Economy

NeoPhotonics Corporation (NYSE:NPTN) Under Analyst Spotlight

Bank of Nova Scotia's holdings in NeoPhotonics Corporation were worth $114,000 as of its most recent SEC filing.

NPTN has been the topic of several research analyst reports. White Pine Capital LLC owns 156,525 shares with a value of $1,208,000. Northpointe Capital LLC now owns 1,789,195 shares of the semiconductor company's stock valued at $13,813,000 after buying an additional 212,767 shares in the last quarter. American International Group Inc. raised its stake in shares of NeoPhotonics Corporation by 7.1% in the first quarter. Finally, Fisher Asset Management LLC increased its position in shares of NeoPhotonics Corporation by 52.0% in the first quarter. Alliancebernstein Limited Partnership accumulated 31,100 shares or 0% of the stock. Shell Asset Management invested 0.02% in NeoPhotonics Corp (NYSE:NPTN). Schwab Charles Investment Management Inc. now owns 113,822 shares of the semiconductor company's stock valued at $1,026,000 after buying an additional 6,498 shares in the last quarter. American International Group Inc. boosted its stake in shares of NeoPhotonics Corporation by 7.1% in the first quarter. Institutional investors and hedge funds own 84.20% of the company's stock.

Shares of NeoPhotonics Corporation (NPTN) traded down 1.69% during trading on Friday, hitting $6.41. In terms of relative volume, these shares are trading at 1.01x their normal volume. The stock's market capitalization is $257.90 million. The recent price momentum makes it one stock to watch in recent days.

NeoPhotonics Corporation (NYSE:NPTN) last released its earnings results on Thursday, August 3rd.

NeoPhotonics Corporation has a 50 day moving average of 7.90 and a 200 day moving average of 8.97. The firm had revenue of $73.20 million during the quarter, compared to analysts' expectations of $71.11 million. During the same period previous year, the company earned $0.15 earnings per share.

K12 Inc. has a consensus outperform rating from 3 Wall Street analysts, and the number of shares now sold short amount to at least 0.64% of shares outstanding.

How Active Are NeoPhotonics Corporation (NYSE:NPTN) Shares? If you are reading this report on another website, it was copied illegally and republished in violation of US & worldwide copyright & trademark law. The legal version of this piece can be read at https://www.com-unik.info/2017/08/09/neophotonics-corporation-nysenptn-receives-average-recommendation-of-hold-from-brokerages.html. The average numbers of shares are traded in a security per day, during the recent 3-month period. On Friday, May 12 Wupen Yuen sold $185,071 worth of NeoPhotonics Corp (NYSE:NPTN) or 22,000 shares.

05/25/2017 - Rosenblatt Securities began new coverage on NeoPhotonics Corporation giving the company a "buy" rating.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $9.64 on the stock, this valuation is based on 9 number of opinions.

WARNING: "Somewhat Favorable News Coverage Somewhat Likely to Affect NeoPhotonics Corporation (NPTN) Stock Price" was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. Zacks Investment Research upgraded shares of NeoPhotonics Corporation from a "strong sell" rating to a "hold" rating in a research report on Thursday, July 6th.

10/05/2016 - NeoPhotonics Corporation had its "overweight" rating reiterated by analysts at Piper Jaffray. NeoPhotonics Corporation has 2 buy ratings, 2 holds and 0 sells even after the stock tumbled -65.75% from its high of $18.51 to a $306.73 million market value through last close. The company presently has an average rating of "Hold" and a consensus price target of $10.22.

In related news, COO Chiyue Cheung sold 10,000 shares of the firm's stock in a transaction on Monday, July 3rd. The shares were sold on July 26th for an average price of $8.44. Following the sale, the director now directly owns 18,318 shares in the company, valued at $154,787.10.

In other NeoPhotonics Corporation news, CEO Timothy Storrs Jenks sold 92,125 shares of NeoPhotonics Corporation stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $7.66, for a total transaction of $76,600.00. Following the sale, the insider now owns 4,730,005 shares in the company, valued at $43,421,445.90. Benjamin Lee Sitler, Sr VP disclosed the sale of 33,400 shares. As of the end of the quarter Marshall Wace North America L.p. had sold a total of 8,317 shares trimming its holdings by 20.3%. The Sr VP now owns $703,145 of the stock per the Form 4 SEC filing.

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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