Swiss National Bank acquired a new position in Applied Optoelectronics, Inc. (NASDAQ:AAOI) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 27,200 shares of the semiconductor company’s stock, valued at approximately $1,681,000. Swiss National Bank owned approximately 0.14% of Applied Optoelectronics at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Alps Advisors Inc. lifted its holdings in Applied Optoelectronics by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,937 shares of the semiconductor company’s stock worth $614,000 after buying an additional 26 shares in the last quarter. Legal & General Group Plc increased its position in shares of Applied Optoelectronics by 3.6% in the 1st quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock worth $248,000 after purchasing an additional 153 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its position in shares of Applied Optoelectronics by 7.9% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,100 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 300 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Applied Optoelectronics by 3.1% in the 1st quarter. Nationwide Fund Advisors now owns 10,566 shares of the semiconductor company’s stock worth $593,000 after purchasing an additional 315 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Applied Optoelectronics by 2.3% in the 1st quarter. Teachers Advisors LLC now owns 29,403 shares of the semiconductor company’s stock worth $1,651,000 after purchasing an additional 668 shares during the last quarter. Hedge funds and other institutional investors own 81.59% of the company’s stock.

Shares of Applied Optoelectronics, Inc. (AAOI) opened at 58.17 on Monday. The stock has a 50 day moving average of $61.12 and a 200 day moving average of $63.78. The company has a market cap of $1.12 billion, a P/E ratio of 13.82 and a beta of 3.06. Applied Optoelectronics, Inc. has a 52-week low of $18.85 and a 52-week high of $103.41.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.28. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The firm had revenue of $117.40 million during the quarter, compared to the consensus estimate of $117.34 million. During the same period in the prior year, the firm earned $0.16 EPS. The business’s revenue was up 112.3% on a year-over-year basis. On average, equities analysts anticipate that Applied Optoelectronics, Inc. will post $5.32 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Vetr downgraded shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $72.50 target price for the company. in a research report on Monday, August 7th. Roth Capital boosted their target price on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Cowen and Company reissued an “outperform” rating and issued a $100.00 target price (up previously from $94.00) on shares of Applied Optoelectronics in a research report on Friday, July 14th. Finally, Needham & Company LLC boosted their target price on shares of Applied Optoelectronics from $100.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Applied Optoelectronics currently has a consensus rating of “Buy” and an average target price of $80.98.

In other news, Director Chewei Lin sold 7,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $58.00, for a total transaction of $406,000.00. Following the completion of the transaction, the director now directly owns 45,638 shares of the company’s stock, valued at approximately $2,647,004. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shu-Hua (Joshua) Yeh sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $92.51, for a total transaction of $1,850,200.00. Following the transaction, the insider now directly owns 89,742 shares of the company’s stock, valued at $8,302,032.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,633 shares of company stock valued at $2,818,825. Insiders own 8.19% of the company’s stock.

Applied Optoelectronics Profile

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

Institutional Ownership by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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