Timothy Storrs Jenks Sells 17,040 Shares of NeoPhotonics Co. (NYSE:NPTN) Stock

NeoPhotonics Co. (NYSE:NPTNGet Rating) CEO Timothy Storrs Jenks sold 17,040 shares of the company’s stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $15.16, for a total transaction of $258,326.40. Following the completion of the transaction, the chief executive officer now owns 492,916 shares of the company’s stock, valued at approximately $7,472,606.56. The sale was disclosed in a filing with the SEC, which is available at this link.

Timothy Storrs Jenks also recently made the following trade(s):

  • On Monday, March 28th, Timothy Storrs Jenks sold 16,045 shares of NeoPhotonics stock. The stock was sold at an average price of $15.16, for a total transaction of $243,242.20.
  • On Monday, February 14th, Timothy Storrs Jenks sold 17,009 shares of NeoPhotonics stock. The stock was sold at an average price of $15.50, for a total transaction of $263,639.50.

NPTN stock opened at $15.21 on Friday. NeoPhotonics Co. has a one year low of $7.95 and a one year high of $16.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.67 and a current ratio of 2.17. The company has a fifty day moving average of $15.23 and a 200-day moving average of $14.20.

NeoPhotonics (NYSE:NPTNGet Rating) last released its earnings results on Thursday, February 24th. The semiconductor company reported ($0.12) EPS for the quarter. The firm had revenue of $80.60 million during the quarter, compared to analyst estimates of $97.14 million. NeoPhotonics had a negative return on equity of 20.38% and a negative net margin of 14.03%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) EPS. As a group, equities analysts anticipate that NeoPhotonics Co. will post -0.02 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY increased its holdings in shares of NeoPhotonics by 5.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 12,496 shares of the semiconductor company’s stock valued at $192,000 after purchasing an additional 691 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of NeoPhotonics by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 29,711 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 704 shares in the last quarter. Barclays PLC increased its holdings in shares of NeoPhotonics by 3.3% in the 3rd quarter. Barclays PLC now owns 23,800 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 754 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in NeoPhotonics by 11.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,800 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in NeoPhotonics by 2.8% during the 4th quarter. Rhumbline Advisers now owns 76,936 shares of the semiconductor company’s stock valued at $1,183,000 after acquiring an additional 2,074 shares in the last quarter. Institutional investors and hedge funds own 81.70% of the company’s stock.

A number of analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of NeoPhotonics in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research cut shares of NeoPhotonics from a “buy” rating to a “hold” rating in a research note on Thursday, January 6th. Finally, Rosenblatt Securities assumed coverage on shares of NeoPhotonics in a research note on Thursday, March 24th. They set a “neutral” rating and a $16.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, NeoPhotonics currently has a consensus rating of “Hold” and a consensus target price of $16.00.

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

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