NeoPhotonics Corp (NYSE:NPTN) has been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $8.93.
Several analysts have commented on NPTN shares. Rosenblatt Securities set a $13.00 target price on shares of NeoPhotonics and gave the stock a “buy” rating in a research note on Tuesday, December 12th. ValuEngine raised shares of NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. DA Davidson lifted their target price on shares of NeoPhotonics to $6.50 and gave the stock a “neutral” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised shares of NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, B. Riley reaffirmed a “hold” rating and issued a $5.00 target price (down from $5.25) on shares of NeoPhotonics in a research note on Tuesday, November 7th.
Several hedge funds and other institutional investors have recently made changes to their positions in NPTN. Dimensional Fund Advisors LP grew its stake in shares of NeoPhotonics by 26.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,590,387 shares of the semiconductor company’s stock valued at $27,719,000 after buying an additional 760,110 shares during the period. Quentec Asset Management LLC grew its stake in shares of NeoPhotonics by 24.3% during the 3rd quarter. Quentec Asset Management LLC now owns 2,403,104 shares of the semiconductor company’s stock valued at $13,361,000 after buying an additional 469,087 shares during the period. Royce & Associates LP grew its stake in shares of NeoPhotonics by 25.2% during the 4th quarter. Royce & Associates LP now owns 2,274,658 shares of the semiconductor company’s stock valued at $14,967,000 after buying an additional 457,930 shares during the period. Boston Partners purchased a new stake in shares of NeoPhotonics during the 3rd quarter valued at $1,884,000. Finally, Russell Investments Group Ltd. grew its stake in shares of NeoPhotonics by 2,950.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 280,600 shares of the semiconductor company’s stock valued at $1,560,000 after buying an additional 271,400 shares during the period. 77.92% of the stock is owned by institutional investors.
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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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