Applied Optoelectronics, Inc. (NASDAQ:AAOI) Position Reduced by Emerald Advisers LLC

Emerald Advisers LLC trimmed its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 596,376 shares of the semiconductor company's stock after selling 10,621 shares during the quarter. Emerald Advisers LLC owned about 1.07% of Applied Optoelectronics worth $9,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AAOI. Arizona State Retirement System lifted its holdings in shares of Applied Optoelectronics by 15.9% in the 1st quarter. Arizona State Retirement System now owns 13,036 shares of the semiconductor company's stock worth $200,000 after acquiring an additional 1,790 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Applied Optoelectronics by 31.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 40,000 shares of the semiconductor company's stock worth $614,000 after acquiring an additional 9,500 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Applied Optoelectronics by 3.5% in the 1st quarter. Bank of New York Mellon Corp now owns 129,490 shares of the semiconductor company's stock worth $1,988,000 after acquiring an additional 4,359 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings 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 worth $14,990,000 after acquiring an additional 631,128 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Applied Optoelectronics in the 1st quarter worth approximately $370,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider David C. Kuo sold 11,426 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $19.10, for a total value of $218,236.60. Following the sale, the insider directly owned 153,900 shares of the company's stock, valued at $2,939,490. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Chih-Hsiang (Thompson) Lin purchased 21,200 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,659,025 shares of the company's stock, valued at approximately $30,227,435.50. The trade was a 1.29% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 37,263 shares of company stock valued at $704,670 over the last ninety days. 4.50% of the stock is owned by company insiders.

Applied Optoelectronics Price Performance

AAOI traded down $0.25 during midday trading on Wednesday, reaching $28.99. 4,848,981 shares of the company's stock were exchanged, compared to its average volume of 3,741,104. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.34. The stock has a market capitalization of $1.61 billion, a PE ratio of -7.51 and a beta of 2.78. The business's 50-day moving average price is $21.00 and its 200 day moving average price is $21.51. Applied Optoelectronics, Inc. has a 1-year low of $6.70 and a 1-year high of $44.50.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported ($0.02) earnings per share 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 analyst estimates of $99.37 million. During the same quarter in the previous year, the business posted ($0.31) earnings per share. The company's revenue was up 145.5% on a year-over-year basis. As a group, equities analysts anticipate that Applied Optoelectronics, Inc. will post -1.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on AAOI shares. Wolfe Research started coverage on shares of Applied Optoelectronics in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Rosenblatt Securities increased their target price on shares of Applied Optoelectronics from $30.00 to $34.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Raymond James Financial reduced their target price on shares of Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Wall Street Zen upgraded shares of Applied Optoelectronics from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Northland Securities increased their target price on shares of Applied Optoelectronics to $50.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $24.80.

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.