Ameriprise Financial Inc. acquired a new stake in NeoPhotonics Corporation (NYSE:NPTN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,601 shares of the semiconductor company’s stock, valued at approximately $159,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in NeoPhotonics Corporation by 8.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,830,277 shares of the semiconductor company’s stock valued at $25,501,000 after acquiring an additional 218,449 shares during the last quarter. Northpointe Capital LLC boosted its position in NeoPhotonics Corporation by 13.5% during the second quarter. Northpointe Capital LLC now owns 1,789,195 shares of the semiconductor company’s stock valued at $13,813,000 after acquiring an additional 212,767 shares during the last quarter. Royce & Associates LP boosted its position in NeoPhotonics Corporation by 12.8% during the second quarter. Royce & Associates LP now owns 1,767,528 shares of the semiconductor company’s stock valued at $13,645,000 after acquiring an additional 200,900 shares during the last quarter. Marshall Wace North America L.P. boosted its position in NeoPhotonics Corporation by 1,394.9% during the second quarter. Marshall Wace North America L.P. now owns 613,493 shares of the semiconductor company’s stock valued at $4,908,000 after acquiring an additional 572,453 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in shares of NeoPhotonics Corporation during the 2nd quarter worth about $4,630,000. Institutional investors and hedge funds own 82.26% of the company’s stock.

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A number of research firms have recently issued reports on NPTN. B. Riley reissued a “neutral” rating and set a $6.25 price objective on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. ValuEngine raised shares of NeoPhotonics Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of NeoPhotonics Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Piper Jaffray Companies reissued a “buy” rating and set a $8.50 price objective on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. Finally, BidaskClub cut shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. NeoPhotonics Corporation presently has a consensus rating of “Hold” and an average price target of $8.89.

Shares of NeoPhotonics Corporation (NPTN) opened at $6.98 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. NeoPhotonics Corporation has a fifty-two week low of $4.56 and a fifty-two week high of $14.00.

NeoPhotonics Corporation (NYSE:NPTN) last posted its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.09. NeoPhotonics Corporation had a negative net margin of 11.37% and a negative return on equity of 13.61%. The company had revenue of $71.12 million for the quarter, compared to analyst estimates of $69.94 million. During the same quarter in the prior year, the business posted $0.06 EPS. The firm’s revenue was down 31.2% compared to the same quarter last year. equities research analysts expect that NeoPhotonics Corporation will post -1.01 EPS for the current year.

About NeoPhotonics Corporation

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.

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Institutional Ownership by Quarter for NeoPhotonics Corporation (NYSE:NPTN)

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