CloudAlpha Capital Management Limited Hong Kong Has $12.31 Million Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

CloudAlpha Capital Management Limited Hong Kong raised its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 380.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 637,200 shares of the semiconductor company's stock after purchasing an additional 504,610 shares during the quarter. Applied Optoelectronics makes up approximately 1.1% of CloudAlpha Capital Management Limited Hong Kong's holdings, making the stock its 14th biggest position. CloudAlpha Capital Management Limited Hong Kong owned about 1.79% of Applied Optoelectronics worth $12,311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAOI. Trexquant Investment LP acquired a new stake in shares of Applied Optoelectronics in the third quarter worth about $1,559,000. SG Americas Securities LLC acquired a new stake in shares of Applied Optoelectronics in the fourth quarter worth about $9,716,000. Quadrature Capital Ltd acquired a new stake in shares of Applied Optoelectronics in the third quarter worth about $1,436,000. Assenagon Asset Management S.A. acquired a new stake in shares of Applied Optoelectronics in the fourth quarter worth about $1,251,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Applied Optoelectronics in the third quarter worth about $1,401,000. Hedge funds and other institutional investors own 61.72% of the company's stock.

Insider Buying and Selling

In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin purchased 11,780 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of $12.66 per share, for a total transaction of $149,134.80. Following the transaction, the chief executive officer now directly owns 1,218,160 shares in the company, valued at $15,421,905.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Applied Optoelectronics news, Director Che-Wei Lin purchased 31,370 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of $12.70 per share, for a total transaction of $398,399.00. Following the transaction, the director now directly owns 220,133 shares in the company, valued at $2,795,689.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chih-Hsiang (Thompson) Lin acquired 11,780 shares of Applied Optoelectronics stock in a transaction on Monday, March 18th. The shares were purchased at an average cost of $12.66 per share, for a total transaction of $149,134.80. Following the acquisition, the chief executive officer now owns 1,218,160 shares in the company, valued at approximately $15,421,905.60. The disclosure for this purchase can be found here. 6.10% of the stock is owned by corporate insiders.

Applied Optoelectronics Price Performance

Shares of AAOI stock traded down $0.01 during trading hours on Wednesday, hitting $11.98. The company had a trading volume of 2,539,627 shares, compared to its average volume of 2,870,617. Applied Optoelectronics, Inc. has a 12 month low of $1.60 and a 12 month high of $24.75. The firm has a market capitalization of $460.03 million, a price-to-earnings ratio of -6.73 and a beta of 2.04. The firm's fifty day moving average is $15.17 and its 200 day moving average is $14.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.16 and a current ratio of 1.85.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.04 earnings per share for the quarter. Applied Optoelectronics had a negative return on equity of 13.83% and a negative net margin of 25.75%. The company had revenue of $60.50 million for the quarter, compared to analyst estimates of $65.19 million. During the same period in the prior year, the company posted ($0.27) EPS. The company's revenue was down 3.2% compared to the same quarter last year. On average, sell-side analysts predict that Applied Optoelectronics, Inc. will post -0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on AAOI shares. Rosenblatt Securities reduced their price target on Applied Optoelectronics from $23.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, February 23rd. B. Riley reissued a "neutral" rating and set a $16.00 price objective (down previously from $22.00) on shares of Applied Optoelectronics in a research report on Friday, February 23rd. Finally, TheStreet raised Applied Optoelectronics from a "d" rating to a "c-" rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $16.88.

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.