Boston Partners reduced its holdings in shares of NeoPhotonics Corp (NYSE:NPTN) by 12.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 295,000 shares of the semiconductor company’s stock after selling 43,800 shares during the period. Boston Partners’ holdings in NeoPhotonics were worth $1,941,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NPTN. Granite Point Capital Management L.P. raised its position in NeoPhotonics by 8.8% in the third quarter. Granite Point Capital Management L.P. now owns 458,302 shares of the semiconductor company’s stock valued at $2,548,000 after purchasing an additional 36,998 shares during the last quarter. Dimensional Fund Advisors LP raised its position in NeoPhotonics by 26.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,590,387 shares of the semiconductor company’s stock valued at $27,719,000 after purchasing an additional 760,110 shares during the last quarter. Pier 88 Investment Partners LLC raised its position in NeoPhotonics by 29.8% in the fourth quarter. Pier 88 Investment Partners LLC now owns 79,951 shares of the semiconductor company’s stock valued at $526,000 after purchasing an additional 18,365 shares during the last quarter. Russell Investments Group Ltd. raised its position in NeoPhotonics by 2,950.0% in the third quarter. Russell Investments Group Ltd. now owns 280,600 shares of the semiconductor company’s stock valued at $1,560,000 after purchasing an additional 271,400 shares during the last quarter. Finally, Royce & Associates LP raised its position in NeoPhotonics by 2.8% in the third quarter. Royce & Associates LP now owns 1,816,728 shares of the semiconductor company’s stock valued at $10,101,000 after purchasing an additional 49,200 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

NeoPhotonics Corp (NYSE:NPTN) opened at $5.84 on Thursday. NeoPhotonics Corp has a 1 year low of $4.56 and a 1 year high of $12.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.85. The stock has a market capitalization of $247.41, a PE ratio of -6.71 and a beta of 1.12.

Several equities analysts have commented on NPTN shares. Zacks Investment Research downgraded NeoPhotonics from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. DA Davidson set a $7.00 target price on NeoPhotonics and gave the company a “hold” rating in a research report on Thursday, December 7th. ValuEngine upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Rosenblatt Securities set a $13.00 target price on NeoPhotonics and gave the company a “buy” rating in a research report on Tuesday, December 12th. Finally, Piper Jaffray Companies downgraded NeoPhotonics from an “overweight” rating to a “neutral” rating in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. NeoPhotonics has a consensus rating of “Hold” and an average target price of $8.67.

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About NeoPhotonics

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 (NYSE:NPTN)

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