NeoPhotonics Sees Unusually High Options Volume (NYSE:NPTN)

NeoPhotonics Corp (NYSE:NPTN) saw unusually large options trading activity on Tuesday. Stock traders bought 762 call options on the company. This represents an increase of 1,261% compared to the typical daily volume of 56 call options.

Shares of NPTN stock traded down $0.07 during midday trading on Wednesday, reaching $6.10. 9,532 shares of the company were exchanged, compared to its average volume of 628,624. NeoPhotonics has a 12 month low of $3.26 and a 12 month high of $9.48. The company has a market cap of $292.52 million, a P/E ratio of -8.24 and a beta of 1.64. The company’s 50 day moving average price is $6.23 and its two-hundred day moving average price is $5.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.61 and a current ratio of 2.10.

NeoPhotonics (NYSE:NPTN) last released its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.09. NeoPhotonics had a negative net margin of 10.86% and a negative return on equity of 14.40%. The company had revenue of $81.69 million for the quarter, compared to the consensus estimate of $76.91 million. During the same period in the previous year, the firm earned ($0.19) EPS. NeoPhotonics’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts predict that NeoPhotonics will post -0.43 earnings per share for the current year.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of NeoPhotonics from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded shares of NeoPhotonics from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Rosenblatt Securities restated a “buy” rating and set a $10.00 price target on shares of NeoPhotonics in a research report on Tuesday, July 16th. Northland Securities restated a “buy” rating on shares of NeoPhotonics in a research report on Tuesday, August 6th. Finally, MKM Partners upgraded shares of NeoPhotonics from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $5.00 to $7.00 in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $7.86.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of NeoPhotonics by 5.7% in the 2nd quarter. BlackRock Inc. now owns 2,666,274 shares of the semiconductor company’s stock worth $11,146,000 after purchasing an additional 143,596 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of NeoPhotonics by 17.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,383,040 shares of the semiconductor company’s stock worth $9,961,000 after purchasing an additional 347,176 shares in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in shares of NeoPhotonics by 16.4% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,529,400 shares of the semiconductor company’s stock worth $6,393,000 after purchasing an additional 215,815 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of NeoPhotonics by 244.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 978,374 shares of the semiconductor company’s stock worth $4,090,000 after purchasing an additional 693,923 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of NeoPhotonics by 35.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 650,506 shares of the semiconductor company’s stock worth $2,720,000 after purchasing an additional 171,154 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

NeoPhotonics Company Profile

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.

Featured Article: How does a reverse stock split work?

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.