TIAA CREF Investment Management LLC Purchases 4,194 Shares of NeoPhotonics Corporation (NPTN)

TIAA CREF Investment Management LLC raised its position in shares of NeoPhotonics Corporation (NYSE:NPTN) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,675 shares of the semiconductor company’s stock after purchasing an additional 4,194 shares during the period. TIAA CREF Investment Management LLC owned 0.20% of NeoPhotonics Corporation worth $661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of NeoPhotonics Corporation by 8.4% in the 1st 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 in the last quarter. Northpointe Capital LLC raised its stake in shares of NeoPhotonics Corporation by 13.5% in the 2nd 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 in the last quarter. Royce & Associates LP raised its stake in shares of NeoPhotonics Corporation by 12.8% in the 2nd 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 in the last quarter. Marshall Wace North America L.P. raised its stake in shares of NeoPhotonics Corporation by 1,394.9% in the 2nd 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 in the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in shares of NeoPhotonics Corporation in the 2nd quarter valued at approximately $4,630,000. 84.04% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on NPTN shares. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $9.00 price objective on shares of NeoPhotonics Corporation in a research note on Monday, July 24th. Zacks Investment Research downgraded NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. B. Riley reissued a “neutral” rating and issued a $6.25 price objective on shares of NeoPhotonics Corporation in a research note on Friday, August 4th. BidaskClub downgraded NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $8.50 price objective on shares of NeoPhotonics Corporation in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.89.

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Shares of NeoPhotonics Corporation (NYSE NPTN) opened at $6.32 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.25. 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 released its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.09. The firm had revenue of $71.12 million for the quarter, compared to analyst estimates of $69.94 million. NeoPhotonics Corporation had a negative return on equity of 13.61% and a negative net margin of 11.37%. The company’s revenue was down 31.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. sell-side analysts predict that NeoPhotonics Corporation will post -1.01 EPS for the current year.

NeoPhotonics Corporation Company Profile

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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