Insider Selling: NeoPhotonics Co. (NYSE:NPTN) CEO Sells $267,338.85 in Stock


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NeoPhotonics Co. (NYSE:NPTN) CEO Timothy Storrs Jenks sold 21,473 shares of the business’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $12.45, for a total value of $267,338.85. Following the transaction, the chief executive officer now owns 508,250 shares of the company’s stock, valued at $6,327,712.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE NPTN opened at $11.88 on Thursday. The stock has a market capitalization of $603.29 million, a P/E ratio of 69.89 and a beta of 1.24. NeoPhotonics Co. has a 1 year low of $5.75 and a 1 year high of $14.14. The business’s fifty day moving average is $11.57 and its two-hundred day moving average is $9.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.93 and a current ratio of 2.36.

NeoPhotonics (NYSE:NPTN) last posted its quarterly earnings results on Thursday, February 25th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.09. The company had revenue of $68.19 million for the quarter, compared to analysts’ expectations of $67.34 million. NeoPhotonics had a return on equity of 10.55% and a net margin of 2.26%. On average, research analysts forecast that NeoPhotonics Co. will post 0.04 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of NPTN. Truvestments Capital LLC bought a new position in shares of NeoPhotonics in the fourth quarter valued at $39,000. Lazard Asset Management LLC acquired a new stake in NeoPhotonics during the 4th quarter valued at $42,000. Vestor Capital LLC acquired a new stake in NeoPhotonics during the 4th quarter valued at $45,000. Brinker Capital Investments LLC acquired a new stake in NeoPhotonics during the 3rd quarter valued at $70,000. Finally, Marshall Wace LLP raised its stake in NeoPhotonics by 4,963.0% during the 1st quarter. Marshall Wace LLP now owns 15,037 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 14,740 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on the company. TheStreet downgraded NeoPhotonics from a “b-” rating to a “c” rating in a research report on Thursday, April 1st. B. Riley upped their target price on NeoPhotonics from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Monday, January 11th. They noted that the move was a valuation call. Rosenblatt Securities upgraded NeoPhotonics from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 24th. Northland Securities restated a “buy” rating and issued a $18.00 target price on shares of NeoPhotonics in a research report on Monday, February 22nd. Finally, Needham & Company LLC upped their target price on NeoPhotonics from $9.00 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $12.50.

About NeoPhotonics

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit and receive high speed digital optical signals for cloud and hyperscale data center internet content provider and telecom networks worldwide. It offers high speed products, including transmitter, receiver, and switching products for 400G and optical transmission applications over distances of 2 to 2,000 kilometers; ultra-narrow linewidth tunable lasers that generate ultra-pure wavelength or color for coherent transmission; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent optical signals.

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Insider Buying and Selling by Quarter for NeoPhotonics (NYSE:NPTN)

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