NeoPhotonics (NYSE:NPTN) Stock Price Passes Above 50 Day Moving Average of $4.37

NeoPhotonics Corp (NYSE:NPTN) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.37 and traded as high as $4.17. NeoPhotonics shares last traded at $4.15, with a volume of 328,138 shares.

NPTN has been the topic of several research analyst reports. ValuEngine lowered shares of NeoPhotonics from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. MKM Partners initiated coverage on shares of NeoPhotonics in a report on Monday, April 29th. They issued a “buy” rating and a $9.00 price objective on the stock. TheStreet upgraded shares of NeoPhotonics from a “d+” rating to a “c” rating in a report on Friday, March 1st. Northland Securities restated a “buy” rating and issued a $11.00 price objective on shares of NeoPhotonics in a report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of NeoPhotonics from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a report on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.91.

The company has a market cap of $185.90 million, a PE ratio of -5.65 and a beta of 1.70. The stock’s fifty day moving average price is $4.28. The company has a quick ratio of 1.51, a current ratio of 1.98 and a debt-to-equity ratio of 0.45.

NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The company had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $79.99 million. NeoPhotonics had a negative net margin of 11.85% and a negative return on equity of 17.55%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.33) earnings per share. Equities research analysts expect that NeoPhotonics Corp will post -0.8 EPS for the current fiscal year.

In other NeoPhotonics news, CFO Elizabeth Lynne Eby purchased 50,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were bought at an average cost of $3.57 per share, for a total transaction of $178,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chiyue Cheung sold 12,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $5.79, for a total transaction of $69,480.00. Following the sale, the chief operating officer now owns 12,000 shares in the company, valued at $69,480. The disclosure for this sale can be found here. 16.00% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in NeoPhotonics by 2.8% during the fourth quarter. BlackRock Inc. now owns 2,347,762 shares of the semiconductor company’s stock worth $15,212,000 after purchasing an additional 63,750 shares during the period. Paradigm Capital Management Inc. NY acquired a new position in shares of NeoPhotonics during the first quarter worth about $8,262,000. JPMorgan Chase & Co. grew its position in shares of NeoPhotonics by 136.0% during the first quarter. JPMorgan Chase & Co. now owns 962,190 shares of the semiconductor company’s stock worth $6,053,000 after buying an additional 554,494 shares in the last quarter. Kennedy Capital Management Inc. grew its position in shares of NeoPhotonics by 19.0% during the first quarter. Kennedy Capital Management Inc. now owns 948,526 shares of the semiconductor company’s stock worth $5,966,000 after buying an additional 151,565 shares in the last quarter. Finally, Cavalry Management Group LLC acquired a new position in shares of NeoPhotonics during the fourth quarter worth about $2,959,000. Institutional investors own 78.35% of the company’s stock.

About NeoPhotonics (NYSE:NPTN)

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.

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