The Manufacturers Life Insurance Company Invests $3.23 Million in Applied Optoelectronics, Inc. $AAOI

Key Points

• The Manufacturers Life Insurance Company bought 21,786 Applied Optoelectronics shares worth approximately $3.23 million, while institutional investors collectively own 61.7% of the stock.
• Analyst sentiment is mixed: AAOI has an average rating of “Hold” and a consensus price target of $139.40, with targets ranging from $178 to $190 among bullish firms.
• Applied Optoelectronics exceeded quarterly expectations, reporting $0.06 EPS and $191.92 million in revenue, up 86.3% year over year. However, the company remains unprofitable, and insiders have sold roughly $44.2 million of stock over the past 90 days.

The Manufacturers Life Insurance Company purchased a new stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,786 shares of the semiconductor company's stock, valued at approximately $3,228,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AAOI. Allworth Financial LP grew its stake in Applied Optoelectronics by 1,923.7% in the 4th quarter. Allworth Financial LP now owns 769 shares of the semiconductor company's stock valued at $27,000 after buying an additional 731 shares in the last quarter. Comerica Bank purchased a new stake in shares of Applied Optoelectronics during the third quarter worth $28,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Applied Optoelectronics by 166.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,200 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 750 shares in the last quarter. Persistent Asset Partners Ltd bought a new position in shares of Applied Optoelectronics in the second quarter worth $47,000. Finally, Fiduciary Financial Advisors purchased a new position in shares of Applied Optoelectronics in the second quarter valued at $48,000. 61.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on AAOI. Raymond James Financial reiterated an "outperform" rating and set a $178.00 price objective on shares of Applied Optoelectronics in a research note on Tuesday, August 11th. Needham & Company LLC reduced their target price on Applied Optoelectronics from $220.00 to $190.00 and set a "buy" rating for the company in a report on Friday, August 7th. Wall Street Zen upgraded Applied Optoelectronics from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. B. Riley Financial reissued a "neutral" rating on shares of Applied Optoelectronics in a report on Friday, August 7th. Finally, Weiss Ratings lowered shares of Applied Optoelectronics from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday, August 17th. 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's stock. According to data from MarketBeat, Applied Optoelectronics presently has an average rating of "Hold" and a consensus price target of $139.40.

Applied Optoelectronics Stock Performance

Applied Optoelectronics stock opened at $103.39 on Wednesday. The firm's fifty day moving average price is $119.59 and its 200-day moving average price is $128.60. 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 stock has a market cap of $8.74 billion, a P/E ratio of -132.55 and a beta of 3.79. Applied Optoelectronics, Inc. has a fifty-two week low of $18.50 and a fifty-two week high of $233.67.

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 company had revenue of $191.92 million during the quarter, compared to analyst estimates of $190.48 million. Applied Optoelectronics had a negative net margin of 9.57% and a negative return on equity of 1.98%. The firm's quarterly revenue was up 86.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) earnings per share. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. On average, equities research analysts expect that Applied Optoelectronics, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Stefan J. Murry sold 4,000 shares of the company's stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $122.09, for a total value of $488,360.00. Following the completion of the transaction, the chief financial officer directly owned 380,576 shares in the company, valued at approximately $46,464,523.84. This represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Hung-Lun (Fred) Chang sold 40,329 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $170.60, for a total value of $6,880,127.40. Following the transaction, the insider owned 286,124 shares in the company, valued at $48,812,754.40. This trade represents a 12.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 264,382 shares of company stock valued at $44,224,007. 3.80% of the stock is owned by insiders.

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.

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