Published on 7 Mar 2022 on Insider Monkey via Yahoo Finance

Here’s Why Wasatch Global Investors ‘Decided to Exit’ NeoPhotonics (NPTN)

Wasatch Global Investors, an investment management firm, published its "Wasatch Micro Cap Fund" fourth quarter 2021 investor letter – a copy of which can be downloaded here. The Wasatch Micro Cap Fund—Investor Class slipped -0.44% for the fourth quarter. The benchmark Russell Microcap® Index posted a larger decline of -2.66%, while small, mid, and large-cap benchmarks generally posted gains for the same period. With risk aversion and uncertainty elevated, cautious investors sought the perceived safety of larger companies. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Wasatch Micro Cap Fund, in its Q4 2021 investor letter, mentioned NeoPhotonics Corporation (NYSE: NPTN) and discussed its stance on the firm. NeoPhotonics Corporation is a San Jose, California-based lasers and optoelectronic solutions provider with an $811.7 million market capitalization. NPTN delivered a -0.59% return since the beginning of the year, while its 12-month returns are up by 74.43%. The stock closed at $15.28 per share on March 03, 2022.

Here is what Wasatch Micro Cap Fund has to say about NeoPhotonics Corporation in its Q4 2021 investor letter: