NeoPhotonics Corporation (NPTN) Holdings Raised by Teachers Advisors LLC
Teachers Advisors LLC boosted its holdings in shares of NeoPhotonics Corporation (NYSE:NPTN) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,616 shares of the semiconductor company’s stock after acquiring an additional 2,677 shares during the quarter. Teachers Advisors LLC owned about 0.13% of NeoPhotonics Corporation worth $429,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its stake in shares of NeoPhotonics Corporation by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 114,544 shares of the semiconductor company’s stock valued at $885,000 after buying an additional 722 shares in the last quarter. American International Group Inc. grew its stake in shares of 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. Rhumbline Advisers grew its stake in shares of NeoPhotonics Corporation by 8.4% in the second quarter. Rhumbline Advisers now owns 38,504 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 3,000 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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. Finally, Paloma Partners Management Co acquired a new stake in shares of NeoPhotonics Corporation in the first quarter valued at $103,000. 84.04% of the stock is owned by institutional investors.
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Shares of NeoPhotonics Corporation (NYSE NPTN) opened at $6.41 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. NeoPhotonics Corporation has a fifty-two week low of $4.56 and a fifty-two week high of $14.00.
NeoPhotonics Corporation (NYSE:NPTN) last announced its quarterly earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.09. The company had revenue of $71.12 million during the quarter, compared to the consensus estimate of $69.94 million. NeoPhotonics Corporation had a negative return on equity of 13.61% and a negative net margin of 11.37%. NeoPhotonics Corporation’s revenue for the quarter was down 31.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. equities research analysts anticipate that NeoPhotonics Corporation will post -1.01 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on NPTN shares. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $9.00 price objective on shares of NeoPhotonics Corporation in a research note on Monday, July 24th. Zacks Investment Research cut NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. B. Riley reaffirmed a “neutral” rating and issued a $6.25 price objective on shares of NeoPhotonics Corporation in a research note on Friday, August 4th. BidaskClub lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $8.50 target price on shares of NeoPhotonics Corporation in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. NeoPhotonics Corporation has a consensus rating of “Hold” and an average target price of $8.89.
NeoPhotonics Corporation 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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