NeoPhotonics (NYSE:NPTN) Issues Quarterly Earnings Results

NeoPhotonics (NYSE:NPTNGet Rating) announced its quarterly earnings results on Thursday. The semiconductor company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.07, Briefing.com reports. NeoPhotonics had a negative net margin of 14.03% and a negative return on equity of 20.38%. The firm had revenue of $89.27 million for the quarter, compared to analysts’ expectations of $82.02 million. During the same quarter in the previous year, the company posted ($0.15) EPS. The company’s revenue was up 46.5% compared to the same quarter last year.

NeoPhotonics stock opened at $15.14 on Friday. The stock’s 50 day moving average price is $15.19 and its 200 day moving average price is $14.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.17 and a quick ratio of 1.67. NeoPhotonics has a one year low of $7.95 and a one year high of $16.14.

A number of research analysts have commented on NPTN shares. StockNews.com assumed coverage on shares of NeoPhotonics in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of NeoPhotonics from a “buy” rating to a “hold” rating in a research note on Thursday, January 6th. Finally, Rosenblatt Securities started coverage on shares of NeoPhotonics in a research note on Thursday, March 24th. They issued a “neutral” rating and a $16.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.00.

In other news, CEO Timothy Storrs Jenks sold 17,040 shares of the business’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $15.16, for a total value of $258,326.40. Following the completion of the sale, the chief executive officer now directly owns 492,916 shares in the company, valued at approximately $7,472,606.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 50,094 shares of company stock worth $765,208 over the last 90 days. 5.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY raised its position in shares of NeoPhotonics by 5.9% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 12,496 shares of the semiconductor company’s stock worth $192,000 after purchasing an additional 691 shares during the period. California State Teachers Retirement System increased its position in NeoPhotonics by 4.4% in the 4th quarter. California State Teachers Retirement System now owns 72,055 shares of the semiconductor company’s stock worth $1,107,000 after purchasing an additional 3,008 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in NeoPhotonics by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 135,276 shares of the semiconductor company’s stock worth $2,080,000 after purchasing an additional 3,449 shares during the last quarter. Invesco Ltd. boosted its stake in shares of NeoPhotonics by 7.6% during the 3rd quarter. Invesco Ltd. now owns 59,028 shares of the semiconductor company’s stock worth $514,000 after acquiring an additional 4,154 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of NeoPhotonics by 371.8% during the 2nd quarter. Royal Bank of Canada now owns 5,803 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 4,573 shares in the last quarter. Hedge funds and other institutional investors own 81.70% of the company’s stock.

NeoPhotonics Company Profile (Get Rating)

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit and receive high speed digital optical signals for cloud and hyperscale data center internet content provider and telecom networks. It offers transmitter and receiver components, and coherent modules, as well as switching products for 400G and optical transmission applications over distances of approximately 2 to 2,000 kilometers; ultra-narrow linewidth tunable lasers; electro-absorptively modulated lasers; distributed feedback lasers; component lasers; and integrated coherent receivers and modulators.

Featured Articles

Earnings History for NeoPhotonics (NYSE:NPTN)

Receive News & Ratings for NeoPhotonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NeoPhotonics and related companies with MarketBeat.com's FREE daily email newsletter.