EAM Global Investors LLC Invests $5.32 Million in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

EAM Global Investors LLC bought a new position in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 144,340 shares of the semiconductor company's stock, valued at approximately $5,320,000. EAM Global Investors LLC owned about 0.31% of Applied Optoelectronics at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Applied Optoelectronics by 11.0% during the fourth quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company's stock valued at $89,548,000 after buying an additional 241,594 shares during the period. Geode Capital Management LLC increased its position in Applied Optoelectronics by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 979,769 shares of the semiconductor company's stock valued at $36,123,000 after buying an additional 70,210 shares in the last quarter. State Street Corp boosted its stake in Applied Optoelectronics by 27.7% in the 3rd quarter. State Street Corp now owns 887,259 shares of the semiconductor company's stock worth $12,697,000 after purchasing an additional 192,308 shares in the last quarter. Yong Rong HK Asset Management Ltd bought a new position in shares of Applied Optoelectronics in the fourth quarter worth approximately $27,645,000. Finally, Emerald Advisers LLC raised its holdings in Applied Optoelectronics by 15.3% in the 4th quarter. Emerald Advisers LLC now owns 606,997 shares of the semiconductor company's stock worth $22,374,000 after acquiring an additional 80,539 shares during the last quarter. 61.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 2,298 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total transaction of $80,820.66. Following the sale, the chief financial officer now directly owns 209,831 shares of the company's stock, valued at $7,379,756.27. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 6,298 shares of company stock worth $148,841 over the last three months. Corporate insiders own 4.96% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AAOI. StockNews.com upgraded shares of Applied Optoelectronics to a "sell" rating in a research report on Wednesday, February 26th. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 price objective on shares of Applied Optoelectronics in a research note on Friday, March 14th. B. Riley upgraded Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 price objective on the stock in a research report on Friday, March 7th. Finally, Raymond James cut their price objective on shares of Applied Optoelectronics from $31.00 to $20.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $23.60.

Applied Optoelectronics Stock Down 8.3 %

NASDAQ AAOI traded down $0.88 during trading on Monday, reaching $9.78. 1,119,601 shares of the company's stock traded hands, compared to its average volume of 3,113,330. The firm has a market cap of $487.54 million, a price-to-earnings ratio of -4.75 and a beta of 2.57. The company's 50 day simple moving average is $18.26 and its two-hundred day simple moving average is $25.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. Applied Optoelectronics, Inc. has a 12-month low of $6.70 and a 12-month high of $44.50.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) EPS 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 company had revenue of $100.27 million during the quarter, compared to the consensus estimate of $99.92 million. As a group, sell-side analysts forecast that Applied Optoelectronics, Inc. will post -1.18 EPS for the current fiscal year.

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.