56,468 Shares in Applied Optoelectronics, Inc. (NASDAQ:AAOI) Acquired by Centiva Capital LP

Centiva Capital LP bought a new stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,468 shares of the semiconductor company's stock, valued at approximately $2,081,000. Centiva Capital LP owned approximately 0.12% of Applied Optoelectronics at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of Applied Optoelectronics during the 4th quarter worth $38,000. Sterling Capital Management LLC grew its position in shares of Applied Optoelectronics by 858.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 1,150 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Applied Optoelectronics in the fourth quarter worth about $63,000. Summit Investment Advisors Inc. lifted its position in shares of Applied Optoelectronics by 17.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company's stock worth $157,000 after purchasing an additional 637 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new stake in Applied Optoelectronics during the 4th quarter valued at approximately $229,000. 61.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AAOI. Rosenblatt Securities cut their price target on Applied Optoelectronics from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. B. Riley upgraded shares of Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 target price for the company in a research note on Friday, March 7th. Raymond James restated an "outperform" rating and issued a $20.00 price target on shares of Applied Optoelectronics in a research report on Thursday, April 24th. Finally, StockNews.com raised shares of Applied Optoelectronics to a "sell" rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $22.40.

Applied Optoelectronics Stock Down 3.5 %

NASDAQ AAOI opened at $13.94 on Wednesday. Applied Optoelectronics, Inc. has a 1-year low of $6.70 and a 1-year high of $44.50. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The stock's 50 day moving average is $15.12 and its two-hundred day moving average is $24.65. The company has a market capitalization of $773.87 million, a price-to-earnings ratio of -6.77 and a beta of 2.55.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). Applied Optoelectronics had a negative net margin of 38.61% and a negative return on equity of 22.36%. The company had revenue of $100.27 million during the quarter, compared to the consensus estimate of $99.92 million. Equities analysts forecast that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.06, for a total transaction of $46,120.00. Following the sale, the chief financial officer now directly owns 196,581 shares of the company's stock, valued at $4,533,157.86. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.96% of the company's stock.

Applied Optoelectronics Company Profile

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.

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