Sierra Summit Advisors LLC Takes $855,000 Position in Applied Optoelectronics, Inc. $AAOI

Sierra Summit Advisors LLC acquired a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,102 shares of the semiconductor company’s stock, valued at approximately $855,000.

Several other institutional investors have also made changes to their positions in AAOI. Cinctive Capital Management LP acquired a new position in Applied Optoelectronics in the third quarter worth about $800,000. Diker Management LLC acquired a new stake in Applied Optoelectronics during the third quarter valued at approximately $519,000. Assenagon Asset Management S.A. acquired a new stake in Applied Optoelectronics during the first quarter valued at approximately $4,125,000. Next Century Growth Investors LLC bought a new stake in shares of Applied Optoelectronics in the 4th quarter valued at approximately $16,220,000. Finally, Penn Capital Management Company LLC grew its stake in shares of Applied Optoelectronics by 4.7% in the 4th quarter. Penn Capital Management Company LLC now owns 446,032 shares of the semiconductor company’s stock valued at $15,565,000 after purchasing an additional 20,077 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Applied Optoelectronics Stock Performance

Shares of AAOI stock opened at $120.95 on Friday. The company has a market capitalization of $9.71 billion, a P/E ratio of -183.26 and a beta of 3.69. Applied Optoelectronics, Inc. has a 12-month low of $18.50 and a 12-month high of $233.67. The company has a quick ratio of 3.03, a current ratio of 3.83 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $167.83 and a 200 day moving average price of $104.98.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $151.14 million for the quarter, compared to the consensus estimate of $156.98 million. Applied Optoelectronics had a negative return on equity of 4.64% and a negative net margin of 8.55%.Applied Optoelectronics’s quarterly revenue was up 51.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) earnings per share. Applied Optoelectronics has set its Q2 2026 guidance at -0.030-0.030 EPS. Research analysts forecast that Applied Optoelectronics, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Raymond James Financial reissued an “outperform” rating on shares of Applied Optoelectronics in a report on Wednesday, June 10th. Wall Street Zen cut Applied Optoelectronics from a “hold” rating to a “sell” rating in a research report on Monday, April 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price objective on shares of Applied Optoelectronics in a research note on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Applied Optoelectronics currently has an average rating of “Hold” and a consensus target price of $113.80.

Insiders Place Their Bets

In related news, CEO Chih-Hsiang (Thompson) Lin sold 59,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $166.53, for a total transaction of $9,825,270.00. Following the completion of the sale, the chief executive officer directly owned 1,302,436 shares of the company’s stock, valued at $216,894,667.08. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Cynthia Delaney sold 56,575 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $189.23, for a total value of $10,705,687.25. Following the sale, the director directly owned 59,647 shares of the company’s stock, valued at $11,287,001.81. This represents a 48.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 500,215 shares of company stock worth $86,716,414 over the last ninety days. 3.80% of the stock is owned by insiders.

About Applied Optoelectronics

Applied Optoelectronics, Inc develops and manufactures high-speed fiber-optic networking products designed to support the growing bandwidth demands of data centers, telecommunications carriers and internet content providers. The company’s core offerings include pluggable optical transceiver modules, transponders and optical components that enable data transmission at rates ranging from 1G to 400G. These products are used to facilitate long-haul, metro and intra-data center connectivity, addressing the need for scalable, low-latency and energy-efficient solutions in modern network infrastructures.

The company’s product portfolio spans small-form factor pluggable modules such as SFP+, QSFP+ and QSFP28 units, as well as more advanced form factors like CFP2 and OSFP for ultra-high-speed applications.