Goldman Sachs Group Inc. increased its position in NeoPhotonics Corporation (NYSE:NPTN) by 551.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,566 shares of the semiconductor company’s stock after buying an additional 81,750 shares during the period. Goldman Sachs Group Inc.’s holdings in NeoPhotonics Corporation were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in NeoPhotonics Corporation by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 52,939 shares of the semiconductor company’s stock valued at $572,000 after buying an additional 874 shares in the last quarter. American International Group Inc. boosted its stake in NeoPhotonics Corporation by 7.1% in the first quarter. American International Group Inc. now owns 18,979 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 1,252 shares in the last quarter. Argent Capital Management LLC boosted its stake in NeoPhotonics Corporation by 2.4% in the first quarter. Argent Capital Management LLC now owns 249,425 shares of the semiconductor company’s stock valued at $2,247,000 after buying an additional 5,800 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in NeoPhotonics Corporation by 6.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 113,822 shares of the semiconductor company’s stock valued at $1,026,000 after buying an additional 6,498 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in NeoPhotonics Corporation by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 127,838 shares of the semiconductor company’s stock valued at $1,151,000 after buying an additional 6,581 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Shares of NeoPhotonics Corporation (NYSE:NPTN) traded down 1.65% during trading on Tuesday, reaching $5.97. The company had a trading volume of 187,660 shares. NeoPhotonics Corporation has a 52 week low of $5.77 and a 52 week high of $18.51. The stock’s 50-day moving average price is $7.76 and its 200-day moving average price is $8.86. The company’s market capitalization is $260.52 million.

NeoPhotonics Corporation (NYSE:NPTN) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. The company had revenue of $73.20 million during the quarter, compared to analyst estimates of $71.11 million. During the same period in the previous year, the business earned $0.15 EPS. NeoPhotonics Corporation’s quarterly revenue was down 26.1% on a year-over-year basis. On average, equities analysts expect that NeoPhotonics Corporation will post ($0.59) EPS for the current fiscal year.

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Several analysts recently issued reports on NPTN shares. Northland Securities reiterated a “buy” rating and set a $10.00 target price on shares of NeoPhotonics Corporation in a research report on Friday, June 23rd. Rosenblatt Securities started coverage on NeoPhotonics Corporation in a research report on Thursday, May 25th. They set a “buy” rating and a $13.00 target price for the company. Piper Jaffray Companies reiterated a “buy” rating and set a $8.50 target price on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. Zacks Investment Research upgraded NeoPhotonics Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, B. Riley reiterated a “neutral” rating and set a $6.25 target price on shares of NeoPhotonics Corporation in a research report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. NeoPhotonics Corporation has a consensus rating of “Hold” and a consensus target price of $10.22.

In other news, major shareholder Rusnano sold 180,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $9.18, for a total value of $1,652,400.00. Following the completion of the sale, the insider now directly owns 4,730,005 shares in the company, valued at $43,421,445.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chiyue Cheung sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $7.66, for a total value of $76,600.00. Following the completion of the sale, the chief operating officer now owns 10,000 shares of the company’s stock, valued at $76,600. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 359,300 shares of company stock valued at $3,243,816. 17.30% of the stock is owned by company insiders.

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

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