GF Fund Management CO. LTD. Invests $5.07 Million in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

GF Fund Management CO. LTD. bought a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 137,500 shares of the semiconductor company's stock, valued at approximately $5,068,000. GF Fund Management CO. LTD. owned approximately 0.29% of Applied Optoelectronics as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Corebridge Financial Inc. lifted its stake in shares of Applied Optoelectronics by 2.4% during the 4th quarter. Corebridge Financial Inc. now owns 20,253 shares of the semiconductor company's stock worth $747,000 after purchasing an additional 471 shares during the period. Arizona State Retirement System lifted its stake in shares of Applied Optoelectronics by 5.7% during the 4th quarter. Arizona State Retirement System now owns 11,246 shares of the semiconductor company's stock worth $415,000 after purchasing an additional 603 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Applied Optoelectronics by 17.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company's stock worth $157,000 after purchasing an additional 637 shares during the period. Virtu Financial LLC lifted its stake in shares of Applied Optoelectronics by 3.6% during the 4th quarter. Virtu Financial LLC now owns 25,529 shares of the semiconductor company's stock worth $941,000 after purchasing an additional 895 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Applied Optoelectronics during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 61.72% of the company's stock.

Applied Optoelectronics Stock Down 4.9%

Shares of NASDAQ:AAOI traded down $0.91 during mid-day trading on Wednesday, hitting $17.65. 2,877,845 shares of the company traded hands, compared to its average volume of 3,275,273. The firm has a market cap of $980.35 million, a P/E ratio of -8.57 and a beta of 2.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.50. The firm's 50 day simple moving average is $14.93 and its 200 day simple moving average is $24.66.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The business had revenue of $99.86 million for the quarter, compared to the consensus estimate of $99.37 million. Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. The company's revenue was up 145.5% on a year-over-year basis. During the same period last year, the business posted ($0.31) EPS. On average, equities analysts anticipate that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.

Insider Buying and Selling at Applied Optoelectronics

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.06, for a total transaction of $46,120.00. Following the completion of the sale, the chief financial officer now owns 196,581 shares in the company, valued at $4,533,157.86. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hung-Lun (Fred) Chang sold 23,837 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $19.06, for a total value of $454,333.22. Following the sale, the insider now owns 278,842 shares of the company's stock, valued at approximately $5,314,728.52. This trade represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,263 shares of company stock worth $740,590 in the last 90 days. 4.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. B. Riley upgraded Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 price objective for the company in a report on Friday, March 7th. Raymond James dropped their price objective on Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Rosenblatt Securities upped their price objective on Applied Optoelectronics to $30.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Wall Street Zen downgraded Applied Optoelectronics from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Applied Optoelectronics currently has an average rating of "Hold" and a consensus target price of $22.00.

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.