NeoPhotonics Co. (NYSE:NPTN) COO Chiyue Cheung Sells 37,500 Shares

NeoPhotonics Co. (NYSE:NPTN) COO Chiyue Cheung sold 37,500 shares of the stock in a transaction dated Wednesday, April 14th. The stock was sold at an average price of $11.77, for a total value of $441,375.00. Following the sale, the chief operating officer now owns 12,500 shares of the company’s stock, valued at $147,125. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Chiyue Cheung also recently made the following trade(s):

  • On Monday, April 12th, Chiyue Cheung sold 11,500 shares of NeoPhotonics stock. The stock was sold at an average price of $11.73, for a total value of $134,895.00.
  • On Friday, March 26th, Chiyue Cheung sold 11,154 shares of NeoPhotonics stock. The stock was sold at an average price of $11.76, for a total value of $131,171.04.
  • On Thursday, February 11th, Chiyue Cheung sold 13,000 shares of NeoPhotonics stock. The stock was sold at an average price of $12.57, for a total value of $163,410.00.
  • On Tuesday, January 26th, Chiyue Cheung sold 19,500 shares of NeoPhotonics stock. The shares were sold at an average price of $11.82, for a total value of $230,490.00.

NYSE NPTN traded up $0.09 during trading hours on Thursday, hitting $11.57. The company’s stock had a trading volume of 420,146 shares, compared to its average volume of 936,030. NeoPhotonics Co. has a 52 week low of $5.75 and a 52 week high of $14.14. The company has a market capitalization of $587.55 million, a PE ratio of 68.06 and a beta of 1.24. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.18. The company’s 50-day simple moving average is $11.46 and its two-hundred day simple moving average is $9.63.

NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings results on Thursday, February 25th. The semiconductor company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.09. NeoPhotonics had a net margin of 2.26% and a return on equity of 10.55%. The business had revenue of $68.19 million for the quarter, compared to analysts’ expectations of $67.34 million. Research analysts anticipate that NeoPhotonics Co. will post 0.04 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of NeoPhotonics during the 4th quarter worth approximately $39,000. Lazard Asset Management LLC bought a new position in shares of NeoPhotonics during the 4th quarter worth approximately $42,000. Vestor Capital LLC bought a new position in shares of NeoPhotonics during the 4th quarter worth approximately $45,000. GWM Advisors LLC bought a new position in shares of NeoPhotonics during the 4th quarter worth approximately $96,000. Finally, ProShare Advisors LLC bought a new position in shares of NeoPhotonics during the 4th quarter worth approximately $100,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on NPTN shares. Rosenblatt Securities upgraded NeoPhotonics from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 24th. Zacks Investment Research upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 6th. DA Davidson upgraded NeoPhotonics from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $15.00 in a research note on Monday, March 15th. Piper Sandler restated a “neutral” rating and issued a $13.00 target price on shares of NeoPhotonics in a research note on Thursday, February 25th. Finally, B. Riley raised their target price on NeoPhotonics from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Monday, January 11th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $12.50.

About NeoPhotonics

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit and receive high speed digital optical signals for cloud and hyperscale data center internet content provider and telecom networks worldwide. It offers high speed products, including transmitter, receiver, and switching products for 400G and optical transmission applications over distances of 2 to 2,000 kilometers; ultra-narrow linewidth tunable lasers that generate ultra-pure wavelength or color for coherent transmission; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent optical signals.

Featured Article: Back-End Load

Insider Buying and Selling by Quarter for NeoPhotonics (NYSE:NPTN)

Receive News & Ratings for NeoPhotonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NeoPhotonics and related companies with MarketBeat.com's FREE daily email newsletter.