Spark Investment Management LLC Invests $567,000 in NeoPhotonics Corp (NPTN) Stock

Spark Investment Management LLC acquired a new stake in NeoPhotonics Corp (NYSE:NPTN) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 90,302 shares of the semiconductor company’s stock, valued at approximately $567,000.

A number of other large investors have also recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of NeoPhotonics by 11.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,656 shares of the semiconductor company’s stock worth $98,000 after acquiring an additional 1,560 shares during the last quarter. Quantamental Technologies LLC lifted its position in NeoPhotonics by 49.5% during the first quarter. Quantamental Technologies LLC now owns 5,440 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,800 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of NeoPhotonics by 1.3% in the 4th quarter. Northern Trust Corp now owns 377,453 shares of the semiconductor company’s stock worth $2,445,000 after acquiring an additional 4,770 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of NeoPhotonics in the 4th quarter worth about $34,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of NeoPhotonics by 413.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,485 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 6,028 shares during the last quarter. Hedge funds and other institutional investors own 87.21% of the company’s stock.

NPTN stock opened at $3.97 on Thursday. The company has a market capitalization of $188.69 million, a P/E ratio of -5.36 and a beta of 1.26. The company has a quick ratio of 1.51, a current ratio of 1.98 and a debt-to-equity ratio of 0.45. NeoPhotonics Corp has a 52 week low of $3.26 and a 52 week high of $9.48.

NeoPhotonics (NYSE:NPTN) last released its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The company had revenue of $79.40 million during the quarter, compared to analyst estimates of $79.99 million. NeoPhotonics had a negative return on equity of 17.55% and a negative net margin of 11.85%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.33) earnings per share. As a group, equities research analysts forecast that NeoPhotonics Corp will post -0.55 EPS for the current fiscal year.

In other NeoPhotonics news, COO Chiyue Cheung sold 12,000 shares of NeoPhotonics stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $5.79, for a total transaction of $69,480.00. Following the completion of the sale, the chief operating officer now directly owns 12,000 shares in the company, valued at approximately $69,480. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy Storrs Jenks sold 16,999 shares of NeoPhotonics stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $6.62, for a total transaction of $112,533.38. The disclosure for this sale can be found here. 16.70% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on NPTN shares. TheStreet upgraded shares of NeoPhotonics from a “d+” rating to a “c” rating in a report on Friday, March 1st. Zacks Investment Research upgraded shares of NeoPhotonics from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Thursday, May 2nd. Needham & Company LLC lowered shares of NeoPhotonics from a “strong-buy” rating to a “hold” rating in a report on Friday, May 17th. B. Riley upgraded shares of NeoPhotonics from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $7.25 to $5.50 in a report on Monday. Finally, ValuEngine lowered shares of NeoPhotonics from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $8.41.

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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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