Newport Corp. Lands $7 Million in Orders

Newport Corp. said it received orders totaling more than $7 million for high-precision optical products from three undisclosed semiconductor capital-equipment companies.

But the Irvine company’s stock, which has been soaring this year, slumped $16.31 a share, or 14.5%, to $96.13 in Nasdaq trading. Despite that decline, the stock has moved up more than sixfold so far this year.

Newport makes precision components.