Applied Optoelectronics, Inc. (NASDAQ:AAOI) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 16.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 165,070 shares of the semiconductor company’s stock after purchasing an additional 22,977 shares during the period. Trexquant Investment LP owned about 0.46% of Applied Optoelectronics worth $3,189,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of Applied Optoelectronics during the 4th quarter worth $191,000. Raymond James Financial Services Advisors Inc. acquired a new position in Applied Optoelectronics during the third quarter worth about $167,000. Bailard Inc. purchased a new stake in shares of Applied Optoelectronics in the fourth quarter valued at about $305,000. Mach 1 Financial Group LLC purchased a new stake in shares of Applied Optoelectronics in the fourth quarter valued at about $367,000. Finally, Jump Financial LLC purchased a new position in shares of Applied Optoelectronics during the third quarter valued at approximately $320,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. TheStreet raised shares of Applied Optoelectronics from a “d” rating to a “c-” rating in a report on Friday, February 23rd. B. Riley Financial cut their price objective on shares of Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th. B. Riley lowered their price objective on shares of Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Finally, Rosenblatt Securities dropped their target price on shares of Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.00.

Applied Optoelectronics Stock Up 5.4 %

Shares of NASDAQ AAOI traded up $0.64 during trading hours on Friday, hitting $12.54. The company had a trading volume of 2,027,481 shares, compared to its average volume of 2,240,897. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $12.07 and its 200-day moving average is $15.35. Applied Optoelectronics, Inc. has a 1-year low of $1.72 and a 1-year high of $24.75. The stock has a market capitalization of $487.93 million, a P/E ratio of -6.89 and a beta of 2.12.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.04 EPS for the quarter. The business had revenue of $60.50 million during the quarter, compared to the consensus estimate of $65.19 million. Applied Optoelectronics had a negative return on equity of 16.30% and a negative net margin of 30.65%. Applied Optoelectronics’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. On average, analysts expect that Applied Optoelectronics, Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Activity

In other Applied Optoelectronics news, Director Che-Wei Lin purchased 31,370 shares of the business’s stock in a transaction on Monday, March 18th. The shares were purchased at an average cost of $12.70 per share, for a total transaction of $398,399.00. Following the acquisition, the director now owns 220,133 shares of the company’s stock, valued at $2,795,689.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Applied Optoelectronics news, Director Che-Wei Lin bought 31,370 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $12.70 per share, with a total value of $398,399.00. Following the transaction, the director now directly owns 220,133 shares in the company, valued at approximately $2,795,689.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Chih-Hsiang (Thompson) Lin purchased 11,780 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were purchased at an average price of $12.66 per share, with a total value of $149,134.80. Following the purchase, the chief executive officer now directly owns 1,218,160 shares in the company, valued at approximately $15,421,905.60. The disclosure for this purchase can be found here. 5.40% of the stock is currently owned by insiders.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.