Emerald Mutual Fund Advisers Trust Decreases Stock Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Emerald Mutual Fund Advisers Trust reduced its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 370,996 shares of the semiconductor company's stock after selling 28,464 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.67% of Applied Optoelectronics worth $5,695,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Applied Optoelectronics by 11.0% during the fourth 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 during the period. SG Americas Securities LLC acquired a new stake in shares of Applied Optoelectronics during the first quarter worth $370,000. Emerald Advisers LLC increased its position in shares of Applied Optoelectronics by 15.3% during the fourth quarter. Emerald Advisers LLC now owns 606,997 shares of the semiconductor company's stock worth $22,374,000 after buying an additional 80,539 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Applied Optoelectronics during the fourth quarter worth $511,000. Finally, China Universal Asset Management Co. Ltd. increased its position in shares of Applied Optoelectronics by 31.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 40,000 shares of the semiconductor company's stock worth $614,000 after buying an additional 9,500 shares during the period. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAOI has been the topic of several research analyst reports. 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 research note on Thursday, June 26th. Northland Securities increased their target price on shares of Applied Optoelectronics to $50.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Wall Street Zen raised shares of Applied Optoelectronics from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Raymond James Financial dropped their price target on shares of Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Wolfe Research initiated coverage on shares of Applied Optoelectronics in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $24.80.

Applied Optoelectronics Stock Performance

Shares of AAOI traded down $0.26 during trading hours on Tuesday, hitting $29.24. The company's stock had a trading volume of 4,543,973 shares, compared to its average volume of 3,735,202. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -7.58 and a beta of 2.78. 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 business has a 50 day simple moving average of $20.10 and a two-hundred day simple moving average of $21.46. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.50.

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 company had revenue of $99.86 million during the quarter, compared to analyst estimates of $99.37 million. During the same period last year, the business earned ($0.31) earnings per share. Applied Optoelectronics's revenue was up 145.5% compared to the same quarter last year. On average, equities analysts expect that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Chih-Hsiang (Thompson) Lin bought 21,200 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average cost of $18.22 per share, for a total transaction of $386,264.00. Following the completion of the transaction, the chief executive officer directly owned 1,659,025 shares in the company, valued at $30,227,435.50. This trade represents a 1.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David C. Kuo sold 11,426 shares of the business's stock in a transaction that occurred on 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 sale, the insider owned 153,900 shares of the company's stock, valued at approximately $2,939,490. The trade was a 6.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,263 shares of company stock valued at $726,570 over the last ninety days. 4.50% of the stock is owned by insiders.

Applied Optoelectronics Company 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.