Applied Optoelectronics, Inc. (NASDAQ:AAOI) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. lessened its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,651 shares of the semiconductor company's stock after selling 71,400 shares during the period. Kovack Advisors Inc. owned about 0.21% of Applied Optoelectronics worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AAOI. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Applied Optoelectronics in the 3rd quarter valued at about $167,000. Bailard Inc. purchased a new stake in Applied Optoelectronics during the 4th quarter worth approximately $305,000. Jump Financial LLC purchased a new stake in Applied Optoelectronics during the 3rd quarter worth approximately $320,000. Bank of New York Mellon Corp increased its stake in Applied Optoelectronics by 360.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 48,617 shares of the semiconductor company's stock worth $533,000 after buying an additional 38,066 shares in the last quarter. Finally, B. Riley Asset Management LLC purchased a new stake in Applied Optoelectronics during the 3rd quarter worth approximately $1,089,000. Hedge funds and other institutional investors own 61.72% of the company's stock.

Wall Street Analyst Weigh In

AAOI has been the subject of several research reports. B. Riley reiterated a "neutral" rating and set a $16.00 price objective (down from $22.00) on shares of Applied Optoelectronics in a research note on Friday, February 23rd. Rosenblatt Securities cut their price objective on Applied Optoelectronics from $23.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, February 23rd. Finally, TheStreet upgraded Applied Optoelectronics from a "d" rating to a "c-" rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $16.88.

Applied Optoelectronics Price Performance

Shares of AAOI stock traded up $0.19 during trading hours on Friday, reaching $10.85. The company had a trading volume of 1,510,834 shares, compared to its average volume of 1,528,569. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.16 and a current ratio of 1.85. The stock has a fifty day moving average of $13.87 and a 200-day moving average of $14.92. The company has a market capitalization of $416.64 million, a price-to-earnings ratio of -6.10 and a beta of 2.04. Applied Optoelectronics, Inc. has a 12-month low of $1.60 and a 12-month high of $24.75.

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

Insider Buying and Selling

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

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.