Applied Optoelectronics, Inc. (NASDAQ:AAOI) CEO Chih-Hsiang (Thompson) Lin Acquires 8,850 Shares

Key Points

• Chih-Hsiang (Thompson) Lin, CEO of Applied Optoelectronics, acquired 8,850 shares at $22.53 each, increasing his total ownership to 1,652,165 shares valued at approximately $37.2 million.
• The company reported a loss of $0.16 per share for its latest quarter, falling short of analysts' expectations, despite a significant 137.9% year-over-year revenue increase.
• Numerous institutional investors have raised their stakes in Applied Optoelectronics, with Nisa Investment Advisors increasing their holdings by 497.5% during the second quarter.

Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) CEO Chih-Hsiang (Thompson) Lin purchased 8,850 shares of the stock in a transaction on Wednesday, August 13th. The stock was acquired at an average price of $22.53 per share, for a total transaction of $199,390.50. Following the completion of the purchase, the chief executive officer directly owned 1,652,165 shares in the company, valued at approximately $37,223,277.45. The trade was a 0.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Chih-Hsiang (Thompson) Lin also recently made the following trade(s):

• On Wednesday, August 13th, Chih-Hsiang (Thompson) Lin purchased 3,250 shares of Applied Optoelectronics stock. The stock was acquired at an average price of $22.65 per share, for a total transaction of $73,612.50.
• On Tuesday, August 12th, Chih-Hsiang (Thompson) Lin purchased 6,500 shares of Applied Optoelectronics stock. The stock was acquired at an average price of $23.14 per share, for a total transaction of $150,410.00.

Applied Optoelectronics Stock Performance

NASDAQ AAOI traded down $2.01 during trading on Thursday, reaching $21.01. The company's stock had a trading volume of 4,904,322 shares, compared to its average volume of 5,012,065. The company has a current ratio of 2.11, a quick ratio of 1.47 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -6.25 and a beta of 2.72. Applied Optoelectronics, Inc. has a 12 month low of $8.20 and a 12 month high of $44.50. The firm has a 50 day moving average price of $23.80 and a 200 day moving average price of $20.33.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.08). The business had revenue of $102.95 million during the quarter, compared to the consensus estimate of $104.96 million. Applied Optoelectronics had a negative net margin of 42.29% and a negative return on equity of 10.60%. The business's revenue for the quarter was up 137.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.28) EPS. As a group, equities analysts anticipate that Applied Optoelectronics, Inc. will post -1.18 EPS for the current fiscal year.

Institutional Trading of Applied Optoelectronics

Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in shares of Applied Optoelectronics by 497.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 962 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 801 shares during the period. Sterling Capital Management LLC increased its position in Applied Optoelectronics by 858.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 1,150 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Applied Optoelectronics during the 4th quarter worth approximately $63,000. GAMMA Investing LLC increased its position in Applied Optoelectronics by 85.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,785 shares of the semiconductor company's stock worth $46,000 after purchasing an additional 825 shares in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Applied Optoelectronics during the 2nd quarter worth approximately $49,000. Institutional investors own 61.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AAOI shares. Needham & Company LLC started coverage on shares of Applied Optoelectronics in a research note on Friday, July 25th. They issued a "buy" rating and a $32.00 price target on the stock. Northland Securities set a $30.00 price target on shares of Applied Optoelectronics in a research note on Friday, August 8th. Raymond James Financial set a $25.00 price target on shares of Applied Optoelectronics and gave the company an "outperform" rating in a research note on Friday, August 8th. Wolfe Research initiated coverage on shares of Applied Optoelectronics in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Rosenblatt Securities boosted their price objective on shares of Applied Optoelectronics from $30.00 to $34.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $27.20.

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.

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