Boothbay Fund Management LLC Purchases New Shares in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Boothbay Fund Management LLC acquired a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 75,145 shares of the semiconductor company's stock, valued at approximately $2,770,000. Boothbay Fund Management LLC owned approximately 0.16% of Applied Optoelectronics as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Yong Rong HK Asset Management Ltd purchased a new position in shares of Applied Optoelectronics in the 4th quarter valued at about $27,645,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Applied Optoelectronics in the fourth quarter valued at approximately $13,379,000. Assenagon Asset Management S.A. acquired a new position in Applied Optoelectronics in the fourth quarter valued at approximately $12,731,000. JPMorgan Chase & Co. grew its stake in shares of Applied Optoelectronics by 1,288.6% in the fourth quarter. JPMorgan Chase & Co. now owns 293,906 shares of the semiconductor company's stock valued at $10,833,000 after buying an additional 272,741 shares in the last quarter. Finally, Vanguard Group Inc. grew its position 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. Institutional investors and hedge funds own 61.72% of the company's stock.

Applied Optoelectronics Stock Performance

AAOI stock traded down $0.03 during midday trading on Wednesday, reaching $12.79. The company had a trading volume of 1,957,906 shares, compared to its average volume of 3,145,309. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $15.95 and a 200 day moving average price of $24.72. Applied Optoelectronics, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $44.50. The firm has a market capitalization of $707.84 million, a PE ratio of -6.21 and a beta of 2.57.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. B. Riley raised Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 price objective for the company in a research report on Friday, March 7th. StockNews.com upgraded Applied Optoelectronics to a "sell" rating in a research note on Wednesday, February 26th. 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 research note on Tuesday, April 22nd. Finally, Raymond James reaffirmed an "outperform" rating and set a $20.00 price objective on shares of Applied Optoelectronics in a report on Thursday, April 24th. One equities 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 MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $22.40.

Insider Activity

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 2,000 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.06, for a total value of $46,120.00. Following the transaction, the chief financial officer now owns 196,581 shares of the company's stock, valued at approximately $4,533,157.86. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.96% of the stock is currently owned by company insiders.

Applied Optoelectronics 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.