Traders Buy High Volume of NeoPhotonics Call Options (NYSE:NPTN)

NeoPhotonics Corp (NYSE:NPTN) saw some unusual options trading activity on Wednesday. Traders acquired 4,527 call options on the company. This represents an increase of 5,421% compared to the typical daily volume of 82 call options.

Shares of NeoPhotonics stock traded up $0.01 during midday trading on Friday, reaching $8.65. 894,447 shares of the company’s stock traded hands, compared to its average volume of 693,249. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.35 and a current ratio of 2.04. NeoPhotonics has a 12 month low of $4.95 and a 12 month high of $9.48.

NeoPhotonics (NYSE:NPTN) last announced its earnings results on Friday, November 2nd. The semiconductor company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.14. The company had revenue of $81.75 million during the quarter, compared to the consensus estimate of $82.60 million. NeoPhotonics had a negative return on equity of 26.53% and a negative net margin of 16.60%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) earnings per share. As a group, equities research analysts forecast that NeoPhotonics will post -0.82 EPS for the current fiscal year.

Several research firms have issued reports on NPTN. Zacks Investment Research lowered shares of NeoPhotonics from a “buy” rating to a “hold” rating in a report on Friday. Craig Hallum set a $10.00 target price on NeoPhotonics and gave the stock a “buy” rating in a research note on Monday, November 5th. B. Riley increased their price objective on NeoPhotonics from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Piper Jaffray Companies increased their price objective on NeoPhotonics from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, November 5th. Finally, ValuEngine raised NeoPhotonics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $9.88.

In other NeoPhotonics news, COO Chiyue Cheung sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $8.11, for a total transaction of $81,100.00. Following the completion of the transaction, the chief operating officer now owns 5,000 shares in the company, valued at approximately $40,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Yuen Wupen sold 22,877 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $8.91, for a total transaction of $203,834.07. Following the transaction, the vice president now owns 48,265 shares of the company’s stock, valued at approximately $430,041.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,877 shares of company stock worth $292,984. 16.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Trexquant Investment LP purchased a new stake in shares of NeoPhotonics in the third quarter worth $215,000. BlackRock Inc. boosted its position in shares of NeoPhotonics by 2.5% during the third quarter. BlackRock Inc. now owns 2,284,012 shares of the semiconductor company’s stock valued at $18,958,000 after buying an additional 56,063 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of NeoPhotonics by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 138,342 shares of the semiconductor company’s stock valued at $1,148,000 after buying an additional 8,948 shares during the last quarter. EAM Global Investors LLC purchased a new stake in shares of NeoPhotonics during the third quarter valued at $1,121,000. Finally, EAM Investors LLC purchased a new stake in shares of NeoPhotonics during the third quarter valued at $889,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

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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.

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