Is NeoPhotonics (NYSE:NPTN) Really Worth Your Time and Dime After a Downgrade Today By B. Riley FBR

NeoPhotonics Corporation (NYSE:NPTN) Logo

Investors sentiment increased to 1.44 in 2018 Q2. Its up 0.49, from 0.95 in 2018Q1. It increased, as 11 investors sold NeoPhotonics Corporation shares while 21 reduced holdings. 18 funds opened positions while 28 raised stakes. 25.22 million shares or 5.28% less from 26.62 million shares in 2018Q1 were reported.

Parametric Portfolio Associates Limited Liability Corp holds 0% in NeoPhotonics Corporation (NYSE:NPTN) or 98,397 shares. Moreover, Victory Mngmt has 0% invested in NeoPhotonics Corporation (NYSE:NPTN) for 228,092 shares. Jacobs Levy Equity holds 0.01% of its portfolio in NeoPhotonics Corporation (NYSE:NPTN) for 107,200 shares. California Pub Employees Retirement Systems has invested 0% in NeoPhotonics Corporation (NYSE:NPTN). Masters Capital Management Ltd Liability Corporation holds 0.35% or 2.00 million shares. Artemis Investment Mngmt Limited Liability Partnership reported 0.08% of its portfolio in NeoPhotonics Corporation (NYSE:NPTN). Millennium Mngmt Ltd Co holds 0% or 412,013 shares in its portfolio. Moreover, Jpmorgan Chase And has 0% invested in NeoPhotonics Corporation (NYSE:NPTN). Regions owns 207 shares or 0% of their US portfolio. Vanguard holds 1.90 million shares. Deutsche Commercial Bank Ag has 0% invested in NeoPhotonics Corporation (NYSE:NPTN). Bridgeway Capital Incorporated reported 105,000 shares or 0.01% of all its holdings. 47,700 are held by Alliancebernstein Ltd Partnership. Group Inc One Trading Limited Partnership reported 17,920 shares. Gilder Gagnon Howe & Limited Liability Corporation owns 0% invested in NeoPhotonics Corporation (NYSE:NPTN) for 8,890 shares.

Since August 28, 2018, it had 0 insider buys, and 3 insider sales for $292,923 activity. cheung Chiyue had sold 10,000 shares worth $81,090 on Monday, September 10. Another trade for 22,877 shares valued at $203,783 was made by Wupen Yuen on Tuesday, August 28.

NeoPhotonics (NYSE:NPTN) Receives a Downgrade

B. Riley FBR decreased shares of NeoPhotonics (NYSE:NPTN) from their old rating of a “Buy” to a “Neutral” in a note sent to investors on Thursday, 6 December. They from today have a $8.25 target price on the stock.

The stock decreased 22.61% or $1.75 during the last trading session, reaching $5.99. About 1.25 million shares traded or 97.52% up from the average. NeoPhotonics Corporation (NYSE:NPTN) has risen 30.72% since December 6, 2017 and is uptrending. It has outperformed by 15.10% the S&P500.

Analysts await NeoPhotonics Corporation (NYSE:NPTN) to report earnings on March, 7. They expect $-0.11 earnings per share, up 64.52 % or $0.20 from last year’s $-0.31 per share. After $-0.12 actual earnings per share reported by NeoPhotonics Corporation for the previous quarter, Wall Street now forecasts -8.33 % EPS growth.

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 $275.84 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 notable recent NeoPhotonics Corporation (NYSE:NPTN) news were published by: Nasdaq.com which released: “Why Optical Networking Stocks Surged in May – Nasdaq” on June 13, 2018, also Seekingalpha.com with their article: “Axios: US senators introducing bill on ZTE sanctions – Seeking Alpha” published on September 18, 2018, Seekingalpha.com published: “NeoPhotonics Corporation (NPTN) CEO Tim Jenks on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on November 02, 2018. More interesting news about NeoPhotonics Corporation (NYSE:NPTN) were released by: Seekingalpha.com and their article: “NeoPhotonics’ (NPTN) CEO Tim Jenks on Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” published on May 08, 2018 as well as Globenewswire.com‘s news article titled: “Analysis: Positioning to Benefit within Sotheby’s, NeoPhotonics, Knoll, AmeriGas Partners, San Juan Basin Royalty Trust, and Hersha Hospitality Trust — Research Highlights Growth, Revenue, and Consolidated Results – GlobeNewswire” with publication date: October 08, 2018.

NeoPhotonics Corporation (NYSE:NPTN) Institutional Positions Chart

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