NeoPhotonics Co. (NYSE:NPTN) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,860,000 shares, a decrease of 19.8% from the March 31st total of 2,320,000 shares. Based on an average daily trading volume, of 884,900 shares, the days-to-cover ratio is currently 2.1 days.

In other news, CEO Timothy Storrs Jenks sold 21,473 shares of the company’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $12.45, for a total transaction of $267,338.85. Following the transaction, the chief executive officer now directly owns 508,250 shares of the company’s stock, valued at approximately $6,327,712.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael J. Sophie sold 17,586 shares of the company’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $12.70, for a total transaction of $223,342.20. Following the transaction, the director now directly owns 25,326 shares in the company, valued at $321,640.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,213 shares of company stock valued at $1,361,532. 4.70% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Truvestments Capital LLC purchased a new position in NeoPhotonics in the 4th quarter worth about $39,000. Lazard Asset Management LLC purchased a new position in NeoPhotonics in the 4th quarter worth about $42,000. Vestor Capital LLC purchased a new position in NeoPhotonics in the 4th quarter worth about $45,000. Brinker Capital Investments LLC purchased a new position in NeoPhotonics in the 3rd quarter worth about $70,000. Finally, Marshall Wace LLP increased its stake in NeoPhotonics by 4,963.0% in the 1st quarter. Marshall Wace LLP now owns 15,037 shares of the semiconductor company’s stock worth $95,000 after purchasing an additional 14,740 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Several research analysts have recently weighed in on the stock. TheStreet lowered shares of NeoPhotonics from a “b-” rating to a “c” rating in a report on Thursday, April 1st. Needham & Company LLC increased their price objective on shares of NeoPhotonics from $9.00 to $12.50 and gave the stock a “buy” rating in a report on Wednesday, January 13th. Zacks Investment Research upgraded shares of NeoPhotonics from a “sell” rating to a “hold” rating in a report on Wednesday, January 6th. DA Davidson raised shares of NeoPhotonics from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.00 to $15.00 in a research report on Monday, March 15th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $18.00 price objective on shares of NeoPhotonics in a research report on Monday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.50.

NeoPhotonics stock traded down $0.39 during midday trading on Tuesday, hitting $8.63. The company’s stock had a trading volume of 1,336,148 shares, compared to its average volume of 930,890. The company has a quick ratio of 1.93, a current ratio of 2.36 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $11.80 and its 200-day moving average price is $10.09. NeoPhotonics has a 12 month low of $5.75 and a 12 month high of $14.14. The company has a market capitalization of $442.64 million, a PE ratio of 50.77 and a beta of 1.24.

NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings results on Thursday, February 25th. The semiconductor company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.09. NeoPhotonics had a net margin of 2.26% and a return on equity of 10.55%. The firm had revenue of $68.19 million for the quarter, compared to analysts’ expectations of $67.34 million. As a group, equities analysts anticipate that NeoPhotonics will post 0.04 EPS for the current year.

NeoPhotonics Company Profile

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 worldwide. It offers high speed products, including transmitter, receiver, and switching products for 400G and optical transmission applications over distances of 2 to 2,000 kilometers; ultra-narrow linewidth tunable lasers that generate ultra-pure wavelength or color for coherent transmission; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent optical signals.

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