NeoPhotonics Corporation (NYSE:NPTN) Stake Decreased by QS Investors LLC

QS Investors LLC decreased its position in shares of NeoPhotonics Corporation (NYSE:NPTN) by 41.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Paloma Partners Management Co bought a new position in NeoPhotonics Corporation in the 1st quarter worth about $103,000. Voya Investment Management LLC boosted its stake in NeoPhotonics Corporation by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 2,749 shares during the period. Parametric Portfolio Associates LLC bought a new position in NeoPhotonics Corporation in the 1st quarter worth about $131,000. Citigroup Inc. boosted its stake in NeoPhotonics Corporation by 35.7% in the 2nd quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock worth $134,000 after purchasing an additional 4,556 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in NeoPhotonics Corporation in the 2nd quarter worth about $159,000. Institutional investors own 85.34% of the company’s stock.

Several research analysts have commented on NPTN shares. Craig Hallum restated a “buy” rating and issued a $8.50 target price on shares of NeoPhotonics Corporation in a research note on Friday, October 6th. ValuEngine downgraded NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. BidaskClub cut NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. B. Riley reaffirmed a “hold” rating and issued a $5.25 price target on shares of NeoPhotonics Corporation in a report on Friday, October 6th. Finally, Zacks Investment Research cut NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. NeoPhotonics Corporation presently has a consensus rating of “Hold” and a consensus price target of $8.92.

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

Shares of NeoPhotonics Corporation (NYSE:NPTN) traded up 6.43% during trading on Friday, hitting $5.46. The company had a trading volume of 2,332,265 shares. The stock’s market capitalization is $238.26 million. NeoPhotonics Corporation has a 52 week low of $4.61 and a 52 week high of $15.68. The firm’s 50 day moving average is $5.57 and its 200-day moving average is $7.32.

NeoPhotonics Corporation (NYSE:NPTN) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. The company had revenue of $73.20 million during the quarter, compared to analyst estimates of $71.11 million. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was down 26.1% on a year-over-year basis. Equities research analysts anticipate that NeoPhotonics Corporation will post ($0.93) EPS for the current fiscal year.

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Several other hedge funds have also recently bought and sold shares of the company. Paloma Partners Management Co bought a new position in NeoPhotonics Corporation in the 1st quarter worth about $103,000. Voya Investment Management LLC boosted its stake in NeoPhotonics Corporation by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 2,749 shares during the period. Parametric Portfolio Associates LLC bought a new position in NeoPhotonics Corporation in the 1st quarter worth about $131,000. Citigroup Inc. boosted its stake in NeoPhotonics Corporation by 35.7% in the 2nd quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock worth $134,000 after purchasing an additional 4,556 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in NeoPhotonics Corporation in the 2nd quarter worth about $159,000. Institutional investors own 85.34% of the company’s stock.

Several research analysts have commented on NPTN shares. Craig Hallum restated a “buy” rating and issued a $8.50 target price on shares of NeoPhotonics Corporation in a research note on Friday, October 6th. ValuEngine downgraded NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. BidaskClub cut NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. B. Riley reaffirmed a “hold” rating and issued a $5.25 price target on shares of NeoPhotonics Corporation in a report on Friday, October 6th. Finally, Zacks Investment Research cut NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. NeoPhotonics Corporation presently has a consensus rating of “Hold” and a consensus price target of $8.92.

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

Shares of NeoPhotonics Corporation (NYSE:NPTN) traded up 6.43% during trading on Friday, hitting $5.46. The company had a trading volume of 2,332,265 shares. The stock’s market capitalization is $238.26 million. NeoPhotonics Corporation has a 52 week low of $4.61 and a 52 week high of $15.68. The firm’s 50 day moving average is $5.57 and its 200-day moving average is $7.32.

NeoPhotonics Corporation (NYSE:NPTN) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. The company had revenue of $73.20 million during the quarter, compared to analyst estimates of $71.11 million. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was down 26.1% on a year-over-year basis. Equities research analysts anticipate that NeoPhotonics Corporation will post ($0.93) EPS for the current fiscal year.

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NeoPhotonics Corporation Profile

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.

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

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