California State Teachers Retirement System Buys 15,128 Shares of Applied Optoelectronics, Inc. $AAOI

California State Teachers Retirement System grew its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 21.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,592 shares of the semiconductor company's stock after acquiring an additional 15,128 shares during the quarter. California State Teachers Retirement System owned 0.10% of Applied Optoelectronics worth $12,681,311 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Handelsbanken Fonder AB purchased a new stake in Applied Optoelectronics in the 2nd quarter valued at $7,719,000. BlackRock Inc. purchased a new position in shares of Applied Optoelectronics during the 2nd quarter worth $955,672,000. Andar Capital Management HK Ltd purchased a new position in Applied Optoelectronics during the 1st quarter valued at approximately $11,335,000. Assenagon Asset Management S.A. purchased a new stake in shares of Applied Optoelectronics during the first quarter valued at $4,125,000. Finally, Next Century Growth Investors LLC acquired a new position in shares of Applied Optoelectronics during the fourth quarter worth $16,220,000. Institutional investors own 61.70% of the company's stock.

Analyst Upgrades and Downgrades

AAOI has been the subject of several research reports. Raymond James Financial reaffirmed an "outperform" rating and issued a $178.00 target price on shares of Applied Optoelectronics in a research report on Tuesday, August 11th. Rosenblatt Securities reissued a "buy" rating and issued a $220.00 price objective on shares of Applied Optoelectronics in a research note on Friday, August 7th. Weiss Ratings downgraded Applied Optoelectronics from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday, August 17th. Needham & Company LLC lowered their target price on shares of Applied Optoelectronics from $220.00 to $190.00 and set a "buy" rating for the company in a report on Friday, August 7th. Finally, B. Riley Financial reiterated 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 assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $139.40.

Applied Optoelectronics Trading Down 0.1%

AAOI stock traded down $0.08 during midday trading on Tuesday, reaching $95.68. The company's stock had a trading volume of 2,881,575 shares, compared to its average volume of 10,400,062. The stock has a fifty day simple moving average of $113.88 and a two-hundred day simple moving average of $132.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.13 and a current ratio of 2.78. Applied Optoelectronics, Inc. has a 1 year low of $18.50 and a 1 year high of $233.67. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of -122.84 and a beta of 3.79.

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

Insider Activity

In other news, insider Shu-Hua Yeh sold 6,000 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $147.73, for a total value of $886,380.00. Following the completion of the transaction, the insider owned 377,498 shares in the company, valued at $55,767,779.54. This trade represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Hung-Lun Chang sold 32,172 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $110.21, for a total value of $3,545,676.12. Following the completion of the transaction, the insider directly owned 249,276 shares of the company's stock, valued at approximately $27,472,707.96. The trade was a 11.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 98,501 shares of company stock worth $14,003,877 over the last 90 days. 3.80% of the stock is currently owned by company insiders.

About Applied Optoelectronics

Applied Optoelectronics, Inc develops and manufactures fiber-optic networking products and components. Its offerings include optical transceivers, transponders, modules and related equipment used to transmit data over fiber-optic networks.

The company serves several communications markets, including data centers, telecommunications, broadband access and cable television. Its products support applications such as high-speed data transmission, cloud computing, network infrastructure and fiber-based broadband services.

Founded in 1997 and headquartered in Sugar Land, Texas, Applied Optoelectronics serves customers in North America, Asia and other international markets.

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