Bank of New York Mellon Corp Invests $32.57 Million in Applied Optoelectronics, Inc. $AAOI

Key Points

• Bank of New York Mellon acquired 219,812 shares of Applied Optoelectronics worth approximately $32.57 million, taking a 0.27% stake. Institutional investors and hedge funds collectively own 61.7% of the company.
• Company insiders sold 272,629 shares worth about $45.9 million over the past three months, including sales by the CEO and another insider. Insiders now own 3.8% of Applied Optoelectronics.
• Applied Optoelectronics reported quarterly revenue of $191.92 million and EPS of $0.06, exceeding analyst estimates, while revenue grew 86.3% year over year. Analysts’ consensus rating is Hold, with an average price target of $139.40.

Bank of New York Mellon Corp acquired a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 219,812 shares of the semiconductor company's stock, valued at approximately $32,567,000. Bank of New York Mellon Corp owned 0.27% of Applied Optoelectronics at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AAOI. State of Wyoming acquired a new stake in Applied Optoelectronics in the second quarter valued at $389,000. Tema ETFs LLC acquired a new position in Applied Optoelectronics during the 2nd quarter worth about $62,000. Handelsbanken Fonder AB bought a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at about $7,719,000. Fulcrum Equity Management bought a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at about $623,000. Finally, UNICOM Systems Inc. increased its stake in shares of Applied Optoelectronics by 122.3% in the second quarter. UNICOM Systems Inc. now owns 152,483 shares of the semiconductor company's stock valued at $22,592,000 after buying an additional 83,892 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Applied Optoelectronics

In other news, insider Hung-Lun (Fred) Chang sold 40,329 shares of Applied Optoelectronics stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $170.60, for a total value of $6,880,127.40. Following the completion of the transaction, the insider directly owned 286,124 shares in the company, valued at approximately $48,812,754.40. The trade was a 12.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Chih-Hsiang (Thompson) Lin sold 59,000 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $166.53, for a total value of $9,825,270.00. Following the sale, the chief executive officer owned 1,302,436 shares in the company, valued at approximately $216,894,667.08. The trade was a 4.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 272,629 shares of company stock worth $45,881,654. Company insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AAOI shares. Needham & Company LLC reduced their target price on Applied Optoelectronics from $220.00 to $190.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Weiss Ratings downgraded shares of Applied Optoelectronics from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday, August 17th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Applied Optoelectronics in a research note on Friday, August 7th. Raymond James Financial reiterated an "outperform" rating and set a $178.00 price objective on shares of Applied Optoelectronics in a research report on Tuesday, August 11th. Finally, B. Riley Financial reaffirmed a "neutral" rating on shares of Applied Optoelectronics in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Applied Optoelectronics currently has an average rating of "Hold" and a consensus target price of $139.40.

Applied Optoelectronics Stock Down 6.2%

Applied Optoelectronics stock opened at $106.23 on Friday. The firm has a 50 day moving average price of $121.74 and a 200-day moving average price of $127.24. The company has a quick ratio of 2.13, a current ratio of 2.78 and a debt-to-equity ratio of 0.12. Applied Optoelectronics, Inc. has a twelve month low of $18.50 and a twelve month high of $233.67. The company has a market capitalization of $8.98 billion, a P/E ratio of -136.19 and a beta of 3.76.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The company had revenue of $191.92 million for the quarter, compared to analysts' expectations of $190.48 million. Applied Optoelectronics had a negative net margin of 9.57% and a negative return on equity of 1.98%. Applied Optoelectronics's revenue was up 86.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) EPS. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. As a group, equities analysts predict that Applied Optoelectronics, Inc. will post 0.55 EPS for the current year.

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.

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