Ibex Investors LLC Invests $220,000 in NeoPhotonics Corp (NPTN) Stock

Ibex Investors LLC acquired a new stake in shares of NeoPhotonics Corp (NYSE:NPTN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,565 shares of the semiconductor company’s stock, valued at approximately $220,000. Ibex Investors LLC owned about 0.06% of NeoPhotonics at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of NeoPhotonics by 1,275.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 152,682 shares of the semiconductor company’s stock worth $1,267,000 after acquiring an additional 141,581 shares during the last quarter. Royce & Associates LP increased its stake in shares of NeoPhotonics by 2.5% in the 3rd quarter. Royce & Associates LP now owns 2,450,759 shares of the semiconductor company’s stock worth $20,341,000 after acquiring an additional 59,025 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of NeoPhotonics in the 3rd quarter worth $2,438,000. Walthausen & Co. LLC acquired a new stake in shares of NeoPhotonics in the 3rd quarter worth $1,326,000. Finally, Trexquant Investment LP acquired a new stake in shares of NeoPhotonics in the 3rd quarter worth $215,000. Hedge funds and other institutional investors own 75.96% of the company’s stock.

NPTN has been the subject of a number of recent research reports. Zacks Investment Research raised NeoPhotonics from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Saturday, August 11th. ValuEngine downgraded NeoPhotonics from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 17th. Craig Hallum set a $10.00 price objective on NeoPhotonics and gave the stock a “buy” rating in a research report on Monday, November 5th. Piper Jaffray Companies raised their price objective on NeoPhotonics from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, November 5th. Finally, B. Riley raised their price objective on NeoPhotonics from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Monday, November 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $9.88.

In related news, COO Chiyue Cheung sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $8.11, for a total transaction of $81,100.00. Following the completion of the sale, the chief operating officer now owns 5,000 shares in the company, valued at $40,550. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 16.70% of the company’s stock.

Shares of NPTN opened at $7.74 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.04 and a quick ratio of 1.51. The stock has a market capitalization of $356.42 million, a PE ratio of -7.04 and a beta of 1.19. NeoPhotonics Corp has a 1 year low of $4.95 and a 1 year high of $9.48.

NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings data on Friday, November 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.14. The business had revenue of $81.75 million during the quarter, compared to analysts’ expectations of $82.60 million. NeoPhotonics had a negative return on equity of 26.53% and a negative net margin of 16.60%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) EPS. As a group, sell-side analysts expect that NeoPhotonics Corp will post -0.82 EPS for the current year.

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NeoPhotonics Profile

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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Institutional Ownership by Quarter for NeoPhotonics (NYSE:NPTN)

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