NeoPhotonics Co. (NYSE:NPTN) Director Michael J. Sophie sold 17,586 shares of the company’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $12.70, for a total value of $223,342.20. Following the sale, the director now owns 25,326 shares of the company’s stock, valued at approximately $321,640.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
NeoPhotonics stock opened at $11.88 on Thursday. The business has a 50 day moving average price of $11.57 and a two-hundred day moving average price of $9.43. The company has a quick ratio of 1.93, a current ratio of 2.36 and a debt-to-equity ratio of 0.18. The stock has a market cap of $603.29 million, a price-to-earnings ratio of 69.89 and a beta of 1.24. NeoPhotonics Co. has a 12 month low of $5.75 and a 12 month high of $14.14.
NeoPhotonics (NYSE:NPTN) last posted its quarterly earnings results on Thursday, February 25th. The semiconductor company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.09. The firm had revenue of $68.19 million during the quarter, compared to analysts’ expectations of $67.34 million. NeoPhotonics had a return on equity of 10.55% and a net margin of 2.26%. On average, analysts expect that NeoPhotonics Co. will post 0.04 earnings per share for the current fiscal year.
Several analysts have recently issued reports on NPTN shares. B. Riley upped their price target on NeoPhotonics from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, January 11th. They noted that the move was a valuation call. DA Davidson upgraded NeoPhotonics from a “neutral” rating to a “buy” rating and upped their price target for the stock from $11.00 to $15.00 in a research note on Monday, March 15th. Needham & Company LLC upped their price target on NeoPhotonics from $9.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, January 13th. Zacks Investment Research upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 6th. Finally, Northland Securities reissued a “buy” rating and set a $18.00 price objective on shares of NeoPhotonics in a research report on Monday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. NeoPhotonics currently has an average rating of “Buy” and a consensus price target of $12.50.
NeoPhotonics Company Profile
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 worldwide. It offers high speed products, including transmitter, receiver, and switching products for 400G and optical transmission applications over distances of 2 to 2,000 kilometers; ultra-narrow linewidth tunable lasers that generate ultra-pure wavelength or color for coherent transmission; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent optical signals.
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