Chiyue Cheung Sells 10,000 Shares of NeoPhotonics Corporation (NPTN) Stock

NeoPhotonics Corporation (NYSE:NPTN) COO Chiyue Cheung sold 10,000 shares of NeoPhotonics Corporation stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $7.66, for a total value of $76,600.00. Following the completion of the sale, the chief operating officer now directly owns 10,000 shares in the company, valued at approximately $76,600. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NeoPhotonics Corporation (NYSE:NPTN) opened at 8.06 on Tuesday. The firm has a 50-day moving average price of $8.76 and a 200-day moving average price of $9.66. The stock’s market capitalization is $347.21 million. NeoPhotonics Corporation has a 1-year low of $6.90 and a 1-year high of $18.51.

NeoPhotonics Corporation (NYSE:NPTN) last posted its quarterly earnings data on Friday, May 5th. The semiconductor company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.02. The company had revenue of $71.70 million for the quarter, compared to analyst estimates of $70.05 million. NeoPhotonics Corporation had a negative net margin of 3.66% and a negative return on equity of 3.51%. NeoPhotonics Corporation’s revenue was down 27.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. On average, equities research analysts forecast that NeoPhotonics Corporation will post ($0.51) earnings per share for the current year.

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NPTN has been the topic of several research analyst reports. Northland Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of NeoPhotonics Corporation in a research report on Friday, June 23rd. Rosenblatt Securities initiated coverage on NeoPhotonics Corporation in a research report on Thursday, May 25th. They issued a “buy” rating and a $13.00 price objective on the stock. Zacks Investment Research raised NeoPhotonics Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 6th. DA Davidson began coverage on NeoPhotonics Corporation in a research report on Thursday, June 29th. They issued a “neutral” rating and a $9.00 price objective on the stock. Finally, B. Riley reiterated a “neutral” rating and issued a $6.25 target price on shares of NeoPhotonics Corporation in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $12.16.

A number of hedge funds and other institutional investors have recently bought and sold shares of NPTN. Dimensional Fund Advisors LP raised its position in NeoPhotonics Corporation by 22.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,611,828 shares of the semiconductor company’s stock valued at $28,234,000 after buying an additional 477,203 shares during the period. Wellington Management Group LLP raised its position in NeoPhotonics Corporation by 18.9% in the first quarter. Wellington Management Group LLP now owns 2,767,194 shares of the semiconductor company’s stock valued at $24,933,000 after buying an additional 440,640 shares during the period. Royce & Associates LP raised its position in NeoPhotonics Corporation by 34.8% in the first quarter. Royce & Associates LP now owns 1,566,628 shares of the semiconductor company’s stock valued at $14,115,000 after buying an additional 404,600 shares during the period. State Street Corp raised its position in NeoPhotonics Corporation by 39.2% in the fourth quarter. State Street Corp now owns 1,058,243 shares of the semiconductor company’s stock valued at $11,439,000 after buying an additional 297,918 shares during the period. Finally, Highbridge Capital Management LLC raised its position in NeoPhotonics Corporation by 1,582.9% in the first quarter. Highbridge Capital Management LLC now owns 181,906 shares of the semiconductor company’s stock valued at $1,639,000 after buying an additional 171,097 shares during the period. Hedge funds and other institutional investors own 83.96% of the company’s stock.

About NeoPhotonics Corporation

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.

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

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