Insider Selling: NeoPhotonics Corp (NPTN) COO Sells 12,000 Shares of Stock

NeoPhotonics Corp (NYSE:NPTN) COO Chiyue Cheung sold 12,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $5.79, for a total transaction of $69,480.00. Following the transaction, the chief operating officer now owns 12,000 shares in the company, valued at approximately $69,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE NPTN opened at $5.59 on Wednesday. The company has a market capitalization of $264.44 million, a PE ratio of -7.55 and a beta of 1.26. NeoPhotonics Corp has a 52-week low of $5.57 and a 52-week high of $9.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.98.

NeoPhotonics (NYSE:NPTN) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The firm had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.99 million. NeoPhotonics had a negative return on equity of 17.55% and a negative net margin of 11.85%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.33) EPS. On average, research analysts anticipate that NeoPhotonics Corp will post -0.43 earnings per share for the current year.



Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of NeoPhotonics from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine lowered shares of NeoPhotonics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Northland Securities reissued a “buy” rating and set a $11.00 price objective on shares of NeoPhotonics in a research note on Friday, May 3rd. MKM Partners assumed coverage on shares of NeoPhotonics in a research note on Monday, April 29th. They set a “buy” rating and a $9.00 price objective on the stock. Finally, TheStreet raised shares of NeoPhotonics from a “d+” rating to a “c” rating in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.31.

Several hedge funds and other institutional investors have recently modified their holdings of NPTN. Cavalry Management Group LLC purchased a new stake in shares of NeoPhotonics in the fourth quarter worth $2,959,000. Morgan Stanley increased its stake in shares of NeoPhotonics by 447.5% in the third quarter. Morgan Stanley now owns 441,476 shares of the semiconductor company’s stock worth $3,665,000 after purchasing an additional 360,836 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of NeoPhotonics in the fourth quarter worth $621,000. Hamilton Lane Advisors LLC purchased a new stake in shares of NeoPhotonics in the first quarter worth $2,166,000. Finally, Bank of New York Mellon Corp increased its stake in shares of NeoPhotonics by 6.9% in the third quarter. Bank of New York Mellon Corp now owns 138,342 shares of the semiconductor company’s stock worth $1,148,000 after purchasing an additional 8,948 shares in the last quarter. Hedge funds and other institutional investors own 82.03% of the company’s stock.

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About NeoPhotonics

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.

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