue was down 26.1% on a year-over-year basis. Equities research analysts forecast that NeoPhotonics Corporation will post ($0.60) EPS for the current year.
NPTN has been the subject of several recent analyst reports. DA Davidson initiated coverage on NeoPhotonics Corporation in a research note on Thursday, June 29th. They issued a “neutral” rating and a $9.00 price target for the company. Zacks Investment Research upgraded NeoPhotonics Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. Rosenblatt Securities initiated coverage on NeoPhotonics Corporation in a research report on Thursday, May 25th. They set a “buy” rating and a $13.00 price objective for the company. ValuEngine cut NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. reduced their price objective on NeoPhotonics Corporation from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $9.97.
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In other NeoPhotonics Corporation news, SVP Benjamin Lee Sitler sold 33,400 shares of NeoPhotonics Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $8.44, for a total value of $281,896.00. Following the transaction, the senior vice president now owns 84,711 shares in the company, valued at approximately $714,960.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Chiyue Cheung sold 10,000 shares of NeoPhotonics Corporation stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $7.66, for a total transaction of $76,600.00. Following the completion of the transaction, the chief operating officer now owns 10,000 shares in the company, valued at approximately $76,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,400 shares of company stock worth $392,296. 17.30% of the stock is owned by company insiders.
NeoPhotonics Corporation Company Profile
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.
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