In a report released today, Tim Savageaux from Northland Securities maintained a Buy rating on NeoPhotonics (NPTN), with a price target of $9.75. The company’s shares closed on Friday at $4.18, close to its 52-week low of $3.26.
According to TipRanks.com, Savageaux is a 2-star analyst with an average return of 0.5% and a 45.7% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Applied Optoelectronics.
NeoPhotonics has an analyst consensus of Moderate Buy, with a price target consensus of $6.56.
See today’s analyst top recommended stocks >>
Based on NeoPhotonics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $14.09 million. In comparison, last year the company had a GAAP net loss of $10.54 million.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2019, Yuen Wupen, the VICE PRESIDENT GLOBAL PRODUCT of NPTN bought 23,999 shares for a total of $83,997.
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.
