Deutsche Bank AG Sells 93,023 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Deutsche Bank AG lowered its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 72.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,622 shares of the semiconductor company's stock after selling 93,023 shares during the quarter. Deutsche Bank AG owned 0.08% of Applied Optoelectronics worth $1,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Applied Optoelectronics in the 4th quarter worth approximately $38,000. Sterling Capital Management LLC lifted its position in shares of Applied Optoelectronics by 858.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 1,150 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Applied Optoelectronics in the 4th quarter worth approximately $63,000. Summit Investment Advisors Inc. lifted its position in shares of Applied Optoelectronics by 17.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company's stock worth $157,000 after acquiring an additional 637 shares during the period. Finally, Catalyst Funds Management Pty Ltd bought a new stake in shares of Applied Optoelectronics in the 4th quarter worth approximately $229,000. Institutional investors and hedge funds own 61.72% of the company's stock.

Applied Optoelectronics Trading Down 7.4%

Shares of NASDAQ AAOI traded down $1.25 during midday trading on Friday, hitting $15.68. The stock had a trading volume of 1,091,864 shares, compared to its average volume of 3,273,689. The company's 50-day simple moving average is $14.76 and its 200 day simple moving average is $24.53. The firm has a market cap of $870.71 million, a P/E ratio of -7.58 and a beta of 2.55. Applied Optoelectronics, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $44.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its earnings results on Thursday, May 8th. The semiconductor company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $99.86 million during the quarter, compared to analysts' expectations of $99.37 million. Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. The business's revenue for the quarter was up 145.5% on a year-over-year basis. During the same period last year, the firm earned ($0.31) EPS. Research analysts anticipate that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.

Insider Buying and Selling

In related news, insider David C. Kuo sold 11,426 shares of Applied Optoelectronics stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $19.10, for a total transaction of $218,236.60. Following the completion of the sale, the insider now directly owns 153,900 shares of the company's stock, valued at $2,939,490. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stefan J. Murry sold 2,000 shares of Applied Optoelectronics stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.06, for a total value of $46,120.00. Following the sale, the chief financial officer now directly owns 196,581 shares of the company's stock, valued at approximately $4,533,157.86. This trade represents a 1.01% 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 valued at $740,590 over the last three months. Company insiders own 4.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AAOI. Wall Street Zen upgraded Applied Optoelectronics from a "sell" rating to a "hold" rating in a research report on Friday. B. Riley raised Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 price target for the company in a report on Friday, March 7th. Raymond James dropped their price target on Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Finally, Rosenblatt Securities raised their price target on Applied Optoelectronics to $30.00 and gave the company a "buy" rating in a 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $22.00.

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.