CloudAlpha Capital Management Limited Hong Kong Has $4.24 Million Stock Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Key Points

• CloudAlpha Capital Management Limited reduced its stake in Applied Optoelectronics by 24.0% in the first quarter, now holding approximately $4.24 million worth of shares.
• Other institutional investors, including Royce & Associates LP and Assenagon Asset Management, have increased their holdings in Applied Optoelectronics, indicating growing interest among investors.
• Applied Optoelectronics reported a quarterly revenue of $99.86 million with a significant 145.5% year-over-year increase, although it posted a loss per share of ($0.02) in its latest earnings report.

CloudAlpha Capital Management Limited Hong Kong decreased its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 24.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 275,868 shares of the semiconductor company's stock after selling 87,096 shares during the quarter. Applied Optoelectronics makes up approximately 0.3% of CloudAlpha Capital Management Limited Hong Kong's holdings, making the stock its 28th largest holding. CloudAlpha Capital Management Limited Hong Kong owned about 0.50% of Applied Optoelectronics worth $4,235,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Applied Optoelectronics by 11.0% during the 4th quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company's stock worth $89,548,000 after buying an additional 241,594 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Applied Optoelectronics by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 979,769 shares of the semiconductor company's stock valued at $36,123,000 after purchasing an additional 70,210 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Applied Optoelectronics by 182.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 976,520 shares of the semiconductor company's stock valued at $14,990,000 after purchasing an additional 631,128 shares during the period. Royce & Associates LP lifted its stake in shares of Applied Optoelectronics by 15.2% in the 1st quarter. Royce & Associates LP now owns 876,543 shares of the semiconductor company's stock valued at $13,455,000 after purchasing an additional 115,853 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Applied Optoelectronics in the 4th quarter valued at $31,331,000. Institutional investors and hedge funds own 61.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Rosenblatt Securities increased their price target on Applied Optoelectronics from $30.00 to $34.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Raymond James Financial cut their price target on Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Northland Securities increased their price target on Applied Optoelectronics to $50.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Wolfe Research assumed coverage on Applied Optoelectronics in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Finally, Needham & Company LLC assumed coverage on Applied Optoelectronics in a research note on Friday. They issued a "buy" rating and a $32.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Applied Optoelectronics currently has an average rating of "Moderate Buy" and an average target price of $26.00.

Applied Optoelectronics Trading Up 5.0%

Shares of AAOI traded up $1.29 during trading hours on Friday, reaching $27.13. The stock had a trading volume of 4,186,639 shares, compared to its average volume of 4,327,300. The company has a quick ratio of 1.34, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $44.50. The firm has a 50-day moving average of $22.35 and a 200 day moving average of $21.03. The company has a market cap of $1.51 billion, a P/E ratio of -7.03 and a beta of 2.78.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. Applied Optoelectronics had a negative net margin of 55.98% and a negative return on equity of 15.40%. The business had revenue of $99.86 million during the quarter, compared to analysts' expectations of $99.37 million. During the same quarter in the prior year, the company earned ($0.31) EPS. The firm's quarterly revenue was up 145.5% on a year-over-year basis. On average, sell-side analysts expect that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

Insider Transactions at Applied Optoelectronics

In other Applied Optoelectronics news, insider David C. Kuo sold 11,426 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $19.10, for a total transaction of $218,236.60. Following the completion of the transaction, the insider owned 153,900 shares in the company, valued at approximately $2,939,490. This represents a 6.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chih-Hsiang (Thompson) Lin bought 21,200 shares of the stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $18.22 per share, with a total value of $386,264.00. Following the acquisition, the chief executive officer owned 1,659,025 shares in the company, valued at approximately $30,227,435.50. This represents a 1.29% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 40,263 shares of company stock worth $787,050 in the last 90 days. Company insiders own 4.50% of the company's stock.

Applied Optoelectronics Profile

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.