30,845 Shares in Applied Optoelectronics, Inc. $AAOI Purchased by Cinctive Capital Management LP

Key Points

• Cinctive Capital Management acquired a new position of 30,845 shares (~$800,000) in Applied Optoelectronics (NASDAQ:AAOI) during the third quarter, according to the firm's 13F filing.
• Other institutions notably increased exposure—Vanguard added 551,910 shares (now 4.62M shares), Hawk Ridge initiated a ~$21.4M stake—and institutional ownership stands at 61.7%.
• Meanwhile insiders sold heavily (273,433 shares worth about $23.34M in the last quarter); analysts are mixed with a consensus "Hold" rating and an average target price of $52.80.

Cinctive Capital Management LP acquired a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,845 shares of the semiconductor company's stock, valued at approximately $800,000.

A number of other hedge funds also recently bought and sold shares of the company. Hawk Ridge Capital Management LP acquired a new position in shares of Applied Optoelectronics in the third quarter worth about $21,392,000. Vanguard Group Inc. increased its position in shares of Applied Optoelectronics by 13.6% in the third quarter. Vanguard Group Inc. now owns 4,624,570 shares of the semiconductor company's stock worth $119,915,000 after acquiring an additional 551,910 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Applied Optoelectronics by 60.0% during the third quarter. Citigroup Inc. now owns 1,160,456 shares of the semiconductor company's stock valued at $30,091,000 after acquiring an additional 435,349 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Applied Optoelectronics by 1,618.6% during the third quarter. New York State Common Retirement Fund now owns 292,167 shares of the semiconductor company's stock valued at $7,576,000 after acquiring an additional 275,167 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Applied Optoelectronics by 18.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,285,693 shares of the semiconductor company's stock valued at $33,034,000 after acquiring an additional 203,830 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on AAOI shares. Northland Securities reiterated a "market perform" rating and set a $55.00 price objective on shares of Applied Optoelectronics in a research report on Friday, February 27th. B. Riley Financial upgraded Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $54.00 target price for the company in a report on Friday, February 27th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Applied Optoelectronics in a research report on Wednesday, January 21st. Wall Street Zen upgraded Applied Optoelectronics from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $50.00 price target on shares of Applied Optoelectronics in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.80.

Insider Buying and Selling at Applied Optoelectronics

In related news, Director Min-Chu (Mike) Chen sold 8,835 shares of Applied Optoelectronics stock in a transaction on Monday, March 9th. The stock was sold at an average price of $108.72, for a total transaction of $960,541.20. Following the completion of the sale, the director owned 169,300 shares of the company's stock, valued at approximately $18,406,296. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William H. Yeh sold 15,000 shares of the business's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.76, for a total value of $1,586,400.00. Following the completion of the transaction, the director owned 238,819 shares in the company, valued at $25,257,497.44. This trade represents a 5.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 273,433 shares of company stock valued at $23,341,962 in the last quarter. Corporate insiders own 4.50% of the company's stock.

Applied Optoelectronics Stock Performance

Shares of AAOI opened at $94.07 on Tuesday. The company has a market capitalization of $7.07 billion, a PE ratio of -144.72 and a beta of 3.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 2.63. The company's 50 day moving average price is $56.83 and its 200 day moving average price is $38.98. Applied Optoelectronics, Inc. has a 52 week low of $9.71 and a 52 week high of $128.96.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its earnings results on Thursday, February 26th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.11. The company had revenue of $134.27 million during the quarter, compared to the consensus estimate of $131.56 million. Applied Optoelectronics had a negative net margin of 8.39% and a negative return on equity of 5.29%. The company's revenue was up 33.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.02) EPS. Applied Optoelectronics has set its Q1 2026 guidance at -0.090-0.000 EPS. Research analysts expect that Applied Optoelectronics, Inc. will post -1.18 EPS for the current fiscal year.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc develops and manufactures high-speed fiber-optic networking products designed to support the growing bandwidth demands of data centers, telecommunications carriers and internet content providers. The company's core offerings include pluggable optical transceiver modules, transponders and optical components that enable data transmission at rates ranging from 1G to 400G. These products are used to facilitate long-haul, metro and intra-data center connectivity, addressing the need for scalable, low-latency and energy-efficient solutions in modern network infrastructures.

The company's product portfolio spans small-form factor pluggable modules such as SFP+, QSFP+ and QSFP28 units, as well as more advanced form factors like CFP2 and OSFP for ultra-high-speed applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.