NeoPhotonics Corp (NYSE:NPTN) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 1,560,500 shares, a drop of 11.2% from the June 15th total of 1,758,100 shares. Based on an average daily trading volume, of 1,120,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 3.7% of the shares of the company are short sold.

Shares of NYSE:NPTN traded up $0.01 during midday trading on Tuesday, hitting $4.76. The company’s stock had a trading volume of 590,200 shares, compared to its average volume of 908,979. The business’s 50 day moving average is $4.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.98. The stock has a market cap of $227.26 million, a P/E ratio of -6.43 and a beta of 1.68. NeoPhotonics has a 12-month low of $3.26 and a 12-month high of $9.48.

NeoPhotonics (NYSE:NPTN) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.08). The business had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $79.99 million. NeoPhotonics had a negative return on equity of 17.55% and a negative net margin of 11.85%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.33) earnings per share. Sell-side analysts forecast that NeoPhotonics will post -0.8 EPS for the current year.

Several analysts have recently issued reports on the stock. Needham & Company LLC lowered shares of NeoPhotonics from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th. Craig Hallum lifted their target price on shares of Digimarc from $42.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine upgraded shares of United States Steel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 24th. Finally, TheStreet lowered shares of Unit from a “c-” rating to a “d+” rating in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $7.53.

In other news, COO Chiyue Cheung sold 12,000 shares of NeoPhotonics stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $5.79, for a total value of $69,480.00. Following the sale, the chief operating officer now owns 12,000 shares in the company, valued at $69,480. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Elizabeth Lynne Eby bought 50,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average price of $3.57 per share, for a total transaction of $178,500.00. The disclosure for this purchase can be found here. 16.00% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of NPTN. BlackRock Inc. lifted its stake in shares of NeoPhotonics by 2.8% in the fourth quarter. BlackRock Inc. now owns 2,347,762 shares of the semiconductor company’s stock worth $15,212,000 after buying an additional 63,750 shares in the last quarter. Bank of New York Mellon Corp raised its stake in NeoPhotonics by 5.9% during the fourth quarter. Bank of New York Mellon Corp now owns 146,472 shares of the semiconductor company’s stock worth $949,000 after purchasing an additional 8,130 shares during the period. Northern Trust Corp raised its stake in NeoPhotonics by 1.3% during the fourth quarter. Northern Trust Corp now owns 377,453 shares of the semiconductor company’s stock worth $2,445,000 after purchasing an additional 4,770 shares during the period. Geode Capital Management LLC raised its stake in NeoPhotonics by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 369,350 shares of the semiconductor company’s stock worth $2,393,000 after purchasing an additional 20,906 shares during the period. Finally, Two Sigma Investments LP raised its stake in NeoPhotonics by 143.7% during the fourth quarter. Two Sigma Investments LP now owns 135,042 shares of the semiconductor company’s stock worth $875,000 after purchasing an additional 79,619 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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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