SG Americas Securities LLC Purchases Shares of 24,081 Applied Optoelectronics, Inc. (NASDAQ:AAOI)

SG Americas Securities LLC purchased a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 24,081 shares of the semiconductor company's stock, valued at approximately $370,000.

A number of other institutional investors also recently modified their holdings of the business. Rhumbline Advisers boosted its stake in Applied Optoelectronics by 9.1% in the fourth quarter. Rhumbline Advisers now owns 60,348 shares of the semiconductor company's stock valued at $2,224,000 after buying an additional 5,035 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Applied Optoelectronics by 131.5% in the fourth quarter. New York State Common Retirement Fund now owns 12,500 shares of the semiconductor company's stock worth $461,000 after acquiring an additional 7,100 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Applied Optoelectronics by 25.6% in the 4th quarter. Bank of New York Mellon Corp now owns 125,131 shares of the semiconductor company's stock valued at $4,612,000 after purchasing an additional 25,482 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Applied Optoelectronics by 8.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 118,249 shares of the semiconductor company's stock valued at $4,359,000 after purchasing an additional 9,435 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Applied Optoelectronics by 5.7% during the 4th quarter. Arizona State Retirement System now owns 11,246 shares of the semiconductor company's stock valued at $415,000 after purchasing an additional 603 shares during the last quarter. Institutional investors and hedge funds own 61.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AAOI. Wall Street Zen raised shares of Applied Optoelectronics from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Raymond James Financial dropped their price target on Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Rosenblatt Securities raised their price objective on Applied Optoelectronics from $30.00 to $34.00 and gave the company a "buy" rating in a report on Thursday. Northland Securities upped their target price on Applied Optoelectronics to $50.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Finally, B. Riley raised Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 price target on the stock in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Applied Optoelectronics currently has an average rating of "Moderate Buy" and a consensus target price of $24.80.

Applied Optoelectronics Trading Down 5.6%

Shares of AAOI stock traded down $1.55 during trading hours on Friday, hitting $26.22. 8,121,893 shares of the company's stock traded hands, compared to its average volume of 3,619,833. The stock has a market cap of $1.46 billion, a PE ratio of -6.79 and a beta of 2.64. The stock's 50 day simple moving average is $17.16 and its 200 day simple moving average is $22.18. The company has a quick ratio of 1.34, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. 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 posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. The business had revenue of $99.86 million during the quarter, compared to the consensus estimate of $99.37 million. Applied Optoelectronics had a negative return on equity of 15.40% and a negative net margin of 55.98%. Applied Optoelectronics's quarterly revenue was up 145.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.31) earnings per share. On average, sell-side analysts anticipate that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Stefan J. Murry sold 2,000 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $16.05, for a total value of $32,100.00. Following the sale, the chief financial officer now directly owns 321,036 shares of the company's stock, valued at approximately $5,152,627.80. This represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Hung-Lun (Fred) Chang sold 23,837 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $19.06, for a total transaction of $454,333.22. Following the completion of the transaction, the insider now owns 278,842 shares in the company, valued at approximately $5,314,728.52. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,263 shares of company stock worth $726,570. 4.50% of the stock is currently owned by 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.