Caitong International Asset Management Co. Ltd Decreases Stock Holdings in Applied Optoelectronics, Inc. $AAOI

Key Points

• Caitong International Asset Management Co. Ltd decreased its holdings in Applied Optoelectronics, Inc. by 91.5% in Q2, now owning just 1,977 shares valued at $51,000.
• The semiconductor company reported a loss of $0.16 EPS for the last quarter, missing estimates, despite a 137.9% year-over-year revenue increase.
• Multiple large investors have recently increased their positions in Applied Optoelectronics, leading to 61.72% of the stock being owned by institutional investors.

Caitong International Asset Management Co. Ltd reduced its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 91.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,977 shares of the semiconductor company's stock after selling 21,251 shares during the quarter. Caitong International Asset Management Co. Ltd's holdings in Applied Optoelectronics were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of AAOI. Bank of New York Mellon Corp increased its position in Applied Optoelectronics by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 129,490 shares of the semiconductor company's stock worth $1,988,000 after buying an additional 4,359 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its position in Applied Optoelectronics by 31.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 40,000 shares of the semiconductor company's stock worth $614,000 after buying an additional 9,500 shares during the last quarter. Arizona State Retirement System increased its position in Applied Optoelectronics by 15.9% in the first quarter. Arizona State Retirement System now owns 13,036 shares of the semiconductor company's stock worth $200,000 after buying an additional 1,790 shares during the last quarter. Royce & Associates LP increased its position in Applied Optoelectronics by 15.2% in the first quarter. Royce & Associates LP now owns 876,543 shares of the semiconductor company's stock worth $13,455,000 after buying an additional 115,853 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in Applied Optoelectronics in the first quarter worth $291,000. 61.72% of the stock is owned by hedge funds and other institutional investors.

Applied Optoelectronics Price Performance

NASDAQ:AAOI opened at $34.01 on Friday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -10.12 and a beta of 2.92. Applied Optoelectronics, Inc. has a 52-week low of $9.71 and a 52-week high of $44.50. The stock has a fifty day moving average of $27.65 and a 200 day moving average of $22.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.47 and a current ratio of 2.11.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The business had revenue of $102.95 million for the quarter, compared to the consensus estimate of $104.96 million. Applied Optoelectronics had a negative net margin of 42.29% and a negative return on equity of 10.60%. Applied Optoelectronics's quarterly revenue was up 137.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) EPS. Applied Optoelectronics has set its Q3 2025 guidance at -0.100--0.030 EPS. On average, research analysts expect that Applied Optoelectronics, Inc. will post -1.18 EPS for the current fiscal year.

Insider Activity at Applied Optoelectronics

In other Applied Optoelectronics news, Director Min-Chu (Mike) Chen acquired 7,500 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $22.91 per share, with a total value of $171,825.00. Following the completion of the purchase, the director owned 22,500 shares of the company's stock, valued at approximately $515,475. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stefan J. Murry sold 12,000 shares of Applied Optoelectronics stock in a transaction on Friday, August 15th. The shares were sold at an average price of $22.37, for a total value of $268,440.00. Following the sale, the chief financial officer directly owned 298,477 shares of the company's stock, valued at $6,676,930.49. This represents a 3.87% decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 44,100 shares of company stock valued at $1,000,878 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AAOI has been the subject of a number of recent research reports. B. Riley reissued a "neutral" rating and issued a $15.00 target price (up from $13.00) on shares of Applied Optoelectronics in a research report on Friday, August 8th. Northland Securities set a $30.00 price objective on Applied Optoelectronics in a research note on Friday, August 8th. Wall Street Zen cut Applied Optoelectronics from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Raymond James Financial increased their price objective on Applied Optoelectronics from $18.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Applied Optoelectronics in a report on Friday. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $27.20.

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.

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