Bank of America Corp DE Has $20.38 Million Position in Applied Optoelectronics, Inc. $AAOI

Key Points

• Bank of America reduced its Applied Optoelectronics stake by 26.1% in the first quarter, selling 84,956 shares and retaining 240,886 shares valued at $20.38 million. Institutional investors collectively own 61.7% of the company.
• Applied Optoelectronics reported quarterly EPS of $0.06, exceeding estimates of $0.02, while revenue rose 86.3% year over year to $191.92 million. The company guided for third-quarter 2026 EPS of $0.11 to $0.26.
• Insiders sold a combined 323,204 shares worth $55.7 million over the past 90 days, while analyst sentiment remains mixed; the stock has a consensus “Hold” rating and a $139.40 price target.

Bank of America Corp DE decreased its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 26.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,886 shares of the semiconductor company's stock after selling 84,956 shares during the quarter. Bank of America Corp DE owned 0.30% of Applied Optoelectronics worth $20,377,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. California State Teachers Retirement System boosted its position in shares of Applied Optoelectronics by 23.2% during the 1st quarter. California State Teachers Retirement System now owns 70,464 shares of the semiconductor company's stock valued at $5,961,000 after purchasing an additional 13,265 shares in the last quarter. Andar Capital Management HK Ltd bought a new stake in Applied Optoelectronics in the first quarter worth approximately $11,335,000. Assenagon Asset Management S.A. acquired a new position in Applied Optoelectronics in the first quarter valued at approximately $4,125,000. Next Century Growth Investors LLC acquired a new position in Applied Optoelectronics in the fourth quarter valued at approximately $16,220,000. Finally, Swiss National Bank boosted its holdings in shares of Applied Optoelectronics by 9.8% during the 1st quarter. Swiss National Bank now owns 128,300 shares of the semiconductor company's stock worth $10,853,000 after buying an additional 11,500 shares in the last quarter. Institutional investors own 61.70% of the company's stock.

Applied Optoelectronics Trading Down 15.2%

Shares of AAOI stock opened at $131.41 on Wednesday. The company has a quick ratio of 2.13, a current ratio of 2.78 and a debt-to-equity ratio of 0.12. The firm has a market cap of $11.11 billion, a P/E ratio of -168.47 and a beta of 3.76. The company has a 50 day moving average of $130.54 and a 200-day moving average of $123.66. Applied Optoelectronics, Inc. has a 12-month low of $18.50 and a 12-month high of $233.67.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm 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 business's revenue was up 86.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) earnings per share. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. Sell-side analysts anticipate that Applied Optoelectronics, Inc. will post 0.6 earnings per share for the current year.

Insider Transactions at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 33,000 shares of Applied Optoelectronics stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $166.53, for a total value of $5,495,490.00. Following the transaction, the chief financial officer owned 384,576 shares in the company, valued at approximately $64,043,441.28. The trade was a 7.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Hung-Lun (Fred) Chang sold 40,329 shares of the business's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $170.60, for a total value of $6,880,127.40. Following the completion of the sale, the insider directly owned 286,124 shares of the company's stock, valued at approximately $48,812,754.40. This trade represents a 12.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 323,204 shares of company stock worth $55,700,961. Company insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Applied Optoelectronics from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday. Raymond James Financial reiterated an "outperform" rating and set a $178.00 price target on shares of Applied Optoelectronics in a research note on Tuesday, August 11th. Needham & Company LLC decreased their price objective on Applied Optoelectronics from $220.00 to $190.00 and set a "buy" rating for the company in a report on Friday, August 7th. Wall Street Zen raised Applied Optoelectronics from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $220.00 target price on shares of Applied Optoelectronics in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Applied Optoelectronics currently has an average rating of "Hold" and a consensus price target of $139.40.

Applied Optoelectronics Profile

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.

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