Royce & Associates, LLC 522343049 recently disclosed that they own 10.1% of Newport Corp (NASDAQ:NEWP) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, January 20th. The investor owns 3,886,042 shares of the stock worth about $57,513,422. The filing is available through Edgar at this link.

Separately, Benjamin F. Edwards & Company acquired a new stake in shares of Newport Corp during the fourth quarter valued at about $0.

Shares of Newport Corp (NASDAQ:NEWP) opened at 14.80 on Friday. Newport Corp has a 1-year low of $13.18 and a 1-year high of $20.85. The company has a market cap of $570.92 million and a P/E ratio of 19.47. The firm has a 50-day moving average price of $15.39 and a 200-day moving average price of $15.51.

Newport Corp (NASDAQ:NEWP) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The company earned $147.60 million during the quarter, compared to analyst estimates of $148.01 million. During the same quarter last year, the firm earned $0.33 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Newport Corp will post $1.27 EPS for the current year.

NEWP has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on Newport Corp from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. B. Riley reissued a “buy” rating and set a $22.50 target price on shares of Newport Corp in a research note on Monday, November 2nd. Finally, Zacks Investment Research raised Newport Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, November 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Newport Corp currently has an average rating of “Buy” and a consensus target price of $23.13.

Newport Corporation is a supplier of advanced technology products and systems. The Company operates in three business segments: Photonics Group, Lasers Group and Optics Group. The Company’s Photonics Group’s products and systems include photonics instruments and systems, vibration isolation systems and subsystems, precision positioning systems and subsystems, optical components for research applications, optical hardware, and three-dimensional non-contact measurement sensors and equipment. The lasers and laser-based systems include ultrafast lasers and amplifiers, diode-pumped solid-state lasers, high-energy pulsed lasers, tunable lasers, fiber lasers and gas lasers. In addition, the Company develops laser and laser system designs for product and technology roadmaps. The Company’s Optics Group offers precision optics and lens assemblies, thin-film filters and coatings, replicated mirrors and ruled and holographic diffraction gratings.

12 Month Chart for NASDAQ:NEWP

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