Market Runner: Could NeoPhotonics Corp Change Direction After Today’s Big Increase?

Market Runner: Could NeoPhotonics Corp Change Direction After Today's Big Increase?

The stock of NeoPhotonics Corp (NYSE:NPTN) is a huge mover today! About 295,581 shares traded hands. NeoPhotonics Corp (NYSE:NPTN) has declined 5.59% since April 14, 2016 and is downtrending. It has underperformed by 10.27% the S&P500.
The move comes after 5 months positive chart setup for the $556.21 million company. It was reported on Nov, 16 by Barchart.com. We have $19.30 PT which if reached, will make NYSE:NPTN worth $272.54 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. Needham maintained the shares of NPTN in a report on Monday, October 31 with “Strong Buy” rating. The company was initiated on Tuesday, February 23 by Piper Jaffray. Raymond James downgraded the shares of NPTN in a report on Friday, November 6 to “Outperform” rating. The stock of NeoPhotonics Corp (NYSE:NPTN) earned “Outperform” rating by Northland Capital on Monday, December 7. The stock of NeoPhotonics Corp (NYSE:NPTN) earned “Outperform” rating by Northland Capital on Tuesday, August 18. The firm has “Strong Buy” rating given on Monday, September 12 by Needham. The firm has “Neutral” rating by B. Riley & Co given on Friday, August 7. The stock of NeoPhotonics Corp (NYSE:NPTN) earned “Outperform” rating by Raymond James on Monday, August 10. As per Wednesday, February 3, the company rating was upgraded by Raymond James.

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 is positive, 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.
Panagora Asset Mngmt Incorporated reported 10,628 shares or 0% of all its holdings. Credit Suisse Ag holds 46,163 shares or 0% of its portfolio. First Personal Financial Svcs accumulated 0% or 518 shares. Suffolk Mgmt Ltd Llc, a New York-based fund reported 252,357 shares. Teacher Retirement Sys Of Texas accumulated 0% or 3,956 shares. Adirondack Research, a New York-based fund reported 442,059 shares. Financial Bank Of New York Mellon Corp accumulated 108,757 shares or 0% of the stock. The Illinois-based Northern has invested 0% in NeoPhotonics Corp (NYSE:NPTN). Amer Gp holds 0% or 17,747 shares in its portfolio. Invesco accumulated 0% or 446,324 shares. Northpointe Cap Ltd Liability Co holds 1.78% or 1.58M shares in its portfolio. Herald Investment Mngmt Ltd has 100,000 shares for 0.4% of their US portfolio. Envestnet Asset has invested 0% of its portfolio in NeoPhotonics Corp (NYSE:NPTN). Friess Assoc Ltd Company last reported 58,000 shares in the company. Swiss Bancorporation holds 0% or 39,300 shares in its portfolio.

Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 9 selling transactions for $1.60 million net activity. Sitler Benjamin Lee had sold 5,669 shares worth $68,028 on Monday, July 25. $207,000 worth of shares were sold by cheung Chiyue on Friday, August 5. Jenks Timothy Storrs sold 22,666 shares worth $340,940. $145,530 worth of shares were sold by WALLIN RAY on Monday, August 15. Wupen Yuen sold $190,935 worth of stock or 12,729 shares.

More recent NeoPhotonics Corp (NYSE:NPTN) news were published by: Fool.com which released: “Why NeoPhotonics Corp. Plunged Today” on November 04, 2016. Also Fool.com published the news titled: “Why NeoPhotonics Corporation Fell 15% Today” on April 29, 2016. Fool.com‘s news article titled: “Why NeoPhotonics Corp Shares Jumped Today” with publication date: July 25, 2016 was also an interesting one.

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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