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NeoPhotonics Corp (NASDAQ:NPTN) Director Charles J. Abbe acquired 40,000 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $2.69 per share, for a total transaction of $107,600.00. Following the completion of the acquisition, the director now directly owns 40,000 shares in the company, valued at approximately $107,600. The purchase was disclosed in a document filed with the SEC, which is available at this link.

NeoPhotonics Corp (NASDAQ:NPTN) traded down 3.24% on Friday, hitting $2.69. The stock had a trading volume of 87,827 shares. NeoPhotonics Corp has a one year low of $2.20 and a one 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 (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.04. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Analysts expect that NeoPhotonics Corp will post $-0.69 EPS for the current fiscal year.

A number of analysts have recently weighed in on NPTN shares. 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 research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. NeoPhotonics Corp currently has a consensus rating of “Hold” and an average target price 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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