NeoPhotonics (NPTN) Received its Third Buy in a Row

By Austin Angelo

After MKM Partners and Northland Securities gave NeoPhotonics (NYSE: NPTN) a Buy rating last month, the company received another Buy, this time from Rosenblatt Securities. Analyst Jun Zhang maintained a Buy rating on NeoPhotonics today. The company’s shares closed yesterday at $4.54, close to its 52-week low of $4.24.

Zhang said:

“We lower our revenue estimates for Q3 and Q4 and believe the Huawei issue may get resolved in the next 2-3 quarters, similar to the ZTE (0763.HK: NR) situation last year.”

According to, Zhang is a 3-star analyst with an average return of 2.4% and a 56.2% success rate. Zhang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Viavi Solutions.

NeoPhotonics has an analyst consensus of Strong Buy, with a price target consensus of $9.08, which is a 100.0% upside from current levels. In a report issued on May 3, Northland Securities also assigned a Buy rating to the stock with a $11 price target.

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The company has a one-year high of $9.48 and a one-year low of $4.24. Currently, NeoPhotonics has an average volume of 843.5K.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Chiyue Cheung, the COO of NPTN sold 12,000 shares for a total of $69,360.

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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.