Yuen Wupen Sells 3,750 Shares of NeoPhotonics Co. (NYSE:NPTN) Stock

NeoPhotonics Co. (NYSE:NPTN – Get Rating) VP Yuen Wupen sold 3,750 shares of the company’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $15.08, for a total value of $56,550.00. Following the sale, the vice president now owns 180,147 shares in the company, valued at approximately $2,716,616.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

NPTN stock traded down $0.31 during midday trading on Monday, hitting $14.69. 79,741 shares of the stock were exchanged, compared to its average volume of 723,022. NeoPhotonics Co. has a fifty-two week low of $7.95 and a fifty-two week high of $16.14. The stock has a market capitalization of $785.53 million, a PE ratio of -23.06 and a beta of 0.82. The stock’s 50-day moving average is $15.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.95 and a current ratio of 2.57.

NeoPhotonics (NYSE:NPTN – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The semiconductor company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.07. NeoPhotonics had a negative net margin of 10.46% and a negative return on equity of 14.23%. The business had revenue of $89.27 million for the quarter, compared to analyst estimates of $82.02 million. During the same period in the previous year, the firm earned ($0.15) EPS. The business’s revenue for the quarter was up 46.5% compared to the same quarter last year. Analysts predict that NeoPhotonics Co. will post 0.1 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in NPTN. Allspring Global Investments Holdings LLC purchased a new stake in NeoPhotonics during the 4th quarter worth about $49,000. Macquarie Group Ltd. boosted its stake in NeoPhotonics by 882.4% in the 3rd quarter. Macquarie Group Ltd. now owns 6,081 shares of the semiconductor company’s stock worth $53,000 after buying an additional 5,462 shares during the last quarter. Royal Bank of Canada grew its holdings in NeoPhotonics by 371.8% in the second quarter. Royal Bank of Canada now owns 5,803 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 4,573 shares during the period. PNC Financial Services Group Inc. raised its stake in NeoPhotonics by 11.4% during the third quarter. PNC Financial Services Group Inc. now owns 9,800 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 1,000 shares during the period. Finally, Sphinx Trading LP purchased a new position in shares of NeoPhotonics in the 4th quarter worth $92,000. Institutional investors and hedge funds own 85.55% of the company’s stock.

A number of analysts recently weighed in on NPTN shares. StockNews.com began coverage on shares of NeoPhotonics in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Rosenblatt Securities started coverage on shares of NeoPhotonics in a report on Thursday, March 24th. They issued a “neutral” rating and a $16.00 price objective on the stock. Finally, Zacks Investment Research raised shares of NeoPhotonics from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

NeoPhotonics Company Profile (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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