QS Investors LLC Trims Holdings in NeoPhotonics Corporation (NPTN)

QS Investors LLC lowered its position in NeoPhotonics Corporation (NYSE:NPTN) by 41.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,633 shares of the semiconductor company’s stock after selling 102,861 shares during the quarter. QS Investors LLC owned approximately 0.33% of NeoPhotonics Corporation worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its stake in shares of NeoPhotonics Corporation by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 114,544 shares of the semiconductor company’s stock worth $885,000 after purchasing an additional 722 shares during the last quarter. Teachers Advisors LLC grew its holdings in NeoPhotonics Corporation by 1.7% during the fourth quarter. Teachers Advisors LLC now owns 52,939 shares of the semiconductor company’s stock worth $572,000 after acquiring an additional 874 shares during the period. American International Group Inc. grew its holdings in NeoPhotonics Corporation by 7.1% during the first quarter. American International Group Inc. now owns 18,979 shares of the semiconductor company’s stock worth $171,000 after acquiring an additional 1,252 shares during the period. Voya Investment Management LLC grew its holdings in NeoPhotonics Corporation by 20.0% during the second quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 2,749 shares during the period. Finally, Rhumbline Advisers grew its holdings in NeoPhotonics Corporation by 8.4% during the second quarter. Rhumbline Advisers now owns 38,504 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 85.34% of the company’s stock.

Shares of NeoPhotonics Corporation (NYSE:NPTN) opened at 4.81 on Thursday. NeoPhotonics Corporation has a 52 week low of $4.72 and a 52 week high of $15.97. The company’s market cap is $209.90 million. The firm’s 50-day moving average price is $5.80 and its 200 day moving average price is $7.52.

NeoPhotonics Corporation (NYSE:NPTN) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.10. The business had revenue of $73.20 million for the quarter, compared to analyst estimates of $71.11 million. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. NeoPhotonics Corporation’s revenue for the quarter was down 26.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. On average, equities analysts predict that NeoPhotonics Corporation will post ($0.84) EPS for the current fiscal year.

A number of research analysts recently weighed in on the company. B. Riley reaffirmed a “neutral” rating and set a $6.25 price objective on shares of NeoPhotonics Corporation in a report on Friday, August 4th. BidaskClub raised NeoPhotonics Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Raymond James Financial, Inc. lowered NeoPhotonics Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 5th. Zacks Investment Research raised NeoPhotonics Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Needham & Company LLC reduced their target price on NeoPhotonics Corporation from $11.00 to $8.00 and set a “strong-buy” rating on the stock in a research report on Monday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.92.

In other NeoPhotonics Corporation news, SVP Benjamin Lee Sitler sold 33,400 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $8.44, for a total transaction of $281,896.00. Following the transaction, the senior vice president now owns 84,711 shares of the company’s stock, valued at approximately $714,960.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael J. Sophie sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $8.45, for a total value of $33,800.00. Following the transaction, the director now directly owns 18,318 shares in the company, valued at approximately $154,787.10. The disclosure for this sale can be found here. 17.30% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “QS Investors LLC Trims Holdings in NeoPhotonics Corporation (NPTN)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are access

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its stake in shares of NeoPhotonics Corporation by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 114,544 shares of the semiconductor company’s stock worth $885,000 after purchasing an additional 722 shares during the last quarter. Teachers Advisors LLC grew its holdings in NeoPhotonics Corporation by 1.7% during the fourth quarter. Teachers Advisors LLC now owns 52,939 shares of the semiconductor company’s stock worth $572,000 after acquiring an additional 874 shares during the period. American International Group Inc. grew its holdings in NeoPhotonics Corporation by 7.1% during the first quarter. American International Group Inc. now owns 18,979 shares of the semiconductor company’s stock worth $171,000 after acquiring an additional 1,252 shares during the period. Voya Investment Management LLC grew its holdings in NeoPhotonics Corporation by 20.0% during the second quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 2,749 shares during the period. Finally, Rhumbline Advisers grew its holdings in NeoPhotonics Corporation by 8.4% during the second quarter. Rhumbline Advisers now owns 38,504 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 85.34% of the company’s stock.

Shares of NeoPhotonics Corporation (NYSE:NPTN) opened at 4.81 on Thursday. NeoPhotonics Corporation has a 52 week low of $4.72 and a 52 week high of $15.97. The company’s market cap is $209.90 million. The firm’s 50-day moving average price is $5.80 and its 200 day moving average price is $7.52.

NeoPhotonics Corporation (NYSE:NPTN) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.10. The business had revenue of $73.20 million for the quarter, compared to analyst estimates of $71.11 million. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. NeoPhotonics Corporation’s revenue for the quarter was down 26.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. On average, equities analysts predict that NeoPhotonics Corporation will post ($0.84) EPS for the current fiscal year.

A number of research analysts recently weighed in on the company. B. Riley reaffirmed a “neutral” rating and set a $6.25 price objective on shares of NeoPhotonics Corporation in a report on Friday, August 4th. BidaskClub raised NeoPhotonics Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Raymond James Financial, Inc. lowered NeoPhotonics Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 5th. Zacks Investment Research raised NeoPhotonics Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Needham & Company LLC reduced their target price on NeoPhotonics Corporation from $11.00 to $8.00 and set a “strong-buy” rating on the stock in a research report on Monday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.92.

In other NeoPhotonics Corporation news, SVP Benjamin Lee Sitler sold 33,400 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $8.44, for a total transaction of $281,896.00. Following the transaction, the senior vice president now owns 84,711 shares of the company’s stock, valued at approximately $714,960.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael J. Sophie sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $8.45, for a total value of $33,800.00. Following the transaction, the director now directly owns 18,318 shares in the company, valued at approximately $154,787.10. The disclosure for this sale can be found here. 17.30% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “QS Investors LLC Trims Holdings in NeoPhotonics Corporation (NPTN)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/12/qs-investors-llc-trims-holdings-in-neophotonics-corporation-nptn.html.

About NeoPhotonics Corporation

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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Institutional Ownership by Quarter for NeoPhotonics Corporation (NYSE:NPTN)

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