JAT Capital Mgmt LP Has $160,000 Stake in Applied Optoelectronics, Inc. $AAOI

Key Points

• JAT Capital Management LP significantly reduced its stake in Applied Optoelectronics, selling 2,226,430 shares and retaining only 10,400 shares, making it just 0.1% of its portfolio.
• Several institutional investors increased their holdings in Applied Optoelectronics during the 1st quarter, with notable increases from AlphaQuest LLC and Twin Tree Management LP, indicating interest in the semiconductor company.
• Analysts have issued varying price targets for Applied Optoelectronics, with a consensus target price of $27.20 and multiple "buy" ratings, reflecting mixed sentiments among investment firms.

JAT Capital Mgmt LP trimmed its stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 99.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,400 shares of the semiconductor company's stock after selling 2,226,430 shares during the quarter. Applied Optoelectronics comprises approximately 0.1% of JAT Capital Mgmt LP's investment portfolio, making the stock its 19th biggest position. JAT Capital Mgmt LP's holdings in Applied Optoelectronics were worth $160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its position in Applied Optoelectronics by 243.9% during the first quarter. AlphaQuest LLC now owns 2,297 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 1,629 shares during the period. Quantbot Technologies LP bought a new position in Applied Optoelectronics during the first quarter worth $66,000. State of Wyoming bought a new position in Applied Optoelectronics during the first quarter worth $77,000. Twin Tree Management LP boosted its position in shares of Applied Optoelectronics by 15,573.4% in the first quarter. Twin Tree Management LP now owns 10,031 shares of the semiconductor company's stock valued at $154,000 after acquiring an additional 9,967 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Applied Optoelectronics by 15.9% in the first quarter. Arizona State Retirement System now owns 13,036 shares of the semiconductor company's stock valued at $200,000 after acquiring an additional 1,790 shares during the period. 61.72% of the stock is owned by institutional investors.

Applied Optoelectronics Price Performance

AAOI traded up $0.30 on Thursday, hitting $23.32. 4,089,539 shares of the stock were exchanged, compared to its average volume of 5,403,113. Applied Optoelectronics, Inc. has a 12 month low of $9.71 and a 12 month high of $44.50. The business has a 50-day moving average of $25.06 and a two-hundred day moving average of $19.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.11 and a quick ratio of 1.47. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -6.94 and a beta of 2.91.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.08). Applied Optoelectronics had a negative return on equity of 10.60% and a negative net margin of 42.29%.The firm had revenue of $102.95 million for the quarter, compared to the consensus estimate of $104.96 million. During the same period in the prior year, the company earned ($0.28) EPS. The company's revenue for the quarter was up 137.9% compared to the same quarter last year. Applied Optoelectronics has set its Q3 2025 guidance at -0.100--0.030 EPS. Sell-side analysts forecast that Applied Optoelectronics, Inc. will post -1.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AAOI shares. Northland Securities set a $30.00 target price on shares of Applied Optoelectronics in a research report on Friday, August 8th. Needham & Company LLC started coverage on shares of Applied Optoelectronics in a research report on Friday, July 25th. They issued a "buy" rating and a $32.00 target price for the company. B. Riley reissued a "neutral" rating and issued a $15.00 target price (up previously from $13.00) on shares of Applied Optoelectronics in a research report on Friday, August 8th. Raymond James Financial boosted their target price on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Wolfe Research started coverage on shares of Applied Optoelectronics in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Applied Optoelectronics presently has an average rating of "Moderate Buy" and a consensus target price of $27.20.

Insider Buying and Selling at Applied Optoelectronics

In related news, CFO Stefan J. Murry sold 12,000 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $22.37, for a total transaction of $268,440.00. Following the completion of the sale, the chief financial officer owned 298,477 shares of the company's stock, valued at $6,676,930.49. This represents a 3.87% decrease in their ownership of the stock. 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 15,784 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $22.70, for a total value of $358,296.80. Following the transaction, the insider directly owned 256,326 shares of the company's stock, valued at approximately $5,818,600.20. The trade was a 5.80% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 44,100 shares of company stock valued at $1,000,878 and have sold 32,784 shares valued at $741,217. 4.50% of the stock is 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.