Citizens Financial Group Inc. RI Makes New $1.68 Million Investment in Applied Optoelectronics, Inc. $AAOI

Key Points

• Citizens Financial Group acquired 11,307 shares of Applied Optoelectronics valued at approximately $1.68 million during the second quarter. Institutional investors collectively own 61.7% of AAOI.
• Applied Optoelectronics reported quarterly EPS of $0.06, beating estimates of $0.02, while revenue rose 86.3% year over year to $191.92 million. The company issued third-quarter 2026 EPS guidance of $0.11 to $0.26.
• AAOI shares opened at $131.41 after falling 15.2%; analysts’ consensus rating is Hold, with an average price target of $139.40, while recent targets range from $178 to $220.

Citizens Financial Group Inc. RI acquired a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 11,307 shares of the semiconductor company's stock, valued at approximately $1,675,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAOI. BlackRock Inc. acquired a new position in shares of Applied Optoelectronics during the second quarter valued at $955,672,000. Invesco Ltd. raised its holdings in Applied Optoelectronics by 5,208.9% during the 4th quarter. Invesco Ltd. now owns 3,512,309 shares of the semiconductor company's stock worth $122,439,000 after purchasing an additional 3,446,150 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Applied Optoelectronics by 5,321.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,229,757 shares of the semiconductor company's stock valued at $77,730,000 after purchasing an additional 2,188,630 shares during the last quarter. Morgan Stanley grew its position in shares of Applied Optoelectronics by 157.1% during the 4th quarter. Morgan Stanley now owns 1,699,855 shares of the semiconductor company's stock worth $59,257,000 after buying an additional 1,038,775 shares during the period. Finally, Hawk Ridge Capital Management LP grew its position in shares of Applied Optoelectronics by 106.2% during the 4th quarter. Hawk Ridge Capital Management LP now owns 1,700,900 shares of the semiconductor company's stock worth $59,293,000 after buying an additional 875,903 shares during the period. Institutional investors own 61.70% of the company's stock.

Applied Optoelectronics Stock Down 15.2%

Shares of NASDAQ:AAOI opened at $131.41 on Wednesday. The company has a 50 day moving average price of $130.54 and a two-hundred day moving average price of $123.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.13 and a current ratio of 2.78. The company has a market capitalization of $11.11 billion, a PE ratio of -168.47 and a beta of 3.76. Applied Optoelectronics, Inc. has a 52 week low of $18.50 and a 52 week high of $233.67.

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

Insider Buying and Selling at Applied Optoelectronics

In other Applied Optoelectronics news, insider David C. Kuo sold 29,227 shares of the business's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $166.53, for a total value of $4,867,172.31. Following the completion of the transaction, the insider directly owned 149,078 shares of the company's stock, valued at approximately $24,825,959.34. The trade was a 16.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shu-Hua (Joshua) Yeh sold 4,715 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $126.50, for a total value of $596,447.50. Following the completion of the sale, the insider owned 383,498 shares of the company's stock, valued at $48,512,497. This trade represents a 1.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 323,204 shares of company stock worth $55,700,961 in the last three months. 3.80% of the stock is owned by insiders.

Analysts Set New Price Targets

AAOI has been the subject of a number of recent research reports. Wall Street Zen raised shares of Applied Optoelectronics from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of Applied Optoelectronics from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday. B. Riley Financial reaffirmed a "neutral" rating on shares of Applied Optoelectronics in a report on Friday, August 7th. Raymond James Financial reiterated an "outperform" rating and set a $178.00 target price on shares of Applied Optoelectronics in a research report on Tuesday, August 11th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $220.00 price target on shares of Applied Optoelectronics in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $139.40.

Applied Optoelectronics Company 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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