Cavalry Management Group LLC acquired a new position in shares of NeoPhotonics Corp (NYSE:NPTN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 456,965 shares of the semiconductor company’s stock, valued at approximately $2,959,000. NeoPhotonics comprises 0.7% of Cavalry Management Group LLC’s investment portfolio, making the stock its 18th biggest holding. Cavalry Management Group LLC owned approximately 0.99% of NeoPhotonics at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Royce & Associates LP increased its holdings in NeoPhotonics by 2.5% during the 3rd quarter. Royce & Associates LP now owns 2,450,759 shares of the semiconductor company’s stock worth $20,341,000 after purchasing an additional 59,025 shares during the last quarter. AXA grew its position in shares of NeoPhotonics by 704.9% in the 3rd quarter. AXA now owns 195,600 shares of the semiconductor company’s stock worth $1,623,000 after acquiring an additional 171,300 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of NeoPhotonics in the 4th quarter worth approximately $621,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of NeoPhotonics in the 3rd quarter worth approximately $2,438,000. Finally, Walthausen & Co. LLC acquired a new position in shares of NeoPhotonics in the 3rd quarter worth approximately $1,326,000. Institutional investors own 82.61% of the company’s stock.

Several brokerages have recently commented on NPTN. Rosenblatt Securities reiterated a “buy” rating on shares of NeoPhotonics in a research report on Wednesday, February 27th. B. Riley lowered NeoPhotonics from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $11.00 to $8.25 in a research report on Thursday, December 6th. Zacks Investment Research lowered NeoPhotonics from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. ValuEngine upgraded NeoPhotonics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 2nd. Finally, TheStreet upgraded NeoPhotonics from a “d+” rating to a “c” rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. NeoPhotonics has an average rating of “Buy” and an average price target of $9.32.

Shares of NPTN opened at $6.61 on Friday. The company has a market capitalization of $306.88 million, a PE ratio of -8.93 and a beta of 1.30. The company has a quick ratio of 1.51, a current ratio of 2.00 and a debt-to-equity ratio of 0.31. NeoPhotonics Corp has a 52 week low of $5.00 and a 52 week high of $9.48.

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NeoPhotonics Company Profile

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.

Read More: SEC Filing

Institutional Ownership by Quarter for NeoPhotonics (NYSE:NPTN)

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