Neonode Inc. (NASDAQ:NEON) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Neonode Inc. (NASDAQ:NEON) by 12.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,946 shares of the electronics maker’s stock after purchasing an additional 13,590 shares during the period. Geode Capital Management LLC owned about 0.75% of Neonode worth $1,146,000 at the end of the most recent reporting period.

Separately, Centiva Capital LP acquired a new stake in shares of Neonode during the third quarter worth $201,000. Institutional investors own 11.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. LADENBURG THALM/SH SH started coverage on Neonode in a research note on Friday, October 18th. They issued a “buy” rating and a $16.50 price target on the stock. StockNews.com raised shares of Neonode to a “sell” rating in a research report on Friday, November 8th.

Neonode Trading Down 3.7 %

NEON opened at $8.78 on Friday. Neonode Inc. has a twelve month low of $1.23 and a twelve month high of $15.00. The firm has a market cap of $147.35 million, a price-to-earnings ratio of -12.37 and a beta of 1.96. The company has a fifty day simple moving average of $7.65 and a 200 day simple moving average of $6.35.

About Neonode

Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers.