Macquarie Group Ltd. Acquires Shares of 5,200 NeoPhotonics Corp (NPTN)

Macquarie Group Ltd. acquired a new stake in NeoPhotonics Corp (NYSE:NPTN) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,200 shares of the semiconductor company’s stock, valued at approximately $34,000.

A number of other large investors have also recently bought and sold shares of the stock. Boston Partners boosted its position in shares of NeoPhotonics by 103.5% during the 4th quarter. Boston Partners now owns 2,742,980 shares of the semiconductor company’s stock worth $17,775,000 after purchasing an additional 1,395,000 shares in the last quarter. Cavalry Management Group LLC purchased a new stake in shares of NeoPhotonics during the 4th quarter worth $2,959,000. Morgan Stanley boosted its position in shares of NeoPhotonics by 447.5% during the 3rd quarter. Morgan Stanley now owns 441,476 shares of the semiconductor company’s stock worth $3,665,000 after purchasing an additional 360,836 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of NeoPhotonics by 1,275.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 152,682 shares of the semiconductor company’s stock worth $1,267,000 after purchasing an additional 141,581 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of NeoPhotonics during the 4th quarter worth $621,000. Hedge funds and other institutional investors own 81.88% of the company’s stock.

In other news, CEO Timothy Storrs Jenks sold 16,999 shares of NeoPhotonics stock in a transaction on Friday, March 15th. The stock was sold at an average price of $6.62, for a total transaction of $112,533.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.70% of the company’s stock.

Several equities research analysts have commented on the stock. ValuEngine upgraded shares of NeoPhotonics from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. TheStreet raised NeoPhotonics from a “d+” rating to a “c” rating in a research note on Friday, March 1st. Rosenblatt Securities reaffirmed a “buy” rating on shares of NeoPhotonics in a research note on Wednesday, February 27th. Finally, Zacks Investment Research downgraded NeoPhotonics from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. NeoPhotonics presently has a consensus rating of “Hold” and an average target price of $9.13.

NYSE:NPTN opened at $6.73 on Friday. The firm has a market cap of $312.45 million, a PE ratio of -9.09 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.00 and a quick ratio of 1.56. NeoPhotonics Corp has a 52-week low of $5.00 and a 52-week high of $9.48.

NeoPhotonics (NYSE:NPTN) last released its quarterly earnings results on Thursday, February 28th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.07. The business had revenue of $91.10 million during the quarter, compared to the consensus estimate of $90.33 million. NeoPhotonics had a negative return on equity of 19.99% and a negative net margin of 13.53%. On average, analysts expect that NeoPhotonics Corp will post -0.36 EPS for the current fiscal year.

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About NeoPhotonics

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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Institutional Ownership by Quarter for NeoPhotonics (NYSE:NPTN)

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