The stock of NeoPhotonics Corp (NYSE:NPTN) is a huge mover today! About 452,751 shares traded hands. NeoPhotonics Corp (NYSE:NPTN) has declined 22.07% since April 5, 2016 and is downtrending. It has underperformed by 24.02% the S&P500.
The move comes after 5 months positive chart setup for the $526.17M company. It was reported on Nov, 8 by Barchart.com. We have $20.15 PT which if reached, will make NYSE:NPTN worth $347.27 million more.
NeoPhotonics Corp (NYSE:NPTN) Ratings Coverage
Out of 6 analysts covering NeoPhotonics (NYSE:NPTN), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. NeoPhotonics has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Strong Buy” rating given by Raymond James on Wednesday, February 3. On Tuesday, February 23 the stock rating was initiated by Piper Jaffray with “Overweight”. The firm has “Outperform” rating by Northland Capital given on Tuesday, August 18. Needham maintained the shares of NPTN in a report on Monday, October 31 with “Strong Buy” rating. The stock of NeoPhotonics Corp (NYSE:NPTN) earned “Outperform” rating by Raymond James on Monday, August 10. The stock of NeoPhotonics Corp (NYSE:NPTN) has “Outperform” rating given on Monday, December 7 by Northland Capital. The rating was downgraded by Raymond James on Friday, November 6 to “Outperform”. The stock of NeoPhotonics Corp (NYSE:NPTN) has “Strong Buy” rating given on Monday, September 12 by Needham. The rating was downgraded by B. Riley & Co to “Neutral” on Friday, August 7.
According to Zacks Investment Research, “NeoPhotonics Corporation is engaged in the design and manufacture of photonic integrated circuit, or PIC, based modules and subsystems for bandwidth-intensive, high-speed communications networks. Products offered by the Company includes high-speed products that enable data transmission at 10Gbps, 40Gbps and 100Gbps, agility products such as ROADMs that dynamically allocate bandwidth to adjust for volatile traffic patterns, and access products that provide high-bandwidth connections to more devices and people over fixed and wireless networks.”
Insitutional Activity: The institutional sentiment increased to 1.45 in 2016 Q2. Its up 0.13, from 1.32 in 2016Q1. The ratio increased, as 27 funds sold all NeoPhotonics Corp shares owned while 29 reduced positions. 27 funds bought stakes while 54 increased positions. They now own 26.69 million shares or 5.95% more from 25.19 million shares in 2016Q1.
Blackrock Ltd Liability Corp holds 0% of its portfolio in NeoPhotonics Corp (NYSE:NPTN) for 126,505 shares. Voya Inv Management Llc has 13,720 shares for 0% of their US portfolio. Tfs Capital Limited Co holds 98,378 shares or 0.17% of its portfolio. Moreover, Masters Capital Management Limited Liability Com has 0.3% invested in NeoPhotonics Corp (NYSE:NPTN) for 1.07M shares. Marvin And Palmer Associates last reported 2.85% of its portfolio in the stock. Moreover, Dimensional Fund Advsrs L P has 0.01% invested in NeoPhotonics Corp (NYSE:NPTN) for 1.90 million shares. Gsa Cap Prns Llp holds 0.03% or 57,917 shares in its portfolio. Blackrock Fund Advisors has 0% invested in the company for 796,715 shares. Gru One Trading L P last reported 0% of its portfolio in the stock. Geduld E E last reported 35,000 shares in the company. Alliancebernstein Lp has 0% invested in the company for 25,400 shares. Kistler accumulated 0% or 17 shares. Herald Inv Management Limited owns 100,000 shares or 0.4% of their US portfolio. Wells Fargo And Mn last reported 0% of its portfolio in the stock. Moreover, Analytic Invsts Ltd Com has 0% invested in NeoPhotonics Corp (NYSE:NPTN) for 33,152 shares.
Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 9 selling transactions for $1.60 million net activity. The insider Wupen Yuen sold 12,729 shares worth $190,935. The insider Sitler Benjamin Lee sold 5,669 shares worth $68,028. Jenks Timothy Storrs had sold 7,333 shares worth $108,462 on Monday, August 15. 17,500 shares were sold by cheung Chiyue, worth $259,000. $145,530 worth of NeoPhotonics Corp (NYSE:NPTN) was sold by WALLIN RAY.
More notable recent NeoPhotonics Corp (NYSE:NPTN) news were published by: Foxbusiness.com which released: “Why NeoPhotonics Corp. Plunged Today” on November 04, 2016, also Fool.com with their article: “Why NeoPhotonics Corporation Fell 15% Today” published on April 29, 2016, Fool.com published: “Why NeoPhotonics Corp Shares Jumped Today” on July 25, 2016. More interesting news about NeoPhotonics Corp (NYSE:NPTN) were released by: Seekingalpha.com and their article: “NeoPhotonics’ (NPTN) CEO Tim Jenks on Q3 2016 Results – Earnings Call Transcript” published on November 04, 2016 as well as Reuters.com‘s news article titled: “BRIEF-NeoPhotonics corp entered amendment to revolving credit and term loa…” with publication date: October 06, 2016.
NPTN Company Profile
NeoPhotonics Corporation, incorporated on October 31, 1996, develops, makes and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Firm develops and makes 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. The Company’s products are categorized into groups, including High Speed Products and Network Products and Solutions. High Speed Products include products designed for 100G and beyond for telecom and datacenter or content well-known provider networks and applications. Network Products and Solutions consist of various products designed for applications below 100G, and include 40G products. The Firm combines its transmitter and receiver products into Transceiver modules. The Company’s Switching Products, such as Multi-Cast Switches, are used primarily in Reconfigurable Optical Add Drop Multiplexer (ROADM) nodes that allocate bandwidth to adjust for fast changing traffic patterns and for provisioning software defined networks.
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