Masters Capital Management LLC lessened its stake in NeoPhotonics Corp (NYSE:NPTN) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,000,000 shares of the semiconductor company’s stock after selling 20,482 shares during the period. Masters Capital Management LLC owned about 4.55% of NeoPhotonics worth $13,160,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Deutsche Bank AG increased its holdings in shares of NeoPhotonics by 236.4% in the fourth quarter. Deutsche Bank AG now owns 178,909 shares of the semiconductor company’s stock valued at $1,175,000 after purchasing an additional 125,720 shares in the last quarter. Needham Investment Management LLC boosted its holdings in shares of NeoPhotonics by 16.7% during the 4th quarter. Needham Investment Management LLC now owns 210,000 shares of the semiconductor company’s stock worth $1,382,000 after buying an additional 30,000 shares during the period. Princeton Capital Management LLC bought a new stake in shares of NeoPhotonics during the 4th quarter worth about $195,000. Virtu Financial LLC bought a new stake in shares of NeoPhotonics during the 4th quarter worth about $131,000. Finally, Royce & Associates LP boosted its holdings in shares of NeoPhotonics by 25.2% during the 4th quarter. Royce & Associates LP now owns 2,274,658 shares of the semiconductor company’s stock worth $14,967,000 after buying an additional 457,930 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.
Several analysts recently commented on NPTN shares. Zacks Investment Research downgraded shares of NeoPhotonics from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Rosenblatt Securities set a $13.00 price objective on shares of NeoPhotonics and gave the company a “buy” rating in a report on Tuesday, December 12th. ValuEngine raised shares of NeoPhotonics from a “sell” rating to a “hold” rating in a report on Friday, December 1st. B. Riley reissued a “neutral” rating and issued a $5.75 price objective (up previously from $5.00) on shares of NeoPhotonics in a report on Friday, March 2nd. Finally, DA Davidson boosted their price objective on shares of NeoPhotonics to $6.50 and gave the company a “neutral” rating in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.86.
NeoPhotonics (NYSE:NPTN) last posted its quarterly earnings data on Thursday, March 1st. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.05). The firm had revenue of $76.90 million for the quarter, compared to analyst estimates of $72.15 million. NeoPhotonics had a negative return on equity of 22.06% and a negative net margin of 18.21%. The company’s quarterly revenue was down 30.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. research analysts forecast that NeoPhotonics Corp will post -0.54 earnings per share for the current year.
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NeoPhotonics Company 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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