NeoPhotonics (NYSE:NPTN) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of NeoPhotonics (NYSE:NPTNGet Rating) in a note issued to investors on Monday. The brokerage set a “hold” rating on the semiconductor company’s stock.

NeoPhotonics Stock Up 0.1 %

Shares of NPTN opened at $16.01 on Monday. NeoPhotonics has a one year low of $7.95 and a one year high of $16.14. The company has a market cap of $859.56 million, a P/E ratio of -123.15 and a beta of 0.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.89. The firm has a 50 day simple moving average of $15.86 and a two-hundred day simple moving average of $15.45.

NeoPhotonics (NYSE:NPTNGet Rating) last posted its earnings results on Monday, July 25th. The semiconductor company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.13. The firm had revenue of $95.00 million for the quarter, compared to analysts’ expectations of $92.61 million. NeoPhotonics had a negative net margin of 1.89% and a negative return on equity of 1.30%. The company’s revenue was up 46.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. Research analysts forecast that NeoPhotonics will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling

In other NeoPhotonics news, CEO Timothy Storrs Jenks sold 8,500 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $15.78, for a total transaction of $134,130.00. Following the sale, the chief executive officer now owns 456,784 shares of the company’s stock, valued at $7,208,051.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NeoPhotonics

Several institutional investors have recently made changes to their positions in NPTN. Pentwater Capital Management LP raised its holdings in shares of NeoPhotonics by 1,566.7% during the second quarter. Pentwater Capital Management LP now owns 2,100,000 shares of the semiconductor company’s stock valued at $33,033,000 after purchasing an additional 1,974,000 shares during the period. Millennium Management LLC raised its holdings in shares of NeoPhotonics by 656.2% in the 2nd quarter. Millennium Management LLC now owns 1,955,993 shares of the semiconductor company’s stock worth $30,768,000 after acquiring an additional 1,697,326 shares during the last quarter. TIG Advisors LLC raised its holdings in shares of NeoPhotonics by 152.7% in the 1st quarter. TIG Advisors LLC now owns 2,102,559 shares of the semiconductor company’s stock worth $31,980,000 after acquiring an additional 1,270,581 shares during the last quarter. State Street Corp raised its holdings in shares of NeoPhotonics by 54.6% in the 1st quarter. State Street Corp now owns 3,114,300 shares of the semiconductor company’s stock worth $47,369,000 after acquiring an additional 1,099,682 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in shares of NeoPhotonics in the 4th quarter worth about $13,074,000. Institutional investors and hedge funds own 85.55% of the company’s stock.

NeoPhotonics Company Profile

(Get Rating)

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit and receive high speed digital optical signals for cloud and hyperscale data center internet content provider and telecom networks. It offers transmitter and receiver components, and coherent modules, as well as switching products for 400G and optical transmission applications over distances of approximately 2 to 2,000 kilometers; ultra-narrow linewidth tunable lasers; electro-absorptively modulated lasers; distributed feedback lasers; component lasers; and integrated coherent receivers and modulators.

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Analyst Recommendations for NeoPhotonics (NYSE:NPTN)

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