Alphaone Investment Services buys $5,133,965 stake in NeoPhotonics Corp (NPTN)

NeoPhotonics Corp (NPTN) : Alphaone Investment Services scooped up 98,000 additional shares in NeoPhotonics Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 366,450 shares of NeoPhotonics Corp which is valued at $5,133,965.NeoPhotonics Corp makes up approximately 1.96% of Alphaone Investment Services’s portfolio.

Other Hedge Funds, Including , Wfg Advisors Lp boosted its stake in NPTN in the latest quarter, The investment management firm added 1,800 additional shares and now holds a total of 3,800 shares of NeoPhotonics Corp which is valued at $53,238. NeoPhotonics Corp makes up approx 0.01% of Wfg Advisors Lp’s portfolio.New York State Common Retirement Fund boosted its stake in NPTN in the latest quarter, The investment management firm added 68,295 additional shares and now holds a total of 263,220 shares of NeoPhotonics Corp which is valued at $3,687,712. NeoPhotonics Corp makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.Acrospire Investment Management boosted its stake in NPTN in the latest quarter, The investment management firm added 2,224 additional shares and now holds a total of 5,897 shares of NeoPhotonics Corp which is valued at $79,020. NeoPhotonics Corp makes up approx 0.06% of Acrospire Investment Management’s portfolio.Geduld E E boosted its stake in NPTN in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 35,000 shares of NeoPhotonics Corp which is valued at $469,350. NeoPhotonics Corp makes up approx 0.65% of Geduld E E’s portfolio.

NeoPhotonics Corp opened for trading at $14.97 and hit $15.49 on the upside on Thursday, eventually ending the session at $15.25, with a gain of 2.14% or 0.32 points. The heightened volatility saw the trading volume jump to 6,13,848 shares. Company has a market cap of $638 M.

On the company’s financial health, NeoPhotonics Corp reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.13. The company had revenue of $99.13 million for the quarter, compared to analysts expectations of $100.55 million. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on NeoPhotonics Corp. Company shares were Reiterated by Needham on Aug 9, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .Company shares were Upgraded by Needham on Jul 25, 2016 to ” Strong Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $17 .

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.

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