NeoPhotonics Corp (NYSE:NPTN) Short Interest Update

Share on StockTwits

NeoPhotonics Corp (NYSE:NPTN) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 1,317,700 shares, a decrease of 15.6% from the July 15th total of 1,560,500 shares. Based on an average daily trading volume, of 1,480,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 3.1% of the company’s stock are short sold.

In other NeoPhotonics news, CFO Elizabeth Lynne Eby acquired 50,000 shares of NeoPhotonics stock in a transaction on Wednesday, May 29th. The stock was purchased at an average price of $3.57 per share, for a total transaction of $178,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 16.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. White Pine Capital LLC boosted its stake in shares of NeoPhotonics by 27.9% during the second quarter. White Pine Capital LLC now owns 386,950 shares of the semiconductor company’s stock worth $1,617,000 after buying an additional 84,390 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of NeoPhotonics in the second quarter valued at approximately $2,398,000. D. E. Shaw & Co. Inc. grew its position in shares of NeoPhotonics by 244.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 978,374 shares of the semiconductor company’s stock valued at $4,090,000 after purchasing an additional 693,923 shares during the last quarter. Morgan Stanley grew its position in shares of NeoPhotonics by 595.2% in the second quarter. Morgan Stanley now owns 288,008 shares of the semiconductor company’s stock valued at $1,204,000 after purchasing an additional 246,577 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of NeoPhotonics by 89.5% in the second quarter. AQR Capital Management LLC now owns 475,672 shares of the semiconductor company’s stock valued at $1,988,000 after purchasing an additional 224,612 shares during the last quarter. Institutional investors and hedge funds own 71.76% of the company’s stock.

A number of brokerages recently weighed in on NPTN. MKM Partners raised NeoPhotonics from a “neutral” rating to a “buy” rating and raised their price objective for the company from $5.00 to $7.00 in a report on Tuesday, August 6th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of NeoPhotonics in a report on Tuesday, July 16th. ValuEngine upgraded NeoPhotonics from a “hold” rating to a “buy” rating in a research report on Monday. Needham & Company LLC lowered NeoPhotonics from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Northland Securities restated a “buy” rating on shares of NeoPhotonics in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NeoPhotonics currently has a consensus rating of “Buy” and a consensus price target of $7.82.

Shares of NPTN stock traded down $0.12 during mid-day trading on Tuesday, hitting $6.14. The company’s stock had a trading volume of 790,600 shares, compared to its average volume of 1,016,375. NeoPhotonics has a 52-week low of $3.26 and a 52-week high of $9.48. The business has a 50-day moving average price of $5.25 and a 200 day moving average price of $5.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.61 and a current ratio of 2.10. The stock has a market cap of $296.79 million, a price-to-earnings ratio of -8.28 and a beta of 1.61.

NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.12. NeoPhotonics had a negative return on equity of 14.40% and a negative net margin of 10.86%. The firm had revenue of $81.69 million for the quarter, compared to the consensus estimate of $76.91 million. During the same period in the prior year, the business posted ($0.19) earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts predict that NeoPhotonics will post -0.43 EPS for the current fiscal year.

NeoPhotonics Company 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.

Featured Article: Economic Bubble

Receive News & Ratings for NeoPhotonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NeoPhotonics and related companies with MarketBeat.com's FREE daily email newsletter.