NeoPhotonics (NPTN) Receives a Hold from Rosenblatt Securities

By Jason Carr

Rosenblatt Securities analyst Ryan Koontz maintained a Hold rating on NeoPhotonics (NPTNResearch Report) on August 3 and set a price target of $10.00. The company’s shares closed last Monday at $7.85.

According to TipRanks.com, Koontz is a 5-star analyst with an average return of 24.2% and a 69.7% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Applied Optoelectronics, and CommScope Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NeoPhotonics with a $11.00 average price target, a 32.7% upside from current levels. In a report issued on August 5, B.Riley FBR also maintained a Hold rating on the stock with a $9.00 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 1.17M.

Based on the recent corporate insider activity of 43 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.

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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.