Neophotonics Corp (NPTN) Files Form 4 Insider Selling : Ray Wallin Sells 17,664 Shares

Neophotonics Corp (NPTN): Ray Wallin , SVP, CFO of Neophotonics Corp sold 17,664 shares on Apr 11, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $13.61 per share for a total value of $238,936.97 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.NeoPhotonics Corp is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 16 from a previous price target of $12 .The Rating was issued on Mar 2, 2016.NeoPhotonics Corp is Initiated by Piper Jaffray to Overweight and the brokerage firm has set the Price Target at $13. The Rating was issued on Feb 23, 2016.NeoPhotonics Corp is Upgraded by Raymond James to Strong Buy. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 3, 2016.

Currently the company Insiders own 18.3% of NeoPhotonics Corp shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -24.94%.Institutional Investors own 67.64% of NeoPhotonics Corp shares.During last six month period, the net percent change held by insiders has seen a change of -26.72%.

Shares of NeoPhotonics Corp (NPTN) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.2 points or -1.43% at $13.76 with 6,15,709 shares getting traded. Post opening the session at $13.96, the shares hit an intraday low of $13.69 and an intraday high of $14.23 and the price vacillated in this range throughout the day. The company has a market cap of $566 M and the number of outstanding shares has been calculated to be 4,11,00,326 shares. The 52-week high of NeoPhotonics Corp is $14.6 and the 52-week low is $5.35.

NeoPhotonics Corp Money Flow Index Chart

NeoPhotonics Corporation develops manufactures and markets optoelectronic products that transmit receive and switch digital optical signals for communications networks. The Company produces photonic integrated circuits (PICs) that comprise both arrayed and individual photonic functional elements using optimized materials systems and processes from its in-house Silicon Indium Phosphide and Gallium Arsenide wafer fabrication. These individual PICs from different materials are then combined using hybrid integration technology to make complete products such as its Integrated Coherent Receiver (ICR) for 100G coherent transport applications. The Company’s customers include Alcatel-Lucent SA Ciena Corporation Cisco Systems Inc. and Huawei Technologies Co. Ltd. Its products are categorized into groups including High Speed Products and Network Products and Solutions. The high speed 100G and beyond products are based on its Advanced Hybrid Photonic Integration technology.

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