Capital Fund Management S.A. Purchases Shares of 10,800 NeoPhotonics Corp. (NPTN)

Capital Fund Management S.A. bought a new position in NeoPhotonics Corp. (NYSE:NPTN) during the second quarter, Holdings Channel reports. The fund bought 10,800 shares of the company’s stock, valued at approximately $103,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in shares of NeoPhotonics Corp. during the first quarter worth about $11,871,000. AlphaOne Investment Services LLC bought a new stake in shares of NeoPhotonics Corp. during the first quarter worth about $3,768,000. Bogle Investment Management L P DE raised its stake in shares of NeoPhotonics Corp. by 66.7% in the first quarter. Bogle Investment Management L P DE now owns 577,363 shares of the company’s stock worth $8,106,000 after buying an additional 231,078 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of NeoPhotonics Corp. during the first quarter worth about $1,811,000. Finally, American Century Companies Inc. raised its stake in shares of NeoPhotonics Corp. by 77.5% in the second quarter. American Century Companies Inc. now owns 292,295 shares of the company’s stock worth $2,786,000 after buying an additional 127,666 shares during the period. Institutional investors own 78.98% of the company’s stock.

Institutional Ownership by Quarter for NeoPhotonics Corp. (NYSE:NPTN)

NeoPhotonics Corp. (NYSE:NPTN) traded up 0.54% on Monday, reaching $14.85. 424,398 shares of the company’s stock traded hands. The stock has a market capitalization of $620.95 million, a price-to-earnings ratio of 97.70 and a beta of 0.77. NeoPhotonics Corp. has a 52 week low of $7.16 and a 52 week high of $18.51. The firm has a 50-day moving average price of $16.30 and a 200-day moving average price of $12.73.

NeoPhotonics Corp. (NYSE:NPTN) last announced its earnings results on Monday, August 8th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The business earned $99.13 million during the quarter, compared to the consensus estimate of $101.82 million. NeoPhotonics Corp. had a return on equity of 7.67% and a net margin of 1.82%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. On average, analysts predict that NeoPhotonics Corp. will post $0.68 earnings per share for the current year.

NPTN has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of NeoPhotonics Corp. in a report on Thursday, August 18th. TheStreet raised shares of NeoPhotonics Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $20.00 price objective (up from $17.00) on shares of NeoPhotonics Corp. in a report on Friday, October 7th. B. Riley reaffirmed a “neutral” rating and set a $12.75 price objective on shares of NeoPhotonics Corp. in a report on Tuesday, August 9th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of NeoPhotonics Corp. in a report on Sunday, July 17th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. NeoPhotonics Corp. has an average rating of “Buy” and an average target price of $15.71.

In related news, VP Yuen Wupen sold 3,400 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $15.00, for a total value of $51,000.00. Following the completion of the transaction, the vice president now directly owns 21,908 shares of the company’s stock, valued at approximately $328,620. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Benjamin Lee Sitler sold 5,669 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $12.00, for a total value of $68,028.00. Following the completion of the transaction, the senior vice president now directly owns 68,009 shares of the company’s stock, valued at $816,108. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

NeoPhotonics Corp. 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.

5 Day Chart for NYSE:NPTN

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