Alliancebernstein L.P. Buys 26,579 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Alliancebernstein L.P. lifted its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 183.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,089 shares of the semiconductor company's stock after acquiring an additional 26,579 shares during the quarter. Alliancebernstein L.P. owned approximately 0.09% of Applied Optoelectronics worth $1,515,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AAOI. Yong Rong HK Asset Management Ltd purchased a new position in Applied Optoelectronics in the fourth quarter valued at about $27,645,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth about $13,379,000. Assenagon Asset Management S.A. acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth about $12,731,000. JPMorgan Chase & Co. lifted its position in shares of Applied Optoelectronics by 1,288.6% during the 4th quarter. JPMorgan Chase & Co. now owns 293,906 shares of the semiconductor company's stock worth $10,833,000 after purchasing an additional 272,741 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Applied Optoelectronics by 11.0% in the 4th quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company's stock valued at $89,548,000 after acquiring an additional 241,594 shares in the last quarter. Hedge funds and other institutional investors own 61.72% of the company's stock.

Applied Optoelectronics Price Performance

NASDAQ AAOI traded up $1.37 during trading hours on Wednesday, reaching $12.32. 1,792,731 shares of the company's stock were exchanged, compared to its average volume of 3,114,900. The stock has a market cap of $614.16 million, a PE ratio of -5.98 and a beta of 2.57. Applied Optoelectronics, Inc. has a one year low of $6.70 and a one year high of $44.50. The firm has a fifty day moving average of $17.64 and a 200-day moving average of $24.93. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) EPS 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. On average, equities research analysts predict that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

Insider Transactions at Applied Optoelectronics

In related news, CFO Stefan J. Murry sold 2,000 shares of the company's 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 completion of the transaction, the chief financial officer now directly owns 196,581 shares in the company, valued at $4,533,157.86. This represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AAOI has been the subject of several recent research reports. Raymond James cut their price target on Applied Optoelectronics from $31.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Rosenblatt Securities dropped their target price on Applied Optoelectronics from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday. StockNews.com raised Applied Optoelectronics to a "sell" rating in a report on Wednesday, February 26th. Finally, B. Riley raised Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 target price for the company in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $22.40.

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.