Princeton Capital Management Inc. Purchases 1,525 Shares of NeoPhotonics Corp. (NPTN)
Princeton Capital Management Inc. boosted its stake in shares of NeoPhotonics Corp. (NYSE:NPTN) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,150 shares of the company’s stock after buying an additional 1,525 shares during the period. Princeton Capital Management Inc. owned approximately 0.17% of NeoPhotonics Corp. worth $678,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in shares of NeoPhotonics Corp. by 12.2% in the first quarter. Renaissance Technologies LLC now owns 1,168,000 shares of the company’s stock worth $16,399,000 after buying an additional 127,213 shares during the period. Bogle Investment Management L P DE increased its stake in shares of NeoPhotonics Corp. by 66.7% in the first quarter. Bogle Investment Management L P DE now owns 577,363 shares of the company’s stock worth $8,106,000 after buying an additional 231,078 shares during the period. Friess Associates LLC bought a new stake in shares of NeoPhotonics Corp. during the first quarter worth about $814,000. Wellington Management Group LLP bought a new stake in shares of NeoPhotonics Corp. during the first quarter worth about $11,871,000. Finally, Geode Capital Management LLC increased its stake in shares of NeoPhotonics Corp. by 41.5% in the first quarter. Geode Capital Management LLC now owns 468,038 shares of the company’s stock worth $6,571,000 after buying an additional 137,158 shares during the period. 79.16% of the stock is owned by hedge funds and other institutional investors.
Shares of NeoPhotonics Corp. (NYSE:NPTN) traded up 1.50% during trading on Monday, reaching $18.22. The company had a trading volume of 937,517 shares. The firm has a 50-day moving average of $15.20 and a 200 day moving average of $12.19. NeoPhotonics Corp. has a 52 week low of $6.24 and a 52 week high of $18.51. The firm has a market capitalization of $761.87 million, a price-to-earnings ratio of 119.87 and a beta of 0.59.
NeoPhotonics Corp. (NYSE:NPTN) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. NeoPhotonics Corp. had a return on equity of 7.67% and a net margin of 1.82%. The business had revenue of $99.13 million for the quarter, compared to the consensus estimate of $101.82 million. During the same period in the prior year, the business earned $0.14 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. On average, equities research analysts forecast that NeoPhotonics Corp. will post $0.67 earnings per share for the current year.
A number of analysts have issued reports on NPTN shares. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $17.00 target price on shares of NeoPhotonics Corp. in a research note on Wednesday, September 7th. Needham & Company LLC raised their price objective on NeoPhotonics Corp. from $20.00 to $22.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 12th. TheStreet raised NeoPhotonics Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. B. Riley reissued a “neutral” rating and set a $12.75 price objective on shares of NeoPhotonics Corp. in a research report on Sunday, August 14th. Finally, Craig Hallum reissued a “buy” rating on shares of NeoPhotonics Corp. in a research report on Sunday, July 17th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.21.
In related news, SVP Benjamin Lee Sitler sold 5,669 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $12.00, for a total value of $68,028.00. Following the completion of the transaction, the senior vice president now directly owns 68,009 shares in the company, valued at $816,108. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Yuen Wupen sold 3,400 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $15.00, for a total value of $51,000.00. Following the completion of the transaction, the vice president now owns 21,908 shares of the company’s stock, valued at $328,620. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.
NeoPhotonics Corp. Company Profile
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.
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