NeoPhotonics Corp Director Buys $53,811 in Stock (NPTN)
NeoPhotonics Corp (NASDAQ:NPTN) Director Charles J. Abbe acquired 20,383 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average cost of $2.64 per share, with a total value of $53,811.12. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $105,600. The purchase was disclosed in a filing with the SEC, which is available at this link.
NeoPhotonics Corp (NASDAQ:NPTN) traded down 3.24% on Friday, hitting $2.69. 87,827 shares of the company’s stock traded hands. NeoPhotonics Corp has a 1-year low of $2.20 and a 1-year high of $8.50. The stock’s 50-day moving average is $3.29 and its 200-day moving average is $5.54. The company’s market cap is $87.6 million.
NeoPhotonics Corp (NASDAQ:NPTN) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.24) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.20) by $0.04. During the same quarter last year, the company posted ($0.11) earnings per share. On average, analysts predict that NeoPhotonics Corp will post $-0.69 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of NeoPhotonics Corp in a research note on Friday, August 8th. They now have a $4.00 price target on the stock, down previously from $5.00. Separately, analysts at Needham & Company LLC cut their price target on shares of NeoPhotonics Corp from $10.00 to $7.00 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock. Finally, analysts at B. Riley reiterated a “buy” rating on shares of NeoPhotonics Corp in a research note on Tuesday, June 17th. They now have a $7.75 price target on the stock, down previously from $9.00. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. NeoPhotonics Corp has an average rating of “Hold” and a consensus price target of $5.81.
NeoPhotonics Corporation is a designer and manufacturer of photonic integrated circuit (NASDAQ:NPTN)-based modules and subsystems for bandwidth-intensive, high-speed communications networks.
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