Advisor Group Inc. Boosts Position in Applied Optoelectronics, Inc. (AAOI)
Advisor Group Inc. boosted its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 82.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,505 shares of the semiconductor company’s stock after acquiring an additional 1,131 shares during the quarter. Advisor Group Inc.’s holdings in Applied Optoelectronics were worth $155,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in Applied Optoelectronics during the second quarter valued at $563,000. California Public Employees Retirement System increased its position in Applied Optoelectronics by 16.8% during the second quarter. California Public Employees Retirement System now owns 46,600 shares of the semiconductor company’s stock valued at $2,879,000 after acquiring an additional 6,700 shares during the last quarter. MML Investors Services LLC increased its position in Applied Optoelectronics by 228.5% during the second quarter. MML Investors Services LLC now owns 13,077 shares of the semiconductor company’s stock valued at $808,000 after acquiring an additional 9,096 shares during the last quarter. FMR LLC purchased a new stake in Applied Optoelectronics during the second quarter valued at $45,101,000. Finally, Vanguard Group Inc. increased its position in Applied Optoelectronics by 49.8% during the second quarter. Vanguard Group Inc. now owns 953,505 shares of the semiconductor company’s stock valued at $58,917,000 after acquiring an additional 317,033 shares during the last quarter. Institutional investors own 81.59% of the company’s stock.
Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) opened at 41.47 on Friday. The firm has a 50-day moving average price of $57.72 and a 200-day moving average price of $63.42. The stock has a market cap of $800.50 million, a PE ratio of 9.85 and a beta of 3.06. Applied Optoelectronics, Inc. has a 12 month low of $18.85 and a 12 month high of $103.41.
Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.28. The business had revenue of $117.40 million during the quarter, compared to analyst estimates of $117.34 million. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The company’s revenue was up 112.3% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. Equities analysts forecast that Applied Optoelectronics, Inc. will post $4.62 EPS for the current year.
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A number of research firms recently commented on AAOI. Zacks Investment Research cut Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 17th. ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. Northland Securities set a $40.00 price objective on Applied Optoelectronics and gave the company a “sell” rating in a research report on Sunday, October 15th. BWS Financial set a $25.00 price objective on Applied Optoelectronics and gave the company a “sell” rating in a research report on Sunday, October 15th. Finally, Cowen and Company reiterated an “outperform” rating and set a $81.00 price objective (down previously from $102.00) on shares of Applied Optoelectronics in a research report on Friday, October 13th. Four analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and four have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $70.42.
In other Applied Optoelectronics news, Director Chewei Lin sold 7,000 shares of Applied Optoelectronics stock in a transaction dated Monday, September 11th. The stock was 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 owns 45,638 shares in the company, valued at approximately $2,647,004. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David C. Kuo sold 578 shares of Applied Optoelectronics stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $96.47, for a total value of $55,759.66. Following the transaction, the general counsel now owns 23,753 shares of the company’s stock, valued at approximately $2,291,451.91. The disclosure for this sale can be found here. Insiders have sold a total of 15,633 shares of company stock valued at $1,029,245 in the last quarter. Company 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.
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