NeoPhotonics Co. (NYSE:NPTN) COO Sells $151,488.00 in Stock

NeoPhotonics Co. (NYSE:NPTN) COO Chiyue Cheung sold 14,400 shares of the stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $10.52, for a total value of $151,488.00. Following the transaction, the chief operating officer now directly owns 14,400 shares of the company’s stock, valued at $151,488. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chiyue Cheung also recently made the following trade(s):

  • On Wednesday, April 14th, Chiyue Cheung sold 37,500 shares of NeoPhotonics stock. The shares were sold at an average price of $11.77, for a total value of $441,375.00.
  • On Monday, April 12th, Chiyue Cheung sold 11,500 shares of NeoPhotonics stock. The shares were sold at an average price of $11.73, for a total value of $134,895.00.
  • On Friday, March 26th, Chiyue Cheung sold 11,154 shares of NeoPhotonics stock. The shares were sold at an average price of $11.76, for a total value of $131,171.04.

Shares of NPTN opened at $10.64 on Friday. NeoPhotonics Co. has a 52-week low of $5.75 and a 52-week high of $14.14. The firm has a fifty day simple moving average of $10.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.28 and a current ratio of 2.91. The company has a market cap of $546.15 million, a price-to-earnings ratio of -24.74 and a beta of 0.98.

NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings results on Thursday, April 29th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.02. NeoPhotonics had a negative return on equity of 6.65% and a negative net margin of 6.38%. The company had revenue of $60.93 million for the quarter, compared to analyst estimates of $59.93 million. On average, equities analysts expect that NeoPhotonics Co. will post -0.61 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on NPTN shares. Piper Sandler reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of NeoPhotonics in a research report on Thursday, February 25th. DA Davidson raised NeoPhotonics from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.00 to $15.00 in a research report on Tuesday, March 9th. TheStreet cut NeoPhotonics from a “b-” rating to a “c” rating in a research report on Thursday, April 1st. Rosenblatt Securities raised NeoPhotonics from a “neutral” rating to a “buy” rating in a report on Wednesday, March 24th. Finally, Zacks Investment Research cut NeoPhotonics from a “hold” rating to a “sell” rating in a report on Wednesday, May 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. NeoPhotonics currently has a consensus rating of “Hold” and an average price target of $12.81.

Institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of NeoPhotonics in the 1st quarter valued at $25,000. Truvestments Capital LLC bought a new stake in NeoPhotonics during the 4th quarter worth $39,000. Lazard Asset Management LLC bought a new stake in NeoPhotonics during the 4th quarter worth $42,000. Vestor Capital LLC bought a new stake in NeoPhotonics during the 4th quarter worth $45,000. Finally, Marshall Wace LLP grew its position in NeoPhotonics by 4,963.0% during the 1st quarter. Marshall Wace LLP now owns 15,037 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 14,740 shares during the last quarter. Institutional investors own 83.82% of the company’s stock.

About NeoPhotonics

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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