NeoPhotonics Corp.’s (NYSE:NPTN) is a San Jose, California-based company engaged in the development, manufacturing and marketing of optoelectronic products that transmit, receive and switch digital optical signals for communications networks. Earlier today, Needham & Company LLC analysts raised their price target on the stock from $20 to $22. The price target raise comes a day after NeoPhotonics hit a 52-week high of $18. Among the funds we track, 17 held $59.65 million worth of NeoPhotonics shares heading into the second quarter, amassing 15.10% of the company’s outstanding shares.
NetSuite Inc. (NYSE:N) hit a 52-week high of $110.28 on Monday. The San Mateo, California-based company has had an excellent year so far, with its shares gaining more than 30%. From its lows in February, the stock has actually bounced back by nearly 60%. A total of 18 funds held $96.82 million worth of NetSuite shares at the end of the June quarter, versus 14 funds that held $195.40 million worth of stock a quarter earlier.