Neophotonics Corp (NYSE:NPTN) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Neophotonics Corp (NYSE:NPTN) reported that Rusnano has picked up 4,222,905 of common stock as of 2017-06-02.

The acquisition brings the aggregate amount owned by Rusnano to a total of 4,222,905 representing less than 9.8% stake in the company.

For those not familiar with the company, 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. The Company’s products are categorized into groups, including High Speed Products and Network Products and Solutions. The High Speed Products includes products designed for 100G and beyond for telecommunication and datacenter or content provider networks and applications. Its Network Products and Solutions consist of various products designed for applications below 100G, and include 40G products. The Company combines its transmitter and receiver products into Transceiver modules.

A glance at Neophotonics Corp (NYSE:NPTN)’s key stats reveals a current market capitalization of 401.17 Million based on 43.08 Million shares outstanding and a price at last close of $9.12 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-05-27, Carano picked up 275,862 at a purchase price of $7.25. This brings their total   holding to 5,470,780 as of the date of the filing.

On the sell side, the most recent transaction saw Rusnano unload 26,000 shares at a sale price of $9.07. This brings their total holding to 4,661,005.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Neophotonics Corp (NYSE:NPTN) as things move forward to see if its progress aligns with these transactions.

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