34,841 Applied Optoelectronics, Inc. $AAOI Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Applied Optoelectronics position by 48.3% in the third quarter, selling 34,841 shares and retaining 37,323 shares worth approximately $3.7 million. Institutional investors own 61.7% of AAOI.
• Analyst sentiment is mixed, with three Buy, two Hold, and one Sell rating; the consensus rating is Hold with an average price target of $147.00. Recent price targets range from $92 to $220.
• Applied Optoelectronics reported quarterly EPS of $0.06, beating estimates of $0.02, while revenue rose 86.3% year over year to $191.92 million. However, the stock opened at $77.32, well below its 52-week high of $233.67, and insiders have sold $6.58 million of shares over the past 90 days.

Assenagon Asset Management S.A. lowered its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 48.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,323 shares of the semiconductor company's stock after selling 34,841 shares during the period. Assenagon Asset Management S.A.'s holdings in Applied Optoelectronics were worth $3,705,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in shares of Applied Optoelectronics by 1.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 18,072 shares of the semiconductor company's stock worth $1,529,000 after purchasing an additional 243 shares in the last quarter. Allworth Financial LP increased its position in Applied Optoelectronics by 68.8% during the 2nd quarter. Allworth Financial LP now owns 596 shares of the semiconductor company's stock valued at $88,000 after buying an additional 243 shares in the last quarter. Polaris Financial Partners acquired a new position in Applied Optoelectronics during the 3rd quarter valued at about $26,000. EFG International AG acquired a new position in Applied Optoelectronics during the 2nd quarter valued at about $44,000. Finally, Persistent Asset Partners Ltd purchased a new stake in Applied Optoelectronics in the second quarter valued at about $47,000. Institutional investors own 61.70% of the company's stock.

Wall Street Analysts Forecast Growth

AAOI has been the subject of several recent analyst reports. Raymond James Financial reissued an "outperform" rating and issued a $178.00 price target on shares of Applied Optoelectronics in a report on Tuesday, August 11th. B. Riley Financial cut their price objective on shares of Applied Optoelectronics from $109.00 to $92.00 and set a "neutral" rating on the stock in a report on Thursday, October 15th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Applied Optoelectronics in a research report on Friday, August 7th. Weiss Ratings cut shares of Applied Optoelectronics from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, August 17th. Finally, Needham & Company LLC lowered their target price on shares of Applied Optoelectronics from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Applied Optoelectronics currently has a consensus rating of "Hold" and an average target price of $147.00.

Applied Optoelectronics Stock Performance

Shares of AAOI opened at $77.32 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.13 and a current ratio of 2.78. The stock has a 50-day moving average of $106.93 and a two-hundred day moving average of $132.94. The stock has a market cap of $6.54 billion, a P/E ratio of -99.13 and a beta of 3.85. Applied Optoelectronics, Inc. has a one year low of $18.50 and a one year high of $233.67.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The business had revenue of $191.92 million for the quarter, compared to analyst estimates of $190.48 million. Applied Optoelectronics had a negative return on equity of 1.98% and a negative net margin of 9.57%. The company's revenue was up 86.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.16) earnings per share. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. As a group, research analysts predict that Applied Optoelectronics, Inc. will post 0.55 EPS for the current year.

Insider Buying and Selling at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 4,000 shares of the company's stock in a transaction on Monday, October 12th. The shares were sold at an average price of $102.87, for a total value of $411,480.00. Following the sale, the chief financial officer directly owned 363,168 shares of the company's stock, valued at $37,359,092.16. This represents a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shu-Hua Yeh sold 6,000 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $120.03, for a total transaction of $720,180.00. Following the completion of the sale, the insider owned 371,498 shares in the company, valued at $44,590,904.94. The trade was a 1.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 56,887 shares of company stock worth $6,581,484. Company insiders own 3.80% of the company's stock.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc NASDAQ: AAOI develops and manufactures fiber-optic networking products and solutions. Its offerings include optical transceivers, transmitters, receivers, lasers, and related components used to transmit data across fiber-optic networks.

The company serves several communications markets, including data centers, broadband access networks, cable television, and telecommunications. Its products are designed for applications such as high-speed data transmission, fiber-to-the-home and other broadband deployments, network connectivity, and communications infrastructure.

Founded in 1997 and headquartered in Sugar Land, Texas, Applied Optoelectronics supports customers in multiple regions, including North America, Asia, and other international markets.

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