Bank of Montreal Can boosted its position in shares of NeoPhotonics Corp (NYSE:NPTN) by 23.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 85,122 shares of the semiconductor company’s stock after acquiring an additional 16,061 shares during the quarter. Bank of Montreal Can owned about 0.19% of NeoPhotonics worth $707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fox Run Management L.L.C. purchased a new stake in NeoPhotonics during the 3rd quarter worth approximately $100,000. IPG Investment Advisors LLC purchased a new stake in NeoPhotonics during the 2nd quarter worth approximately $125,000. Dynamic Technology Lab Private Ltd purchased a new stake in NeoPhotonics during the 2nd quarter worth approximately $244,000. JPMorgan Chase & Co. increased its stake in NeoPhotonics by 485.2% during the 1st quarter. JPMorgan Chase & Co. now owns 57,695 shares of the semiconductor company’s stock worth $395,000 after buying an additional 47,836 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in NeoPhotonics during the 2nd quarter worth approximately $471,000. 75.96% of the stock is owned by institutional investors.

NPTN traded down $0.05 during trading hours on Friday, reaching $6.44. The company’s stock had a trading volume of 1,790,104 shares, compared to its average volume of 793,038. NeoPhotonics Corp has a fifty-two week low of $4.95 and a fifty-two week high of $9.48. The stock has a market capitalization of $298.86 million, a PE ratio of -5.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 2.04.

NeoPhotonics (NYSE:NPTN) last released its quarterly earnings data on Friday, November 2nd. The semiconductor company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.14. NeoPhotonics had a negative return on equity of 26.53% and a negative net margin of 16.60%. The firm had revenue of $81.75 million for the quarter, compared to analysts’ expectations of $82.60 million. During the same period in the prior year, the firm posted ($0.14) earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts forecast that NeoPhotonics Corp will post -0.82 earnings per share for the current fiscal year.

In related news, COO Chiyue Cheung sold 10,000 shares of the company’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 value of $81,100.00. Following the transaction, the chief operating officer now directly owns 5,000 shares in the company, valued at $40,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.70% of the company’s stock.

Several equities research analysts have commented on NPTN shares. ValuEngine lowered NeoPhotonics from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research upgraded NeoPhotonics from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Saturday, August 11th. B. Riley boosted their target price on NeoPhotonics from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, November 5th. Craig Hallum set a $10.00 target price on NeoPhotonics and gave the stock a “buy” rating in a report on Monday, November 5th. Finally, Piper Jaffray Companies boosted their target price on NeoPhotonics from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, November 5th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. NeoPhotonics presently has a consensus rating of “Buy” and a consensus price target of $9.53.

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About NeoPhotonics

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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