Concurrent Investment Advisors LLC Sells 10,883 Shares of Applied Optoelectronics, Inc. $AAOI

Key Points

• Concurrent Investment Advisors cut its Applied Optoelectronics stake by 59.1%, selling 10,883 shares and retaining 7,540 shares worth approximately $1.12 million. Institutional investors collectively own 61.7% of the company.
• Analysts have a mixed outlook: three rate AAOI a Buy, two a Hold and one a Sell. The stock carries a consensus rating of Hold with an average price target of $139.40.
• Applied Optoelectronics exceeded quarterly expectations, reporting $0.06 in EPS versus the $0.02 estimate and $191.92 million in revenue, up 86.3% year over year. However, insiders sold 98,501 shares worth about $14 million over the past three months.

Concurrent Investment Advisors LLC lowered its stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 59.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,540 shares of the semiconductor company's stock after selling 10,883 shares during the period. Concurrent Investment Advisors LLC's holdings in Applied Optoelectronics were worth $1,117,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Applied Optoelectronics by 10.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,579 shares of the semiconductor company's stock worth $393,000 after buying an additional 2,415 shares in the last quarter. Cetera Investment Advisers bought a new position in Applied Optoelectronics in the 2nd quarter valued at $377,000. New York State Common Retirement Fund increased its stake in shares of Applied Optoelectronics by 36.0% in the 2nd quarter. New York State Common Retirement Fund now owns 17,000 shares of the semiconductor company's stock valued at $437,000 after buying an additional 4,500 shares during the period. Invesco Ltd. increased its stake in shares of Applied Optoelectronics by 50.0% in the 2nd quarter. Invesco Ltd. now owns 60,817 shares of the semiconductor company's stock valued at $1,562,000 after buying an additional 20,261 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at $952,000. Institutional investors own 61.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Raymond James Financial reaffirmed an "outperform" rating and set a $178.00 price target on shares of Applied Optoelectronics in a research note on Tuesday, August 11th. B. Riley Financial reiterated a "neutral" rating on shares of Applied Optoelectronics in a research report on Friday, August 7th. Needham & Company LLC dropped their price objective on Applied Optoelectronics from $220.00 to $190.00 and set a "buy" rating for the company 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. Finally, Rosenblatt Securities restated a "buy" rating and set a $220.00 target price on shares of Applied Optoelectronics in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Applied Optoelectronics presently has an average rating of "Hold" and a consensus target price of $139.40.

Applied Optoelectronics Price Performance

AAOI opened at $103.29 on Friday. The company has a fifty day moving average price of $114.74 and a two-hundred day moving average price of $131.55. 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 52 week low of $18.50 and a 52 week high of $233.67. The firm has a market capitalization of $8.74 billion, a PE ratio of -132.42 and a beta of 3.79.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $191.92 million during 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%. The business's revenue for the quarter was up 86.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) EPS. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. As a group, analysts anticipate that Applied Optoelectronics, Inc. will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 4,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $105.33, for a total value of $421,320.00. Following the transaction, the chief financial officer owned 367,168 shares of the company's stock, valued at approximately $38,673,805.44. This represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 firm'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 transaction, the insider owned 249,276 shares in the company, valued at approximately $27,472,707.96. This trade represents 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 valued at $14,003,877 over the last three months. Company insiders own 3.80% of the company's stock.

Applied Optoelectronics Profile

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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