Applied Optoelectronics, Inc. (NASDAQ:AAOI) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP increased its stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 265.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 57,800 shares of the semiconductor company's stock after acquiring an additional 42,000 shares during the period. Two Sigma Advisers LP owned approximately 0.12% of Applied Optoelectronics worth $2,131,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nomura Holdings Inc. purchased a new position in shares of Applied Optoelectronics in the fourth quarter valued at $31,331,000. Yong Rong HK Asset Management Ltd purchased a new stake in Applied Optoelectronics during the 4th quarter worth $27,645,000. Jefferies Financial Group Inc. acquired a new position in Applied Optoelectronics in the 4th quarter worth $23,354,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Applied Optoelectronics in the 4th quarter worth $13,379,000. Finally, Bank of America Corp DE boosted its position in Applied Optoelectronics by 1,058.6% in the 4th quarter. Bank of America Corp DE now owns 339,550 shares of the semiconductor company's stock valued at $12,516,000 after buying an additional 310,243 shares during the last quarter. Hedge funds and other institutional investors own 61.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AAOI. Raymond James dropped their target price on Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Wall Street Zen upgraded Applied Optoelectronics from a "sell" rating to a "hold" rating in a report on Friday. B. Riley raised Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 target price on the stock in a research report on Friday, March 7th. Finally, Rosenblatt Securities raised their price target on shares of Applied Optoelectronics to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Applied Optoelectronics presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Applied Optoelectronics Stock Up 0.6%

Applied Optoelectronics stock traded up $0.10 during midday trading on Monday, hitting $15.52. The stock had a trading volume of 1,894,068 shares, compared to its average volume of 3,295,300. The business has a fifty day moving average price of $14.56 and a 200 day moving average price of $24.32. Applied Optoelectronics, Inc. has a 12 month low of $6.70 and a 12 month high of $44.50. The stock has a market cap of $862.04 million, a P/E ratio of -7.53 and a beta of 2.55. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last issued its quarterly earnings results 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. Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. The business had revenue of $99.86 million during the quarter, compared to the consensus estimate of $99.37 million. During the same period in the previous year, the business earned ($0.31) EPS. The business's quarterly revenue was up 145.5% on a year-over-year basis. Research analysts predict that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.

Insider Buying and Selling at Applied Optoelectronics

In related news, CEO Chih-Hsiang (Thompson) Lin acquired 21,200 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $18.22 per share, for a total transaction of $386,264.00. Following the purchase, the chief executive officer now directly owns 1,659,025 shares in the company, valued at $30,227,435.50. This represents a 1.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David C. Kuo sold 11,426 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $19.10, for a total value of $218,236.60. Following the completion of the sale, the insider now owns 153,900 shares in the company, valued at $2,939,490. The trade was a 6.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,263 shares of company stock worth $740,590 over the last 90 days. Insiders own 4.96% of the company's stock.

About Applied Optoelectronics

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.