Neophotonics Corporation (NYSE:NPTN)’s Stock Is Sell After More Market Selling

July 18, 2017 - By Winifred Garcia

 Neophotonics Corporation (NYSE:NPTN)'s Stock Is Sell After More Market Selling

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.07, from 1 in 2016Q3. It fall, as 31 investors sold NeoPhotonics Corp shares while 39 reduced holdings. 22 funds opened positions while 43 raised stakes. 29.29 million shares or 5.97% more from 27.64 million shares in 2016Q3 were reported.
Barclays Public Ltd Liability, United Kingdom-based fund reported 56,603 shares. Blackrock Grp Inc holds 11,340 shares. Highbridge Limited Liability Corp holds 0% of its portfolio in NeoPhotonics Corp (NYSE:NPTN) for 22,009 shares. Commercial Bank Of America Corp De accumulated 124,285 shares or 0% of the stock. Tru Company Of Vermont accumulated 0% or 500 shares. The Texas-based Bridgeway Capital Mngmt Incorporated has invested 0.01% in NeoPhotonics Corp (NYSE:NPTN). Prudential Incorporated holds 0% or 182,760 shares. Alyeska Invest Gru Limited Partnership has invested 0.03% of its portfolio in NeoPhotonics Corp (NYSE:NPTN). Great West Life Assurance Can holds 0% of its portfolio in NeoPhotonics Corp (NYSE:NPTN) for 3,200 shares. Amer Group Incorporated reported 17,727 shares. Hennessy accumulated 350,200 shares. Rhumbline Advisers has invested 0% in NeoPhotonics Corp (NYSE:NPTN). Princeton Mngmt holds 62,572 shares. Bnp Paribas Arbitrage owns 1,897 shares or 0% of their US portfolio. Geode Ltd Co reported 0% stake.

Since May 8, 2017, it had 0 insider purchases, and 6 sales for $7.70 million activity. $185,071 worth of NeoPhotonics Corp (NYSE:NPTN) shares were sold by Wupen Yuen. 92,125 shares valued at $677,202 were sold by Jenks Timothy Storrs on Monday, May 8.

The stock of Neophotonics Corporation (NYSE:NPTN) registered an increase of 13.88% in short interest. NPTN’s total short interest was 8.25 million shares in July as published by FINRA. Its up 13.88% from 7.25M shares, reported previously. With 1.29M shares average volume, it will take short sellers 6 days to cover their NPTN’s short positions. The short interest to Neophotonics Corporation’s float is 26.18%.

It closed at $8.06 lastly. It is down 9.58% since July 18, 2016 and is downtrending. It has underperformed by 26.28% the S&P500.

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The company has market cap of $340.04 million. The Firm develops and makes 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. It currently has negative earnings. The Company’s products are categorized into groups, including High Speed Products and Network Products and Solutions.

NeoPhotonics Corp (NYSE:NPTN) Ratings Coverage

Among 9 analysts covering NeoPhotonics (NYSE:NPTN), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. NeoPhotonics had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Rosenblatt on Thursday, May 25. The company was maintained on Monday, September 12 by Needham. The rating was initiated by Northland Capital on Tuesday, August 18 with “Outperform”. The firm earned “Buy” rating on Monday, June 12 by Needham. The firm earned “Outperform” rating on Monday, August 10 by Raymond James. As per Wednesday, February 3, the company rating was upgraded by Raymond James. Needham maintained it with “Strong Buy” rating and $13 target in Wednesday, March 15 report. Needham maintained the stock with “Strong Buy” rating in Tuesday, December 20 report. Needham maintained NeoPhotonics Corp (NYSE:NPTN) rating on Monday, October 31. Needham has “Strong Buy” rating and $24 target. As per Friday, June 30, the company rating was initiated by DA Davidson.

More news for NeoPhotonics Corp (NYSE:NPTN) were recently published by: Fool.com, which released: “Why NeoPhotonics Corp. Jumped, Fell, and Wobbled Today” on May 05, 2017. Nasdaq.com‘s article titled: “Why NeoPhotonics (NPTN) Stock Might be a Great Pick” and published on July 10, 2017 is yet another important article.

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