NeoPhotonics (NPTN) Gets a Buy Rating from Northland Securities


Northland Securities analyst Tim Savageaux maintained a Buy rating on NeoPhotonics (NPTN) today and set a price target of $13.00. The company’s shares closed last Tuesday at $9.95, close to its 52-week high of $10.34.

According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 11.4% and a 60.3% success rate. Savageaux covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Applied Optoelectronics, and Communications Systems.

Currently, the analyst consensus on NeoPhotonics is a Moderate Buy with an average price target of $10.80, representing an 8.4% upside. In a report released today, Needham also assigned a Buy rating to the stock with a $12.00 price target.

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The company has a one-year high of $10.34 and a one-year low of $4.65. Currently, NeoPhotonics has an average volume of 1.14M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NPTN in relation to earlier this year. Most recently, in May 2020, Timothy Storrs Jenks, the CEO of NPTN bought 80,755 shares for a total of $277,892.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

NeoPhotonics Corp. engages in the design, manufacture, and sale of hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive communications networks. Its product portfolio includes pluggable coherent modules, coherent-components, 100G/400G client transceivers, optical switching, high speed ICs, 100G / 400G laser devices and light engines, passive components, network monitoring and control, and 10G and low rate components. The company was founded on October 31, 1996 and is headquartered in San Jose, CA.

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