Mitsubishi UFJ Asset Management Co. Ltd. Takes $1.40 Million Position in Applied Optoelectronics, Inc. $AAOI

Key Points

• Mitsubishi UFJ Asset Management initiated a $1.40 million position in Applied Optoelectronics by purchasing 9,456 shares during the second quarter. Institutional investors collectively own 61.7% of AAOI.
• Applied Optoelectronics reported quarterly EPS of $0.06, beating estimates by $0.04, while revenue rose 86.3% year over year to $191.92 million. Despite the improvement, the company posted a negative net margin of 9.57%.
• AAOI opened at $124.82 after a 3.3% decline, while analysts maintained a consensus “Hold” rating with an average price target of $139.40; targets range from $178 to $220 among bullish analysts.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,456 shares of the semiconductor company's stock, valued at approximately $1,401,000.

Other large investors also recently modified their holdings of the company. Persistent Asset Partners Ltd purchased a new position in Applied Optoelectronics during the 2nd quarter valued at about $47,000. Simplicity Wealth LLC purchased a new stake in Applied Optoelectronics in the 2nd quarter worth approximately $227,000. Global Retirement Partners LLC purchased a new stake in Applied Optoelectronics in the 2nd quarter worth approximately $99,000. Bank of New York Mellon Corp purchased a new stake in Applied Optoelectronics in the 2nd quarter worth approximately $32,567,000. Finally, State of Wyoming bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth approximately $389,000. 61.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Applied Optoelectronics news, insider David C. Kuo sold 29,227 shares of the firm's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $166.53, for a total transaction of $4,867,172.31. Following the completion of the transaction, the insider owned 149,078 shares of the company's stock, valued at approximately $24,825,959.34. This trade represents a 16.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Stefan J. Murry sold 33,000 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $166.53, for a total transaction of $5,495,490.00. Following the sale, the chief financial officer owned 384,576 shares in the company, valued at approximately $64,043,441.28. This trade represents a 7.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 329,204 shares of company stock valued at $56,587,341 in the last 90 days. Corporate insiders own 3.80% of the company's stock.

Applied Optoelectronics Stock Down 3.3%

AAOI stock opened at $124.82 on Friday. Applied Optoelectronics, Inc. has a fifty-two week low of $18.50 and a fifty-two week high of $233.67. The business's 50 day moving average price is $127.73 and its two-hundred day moving average price is $124.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.13 and a current ratio of 2.78. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of -160.03 and a beta of 3.76.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $191.92 million during the quarter, compared to analyst estimates of $190.48 million. Applied Optoelectronics had a negative return on equity of 1.98% and a negative net margin of 9.57%.The business's revenue was up 86.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.16) EPS. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. As a group, analysts forecast that Applied Optoelectronics, Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on AAOI. Raymond James Financial restated an "outperform" rating and set a $178.00 target price on shares of Applied Optoelectronics in a report on Tuesday, August 11th. Needham & Company LLC cut their price target on shares of Applied Optoelectronics from $220.00 to $190.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Rosenblatt Securities reissued a "buy" rating and set a $220.00 price objective on shares of Applied Optoelectronics in a research report on Friday, August 7th. B. Riley Financial restated a "neutral" rating on shares of Applied Optoelectronics in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Applied Optoelectronics from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $139.40.

Applied Optoelectronics Profile

Applied Optoelectronics, Inc develops and manufactures high-speed fiber-optic networking products designed to support the growing bandwidth demands of data centers, telecommunications carriers and internet content providers. The company's core offerings include pluggable optical transceiver modules, transponders and optical components that enable data transmission at rates ranging from 1G to 400G. These products are used to facilitate long-haul, metro and intra-data center connectivity, addressing the need for scalable, low-latency and energy-efficient solutions in modern network infrastructures.

The company's product portfolio spans small-form factor pluggable modules such as SFP+, QSFP+ and QSFP28 units, as well as more advanced form factors like CFP2 and OSFP for ultra-high-speed applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source