Invesco Ltd. Trims Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Invesco Ltd. decreased its stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,585 shares of the semiconductor company's stock after selling 520,810 shares during the quarter. Invesco Ltd. owned approximately 0.07% of Applied Optoelectronics worth $1,275,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AAOI. Meeder Asset Management Inc. acquired a new position in Applied Optoelectronics in the fourth quarter worth $38,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of Applied Optoelectronics during the fourth quarter valued at approximately $229,000. Pictet Asset Management Holding SA acquired a new stake in shares of Applied Optoelectronics in the fourth quarter valued at approximately $245,000. Chung Wu Investment Group LLC acquired a new stake in shares of Applied Optoelectronics in the fourth quarter valued at approximately $262,000. Finally, KLP Kapitalforvaltning AS bought a new position in Applied Optoelectronics in the 4th quarter worth approximately $262,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Applied Optoelectronics

In related news, CFO Stefan J. Murry sold 2,000 shares of Applied Optoelectronics stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.06, for a total transaction of $46,120.00. Following the sale, the chief financial officer now directly owns 196,581 shares of the company's stock, valued at approximately $4,533,157.86. The trade was a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.96% of the company's stock.

Wall Street Analyst Weigh In

AAOI has been the subject of a number of research reports. Rosenblatt Securities lowered their price objective on Applied Optoelectronics from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. StockNews.com upgraded shares of Applied Optoelectronics to a "sell" rating in a research report on Wednesday, February 26th. Raymond James restated an "outperform" rating and issued a $20.00 price target on shares of Applied Optoelectronics in a research report on Thursday, April 24th. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $22.40.

Applied Optoelectronics Stock Up 1.7 %

NASDAQ AAOI traded up $0.25 on Friday, reaching $14.96. The company had a trading volume of 4,194,445 shares, compared to its average volume of 3,172,411. 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 1-year low of $6.70 and a 1-year high of $44.50. The firm has a market capitalization of $830.49 million, a price-to-earnings ratio of -7.26 and a beta of 2.57. The company's fifty day moving average is $15.53 and its 200-day moving average is $24.71.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The business had revenue of $100.27 million for the quarter, compared to analyst estimates of $99.92 million. Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. On average, research analysts forecast that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

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.