California State Teachers Retirement System lowered its stake in NeoPhotonics Corp (NYSE:NPTN) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,242 shares of the semiconductor company’s stock after selling 3,500 shares during the quarter. California State Teachers Retirement System owned about 0.13% of NeoPhotonics worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Voya Investment Management LLC raised its stake in shares of NeoPhotonics by 20.0% in the second quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after buying an additional 2,749 shares during the period. Citigroup Inc. raised its stake in shares of NeoPhotonics by 35.7% in the second quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock worth $134,000 after buying an additional 4,556 shares during the period. Ameriprise Financial Inc. bought a new position in shares of NeoPhotonics in the second quarter worth about $159,000. The Manufacturers Life Insurance Company raised its stake in shares of NeoPhotonics by 13.6% in the second quarter. The Manufacturers Life Insurance Company now owns 27,099 shares of the semiconductor company’s stock worth $210,000 after buying an additional 3,245 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in shares of NeoPhotonics in the second quarter worth about $234,000. 81.06% of the stock is currently owned by hedge funds and other institutional investors.

NeoPhotonics Corp (NPTN) remained flat at $$6.57 during trading hours on Friday. The stock had a trading volume of 604,976 shares, compared to its average volume of 1,232,338. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.85. NeoPhotonics Corp has a twelve month low of $4.56 and a twelve month high of $14.00.

NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings data on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.09. NeoPhotonics had a negative return on equity of 13.61% and a negative net margin of 11.37%. The firm had revenue of $71.12 million during the quarter, compared to the consensus estimate of $69.94 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue was down 31.2% on a year-over-year basis. analysts forecast that NeoPhotonics Corp will post -0.99 EPS for the current fiscal year.

Several research firms recently issued reports on NPTN. ValuEngine upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a research report on Wednesday. DA Davidson increased their target price on NeoPhotonics to $6.50 and gave the stock a “neutral” rating in a research report on Wednesday. BidaskClub upgraded NeoPhotonics from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, Raymond James Financial cut their target price on NeoPhotonics from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.67.

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NeoPhotonics 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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Institutional Ownership by Quarter for NeoPhotonics (NYSE:NPTN)

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