Insider Selling: NeoPhotonics Co. (NYSE:NPTN) Director Sells 17,586 Shares of Stock

NeoPhotonics Co. (NYSE:NPTN) Director Michael J. Sophie sold 17,586 shares of the company’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $12.70, for a total value of $223,342.20. Following the sale, the director now owns 25,326 shares of the company’s stock, valued at approximately $321,640.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NeoPhotonics stock opened at $11.88 on Thursday. The business has a 50 day moving average price of $11.57 and a two-hundred day moving average price of $9.43. The company has a quick ratio of 1.93, a current ratio of 2.36 and a debt-to-equity ratio of 0.18. The stock has a market cap of $603.29 million, a price-to-earnings ratio of 69.89 and a beta of 1.24. NeoPhotonics Co. has a 12 month low of $5.75 and a 12 month high of $14.14.

NeoPhotonics (NYSE:NPTN) last posted its quarterly earnings results on Thursday, February 25th. The semiconductor company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.09. The firm had revenue of $68.19 million during the quarter, compared to analysts’ expectations of $67.34 million. NeoPhotonics had a return on equity of 10.55% and a net margin of 2.26%. On average, analysts expect that NeoPhotonics Co. will post 0.04 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings in NeoPhotonics by 6.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 30,725 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 1,752 shares in the last quarter. GSA Capital Partners LLP raised its holdings in NeoPhotonics by 6.7% in the 4th quarter. GSA Capital Partners LLP now owns 44,146 shares of the semiconductor company’s stock valued at $401,000 after acquiring an additional 2,768 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in NeoPhotonics by 5.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 60,100 shares of the semiconductor company’s stock valued at $546,000 after acquiring an additional 2,900 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of NeoPhotonics by 2.9% in the 3rd quarter. California Public Employees Retirement System now owns 115,894 shares of the semiconductor company’s stock worth $706,000 after buying an additional 3,227 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of NeoPhotonics by 3.2% in the 4th quarter. Swiss National Bank now owns 106,500 shares of the semiconductor company’s stock worth $968,000 after buying an additional 3,300 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on NPTN shares. B. Riley upped their price target on NeoPhotonics from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, January 11th. They noted that the move was a valuation call. DA Davidson upgraded NeoPhotonics from a “neutral” rating to a “buy” rating and upped their price target for the stock from $11.00 to $15.00 in a research note on Monday, March 15th. Needham & Company LLC upped their price target on NeoPhotonics from $9.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, January 13th. Zacks Investment Research upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 6th. Finally, Northland Securities reissued a “buy” rating and set a $18.00 price objective on shares of NeoPhotonics in a research report on Monday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. NeoPhotonics currently has an average rating of “Buy” and a consensus price target of $12.50.

NeoPhotonics Company Profile

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 worldwide. It offers high speed products, including transmitter, receiver, and switching products for 400G and optical transmission applications over distances of 2 to 2,000 kilometers; ultra-narrow linewidth tunable lasers that generate ultra-pure wavelength or color for coherent transmission; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent optical signals.

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Insider Buying and Selling by Quarter for NeoPhotonics (NYSE:NPTN)

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