Assenagon Asset Management S.A. Has $10.69 Million Holdings in Applied Optoelectronics, Inc. $AAOI

Key Points

• Assenagon Asset Management increased its Applied Optoelectronics stake by 48% in the second quarter, bringing its holdings to 72,164 shares valued at approximately $10.69 million. Institutional investors and hedge funds collectively own 61.7% of the company.
• Analyst sentiment remains mixed: three analysts rate AAOI a Buy, two rate it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $134.
• Applied Optoelectronics exceeded quarterly expectations, reporting $0.06 in EPS versus a $0.02 estimate and $191.92 million in revenue, up 86.3% year over year. However, insiders sold more than 506,000 shares worth approximately $87.4 million over the past three months.

Assenagon Asset Management S.A. grew its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 48.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,164 shares of the semiconductor company's stock after purchasing an additional 23,402 shares during the quarter. Assenagon Asset Management S.A. owned about 0.09% of Applied Optoelectronics worth $10,692,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in Applied Optoelectronics by 1,923.7% during the fourth quarter. Allworth Financial LP now owns 769 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 731 shares during the period. Comerica Bank acquired a new position in shares of Applied Optoelectronics during the 3rd quarter valued at $28,000. Northwestern Mutual Wealth Management Co. boosted its stake in Applied Optoelectronics by 166.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,200 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 750 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Applied Optoelectronics during the fourth quarter worth $55,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at about $57,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AAOI shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $220.00 target price on shares of Applied Optoelectronics in a research report on Friday. Weiss Ratings reissued a "sell (d-)" rating on shares of Applied Optoelectronics in a research report on Tuesday, July 7th. Raymond James Financial set a $151.00 price target on shares of Applied Optoelectronics in a research report on Friday. B. Riley Financial restated a "neutral" rating on shares of Applied Optoelectronics in a research note on Friday. Finally, Wall Street Zen raised shares of Applied Optoelectronics from a "sell" rating to a "hold" rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $134.00.

Applied Optoelectronics Price Performance

Applied Optoelectronics stock opened at $132.81 on Tuesday. Applied Optoelectronics, Inc. has a 12 month low of $18.50 and a 12 month high of $233.67. The company has a current ratio of 2.78, a quick ratio of 2.13 and a debt-to-equity ratio of 0.12. The business's 50 day simple moving average is $136.28 and its 200 day simple moving average is $119.37. The company has a market cap of $11.23 billion, a price-to-earnings ratio of -170.27 and a beta of 3.76.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its earnings results on Thursday, August 6th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The business had revenue of $191.92 million during the quarter, compared to the consensus estimate of $190.48 million. Applied Optoelectronics had a negative return on equity of 1.98% and a negative net margin of 9.57%.The business's revenue for the quarter was up 86.3% on a year-over-year basis. During the same period last year, the business posted ($0.16) earnings per share. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. Sell-side analysts forecast that Applied Optoelectronics, Inc. will post 0.6 EPS for the current year.

Insider Activity at Applied Optoelectronics

In related news, Director Cynthia Delaney sold 56,575 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $189.23, for a total value of $10,705,687.25. Following the completion of the transaction, the director directly owned 59,647 shares of the company's stock, valued at approximately $11,287,001.81. This trade represents a 48.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stefan J. Murry sold 33,000 shares of Applied Optoelectronics stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $173.26, for a total value of $5,717,580.00. Following the completion of the transaction, the chief financial officer owned 451,906 shares of the company's stock, valued at approximately $78,297,233.56. This trade represents a 6.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 506,215 shares of company stock worth $87,409,447 in the last three months. Corporate insiders own 3.80% of the company's stock.

About Applied Optoelectronics

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.

Want to see what other hedge funds are holding AAOI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source