NeoPhotonics Corp (NPTN) : Awm Investment Company reduced its stake in NeoPhotonics Corp by 12.93% during the most recent quarter end. The investment management company now holds a total of 1,753,538 shares of NeoPhotonics Corp which is valued at $21,323,022 after selling 260,507 shares in NeoPhotonics Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.NeoPhotonics Corp makes up approximately 4.35% of Awm Investment Company’s portfolio.
Other Hedge Funds, Including , Sandler Capital Management added NPTN to its portfolio by purchasing 273,270 company shares during the most recent quarter which is valued at $3,322,963. NeoPhotonics Corp makes up approx 0.58% of Sandler Capital Management’s portfolio. Ridgeworth Capital Management added NPTN to its portfolio by purchasing 14,607 company shares during the most recent quarter which is valued at $164,475.Rhumbline Advisers reduced its stake in NPTN by selling 3,635 shares or 9.15% in the most recent quarter. The Hedge Fund company now holds 36,112 shares of NPTN which is valued at $420,344.Shinko Asset Management Ltd. reduced its stake in NPTN by selling 73,989 shares or 25.97% in the most recent quarter. The Hedge Fund company now holds 210,890 shares of NPTN which is valued at $3,260,359. NeoPhotonics Corp makes up approx 0.02% of Shinko Asset Management Ltd.’s portfolio.
NeoPhotonics Corp opened for trading at $13.3 and hit $13.44 on the upside on Monday, eventually ending the session at $13.44, with a gain of 1.20% or 0.16 points. The heightened volatility saw the trading volume jump to 7,80,132 shares. Company has a market cap of $569 M.
On the company’s financial health, NeoPhotonics Corp reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.14. The company had revenue of $103.31 million for the quarter, compared to analysts expectations of $104.04 million. The company’s revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Many Wall Street Analysts have commented on NeoPhotonics Corp. Company shares were Reiterated by Needham on Oct 31, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .Company shares were Reiterated by Needham on Sep 12, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .
NeoPhotonics Corporation develops manufactures and markets optoelectronic products that transmit receive and switch digital optical signals for communications networks. The Company produces photonic integrated circuits (PICs) that comprise both arrayed and individual photonic functional elements using optimized materials systems and processes from its in-house Silicon Indium Phosphide and Gallium Arsenide wafer fabrication. These individual PICs from different materials are then combined using hybrid integration technology to make complete products such as its Integrated Coherent Receiver (ICR) for 100G coherent transport applications. The Company’s customers include Alcatel-Lucent SA Ciena Corporation Cisco Systems Inc. and Huawei Technologies Co. Ltd. Its products are categorized into groups including High Speed Products and Network Products and Solutions. The high speed 100G and beyond products are based on its Advanced Hybrid Photonic Integration technology.