In today’s session NeoPhotonics Corp (NPTN) registered an unusually high (644) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious NPTN increase. With 644 contracts traded and 7274 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: NPTN161118C00012500 closed last at: $0.8 or 220% up. About 77,819 shares traded hands. NeoPhotonics Corp (NYSE:NPTN) has risen 2.71% since April 18, 2016 and is uptrending. It has underperformed by 1.72% the S&P500.
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 rating was downgraded by B. Riley & Co to “Neutral” on Friday, August 7. As per Monday, August 10, the company rating was upgraded by Raymond James. The stock has “Strong Buy” rating given by Raymond James on Wednesday, February 3. On Tuesday, August 18 the stock rating was initiated by Northland Capital with “Outperform”. The rating was maintained by Needham with “Strong Buy” on Monday, September 12. Needham maintained the shares of NPTN in a report on Monday, October 31 with “Strong Buy” rating. The company was downgraded on Friday, November 6 by Raymond James. The rating was maintained by Northland Capital on Monday, December 7 with “Outperform”. The rating was initiated by Piper Jaffray on Tuesday, February 23 with “Overweight”.
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 decreased to 1 in 2016 Q2. Its down 0.45, from 1.45 in 2016Q1. The ratio worsened, 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.
Kistler, a Alabama-based fund reported 17 shares. The New York-based Cornerstone Management Lc has invested 0% in NeoPhotonics Corp (NYSE:NPTN). Wells Fargo And Mn holds 0% or 75,238 shares in its portfolio. Panagora Asset Management Incorporated last reported 0% of its portfolio in the stock. Vanguard Grp has invested 0% of its portfolio in NeoPhotonics Corp (NYSE:NPTN). Teachers Advisors has 0% invested in the company for 46,335 shares. State Board Of Administration Of Florida Retirement Systems reported 30,590 shares or 0% of all its holdings. The Ontario – Canada-based Royal Bancshares Of Canada has invested 0% in NeoPhotonics Corp (NYSE:NPTN). Axa holds 0% or 106,100 shares in its portfolio. Northpointe Limited Company holds 1.78% or 1.58M shares in its portfolio. Rhumbline Advisers accumulated 39,747 shares or 0% of the stock. Springbok Mgmt Limited owns 10,500 shares or 0.01% of their US portfolio. Nationwide Fund Advsrs has 0% invested in the company for 96,773 shares. Renaissance Technology Lc holds 0.02% of its portfolio in NeoPhotonics Corp (NYSE:NPTN) for 1.15 million shares. The Pennsylvania-based Glenmede Tru Com Na has invested 0.09% in NeoPhotonics Corp (NYSE:NPTN).
Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 9 sales for $1.60 million net activity. Another trade for 3,400 shares valued at $51,000 was made by Wupen Yuen on Thursday, August 18. cheung Chiyue had sold 18,000 shares worth $230,710 on Monday, July 25. $340,940 worth of NeoPhotonics Corp (NYSE:NPTN) was sold by Jenks Timothy Storrs on Thursday, August 18. Sitler Benjamin Lee had sold 5,669 shares worth $68,028 on Monday, July 25. 10,000 shares with value of $145,530 were sold by WALLIN RAY on Monday, August 15.
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The company has a market cap of $556.95 million. 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. It currently has negative earnings. The Company’s products are categorized into groups, including High Speed Products and Network Products and Solutions.
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.
More important recent NeoPhotonics Corp (NYSE:NPTN) news were published by: Zacks.com which released: “What Falling Estimates amp; Price Mean for NeoPhotonics Corp. (NPTN)” on November 18, 2016, also Fool.com published article titled: “Why NeoPhotonics Corp. Plunged Today”, Fool.com published: “Why NeoPhotonics Corporation Fell 15% Today” on April 29, 2016. More interesting news about NeoPhotonics Corp (NYSE:NPTN) was released by: Fool.com and their article: “Why NeoPhotonics Corp Shares Jumped Today” with publication date: July 25, 2016.
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