Parametric Portfolio Associates LLC purchased a new position in shares of NeoPhotonics Corporation (NYSE:NPTN) during the first quarter, Holdings Channel reports. The institutional investor purchased 14,534 shares of the semiconductor company’s stock, valued at approximately $131,000.

Several other hedge funds also recently made changes to their positions in NPTN. TFS Capital LLC bought a new stake in shares of NeoPhotonics Corporation during the first quarter worth about $110,000. Fox Run Management L.L.C. bought a new stake in shares of NeoPhotonics Corporation during the first quarter worth about $278,000. Teachers Advisors LLC increased its stake in shares of NeoPhotonics Corporation by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 52,939 shares of the semiconductor company’s stock worth $572,000 after buying an additional 874 shares during the last quarter. Pier 88 Investment Partners LLC increased its stake in shares of NeoPhotonics Corporation by 64.2% in the first quarter. Pier 88 Investment Partners LLC now owns 67,986 shares of the semiconductor company’s stock worth $613,000 after buying an additional 26,586 shares during the last quarter. Finally, Algert Global LLC increased its stake in shares of NeoPhotonics Corporation by 33.9% in the first quarter. Algert Global LLC now owns 90,230 shares of the semiconductor company’s stock worth $813,000 after buying an additional 22,840 shares during the last quarter. 84.24% of the stock is currently owned by hedge funds and other institutional investors.

NeoPhotonics Corporation (NYSE:NPTN) opened at 6.34 on Thursday. The stock has a 50 day moving average of $7.96 and a 200 day moving average of $8.99. The company’s market cap is $274.01 million. NeoPhotonics Corporation has a 52 week low of $6.28 and a 52 week high of $18.51.

NeoPhotonics Corporation (NYSE:NPTN) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.10. The firm had revenue of $73.20 million for the quarter, compared to analyst estimates of $71.11 million. NeoPhotonics Corporation had a negative return on equity of 9.35% and a negative net margin of 7.28%. NeoPhotonics Corporation’s revenue for the quarter was down 26.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Equities research analysts predict that NeoPhotonics Corporation will post ($0.59) EPS for the current fiscal year.

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A number of brokerages have recently issued reports on NPTN. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $13.00 price target on shares of NeoPhotonics Corporation in a report on Monday, May 8th. B. Riley reaffirmed a “neutral” rating and set a $6.25 price target on shares of NeoPhotonics Corporation in a report on Friday, August 4th. Zacks Investment Research raised shares of NeoPhotonics Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, July 6th. DA Davidson began coverage on shares of NeoPhotonics Corporation in a report on Thursday, June 29th. They set a “neutral” rating and a $9.00 price target on the stock. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $9.00 price target on shares of NeoPhotonics Corporation in a report on Monday, July 24th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. NeoPhotonics Corporation currently has a consensus rating of “Hold” and an average price target of $10.22.

In other NeoPhotonics Corporation news, Director Michael J. Sophie sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $8.45, for a total value of $33,800.00. Following the sale, the director now owns 18,318 shares in the company, valued at approximately $154,787.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Rusnano sold 92,900 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $9.10, for a total value of $845,390.00. Following the completion of the sale, the insider now owns 4,884,405 shares in the company, valued at approximately $44,448,085.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 359,300 shares of company stock worth $3,243,816. 17.30% of the stock is owned by insiders.

NeoPhotonics Corporation Company Profile

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.

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Institutional Ownership by Quarter for NeoPhotonics Corporation (NYSE:NPTN)

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