Dimensional Fund Advisors LP increased its holdings in shares of NeoPhotonics Corporation (NYSE:NPTN) by 26.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,590,387 shares of the semiconductor company’s stock after purchasing an additional 760,110 shares during the quarter. Dimensional Fund Advisors LP owned 8.33% of NeoPhotonics Corporation worth $27,719,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Parametric Portfolio Associates LLC increased its position in shares of NeoPhotonics Corporation by 294.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 57,311 shares of the semiconductor company’s stock worth $442,000 after purchasing an additional 42,777 shares during the last quarter. Cooper Creek Partners Management LLC grew its position in NeoPhotonics Corporation by 94.5% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 590,431 shares of the semiconductor company’s stock valued at $4,558,000 after acquiring an additional 286,898 shares in the last quarter. Quantbot Technologies LP grew its position in NeoPhotonics Corporation by 716.7% in the 2nd quarter. Quantbot Technologies LP now owns 50,971 shares of the semiconductor company’s stock valued at $393,000 after acquiring an additional 44,730 shares in the last quarter. Vanguard Group Inc. grew its position in NeoPhotonics Corporation by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,629,639 shares of the semiconductor company’s stock valued at $12,580,000 after acquiring an additional 114,518 shares in the last quarter. Finally, AlphaOne Investment Services LLC grew its position in NeoPhotonics Corporation by 3.9% in the 2nd quarter. AlphaOne Investment Services LLC now owns 312,406 shares of the semiconductor company’s stock valued at $2,412,000 after acquiring an additional 11,603 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. B. Riley reaffirmed a “neutral” rating and issued a $6.25 target price on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. BidaskClub raised NeoPhotonics Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 20th. ValuEngine raised NeoPhotonics Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. dropped their target price on NeoPhotonics Corporation from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, August 24th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $8.50 target price on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. NeoPhotonics Corporation has a consensus rating of “Hold” and a consensus target price of $8.89.
Shares of NeoPhotonics Corporation (NYSE:NPTN) opened at $6.29 on Monday. NeoPhotonics Corporation has a 52 week low of $4.56 and a 52 week high of $14.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.25.
NeoPhotonics Corporation (NYSE:NPTN) last posted its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.09. NeoPhotonics Corporation had a negative return on equity of 13.61% and a negative net margin of 11.37%. The firm had revenue of $71.12 million during the quarter, compared to analysts’ expectations of $69.94 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The firm’s revenue was down 31.2% compared to the same quarter last year. analysts anticipate that NeoPhotonics Corporation will post -1.01 earnings per share for the current fiscal year.
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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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