SG Americas Securities LLC Acquires Shares of 116,953 Applied Optoelectronics, Inc. (AAOI)
SG Americas Securities LLC acquired a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) during the third quarter, according to its most recent filing with the SEC. The firm acquired 116,953 shares of the semiconductor company’s stock, valued at approximately $7,563,000. SG Americas Securities LLC owned about 0.61% of Applied Optoelectronics at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of AAOI. Alliancebernstein L.P. grew its position in Applied Optoelectronics by 29.6% in the 1st quarter. Alliancebernstein L.P. now owns 17,500 shares of the semiconductor company’s stock valued at $983,000 after buying an additional 4,000 shares during the last quarter. Teachers Advisors LLC grew its position in Applied Optoelectronics by 2.3% in the 1st quarter. Teachers Advisors LLC now owns 29,403 shares of the semiconductor company’s stock valued at $1,651,000 after buying an additional 668 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Applied Optoelectronics by 55.6% in the 1st quarter. TIAA CREF Investment Management LLC now owns 73,090 shares of the semiconductor company’s stock valued at $4,104,000 after buying an additional 26,104 shares during the last quarter. Legal & General Group Plc grew its position in Applied Optoelectronics by 3.6% in the 1st quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock valued at $248,000 after buying an additional 153 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Applied Optoelectronics by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 636,472 shares of the semiconductor company’s stock valued at $35,737,000 after buying an additional 45,353 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.
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In other news, Director Alan D. Moore purchased 22,400 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $44.60 per share, with a total value of $999,040.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Chewei Lin sold 7,000 shares of Applied Optoelectronics stock in a transaction on Monday, September 11th. The stock was sold at an average price of $58.00, for a total value of $406,000.00. Following the transaction, the director now directly owns 45,638 shares of the company’s stock, valued at approximately $2,647,004. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock valued at $568,140 in the last ninety days. Corporate insiders own 8.19% of the company’s stock.
A number of research firms recently weighed in on AAOI. TheStreet lowered shares of Applied Optoelectronics from a “b-” rating to a “c” rating in a research report on Wednesday. ValuEngine raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Piper Jaffray Companies reissued a “buy” rating and issued a $51.00 target price on shares of Applied Optoelectronics in a report on Friday, November 10th. Needham & Company LLC reduced their target price on Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating for the company in a report on Wednesday, November 8th. Finally, DA Davidson reissued a “buy” rating and issued a $69.00 target price on shares of Applied Optoelectronics in a report on Wednesday, November 8th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Applied Optoelectronics has a consensus rating of “Buy” and a consensus price target of $62.53.
Applied Optoelectronics, Inc. (NASDAQ AAOI) traded up $0.24 during trading hours on Friday, hitting $45.04. The stock had a trading volume of 1,004,908 shares, compared to its average volume of 2,658,050. The firm has a market cap of $868.32, a P/E ratio of 10.43, a PEG ratio of 0.62 and a beta of 2.90. The company has a quick ratio of 2.02, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. Applied Optoelectronics, Inc. has a fifty-two week low of $21.88 and a fifty-two week high of $103.41.
Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.23). The firm had revenue of $88.90 million for the quarter, compared to analyst estimates of $88.53 million. Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. equities analysts forecast that Applied Optoelectronics, Inc. will post 4.2 EPS for the current year.
Applied Optoelectronics Company 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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