Nomura Holdings Inc. Invests $31.33 Million in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Nomura Holdings Inc. bought a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 849,993 shares of the semiconductor company's stock, valued at approximately $31,331,000. Nomura Holdings Inc. owned about 1.81% of Applied Optoelectronics at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Corebridge Financial Inc. lifted its position in Applied Optoelectronics by 2.4% during the 4th quarter. Corebridge Financial Inc. now owns 20,253 shares of the semiconductor company's stock worth $747,000 after acquiring an additional 471 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Applied Optoelectronics by 5.7% during the 4th quarter. Arizona State Retirement System now owns 11,246 shares of the semiconductor company's stock worth $415,000 after purchasing an additional 603 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Applied Optoelectronics by 17.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company's stock valued at $157,000 after purchasing an additional 637 shares during the period. Virtu Financial LLC boosted its stake in Applied Optoelectronics by 3.6% during the 4th quarter. Virtu Financial LLC now owns 25,529 shares of the semiconductor company's stock valued at $941,000 after purchasing an additional 895 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Applied Optoelectronics in the 4th quarter valued at approximately $38,000. 61.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Applied Optoelectronics

In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin acquired 21,200 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was purchased at an average price of $18.22 per share, for a total transaction of $386,264.00. Following the transaction, the chief executive officer now owns 1,659,025 shares in the company, valued at $30,227,435.50. This trade represents a 1.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stefan J. Murry sold 2,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.06, for a total value of $46,120.00. Following the completion of the sale, the chief financial officer now owns 196,581 shares of the company's stock, valued at approximately $4,533,157.86. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,263 shares of company stock valued at $740,590. 4.96% of the stock is currently owned by company insiders.

Applied Optoelectronics Price Performance

Shares of NASDAQ:AAOI traded up $0.10 during midday trading on Monday, reaching $18.79. 865,986 shares of the company's stock were exchanged, compared to its average volume of 3,246,282. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. The company's 50 day simple moving average is $15.16 and its two-hundred day simple moving average is $24.73. Applied Optoelectronics, Inc. has a 12 month low of $6.70 and a 12 month high of $44.50. The firm has a market capitalization of $1.04 billion, a PE ratio of -9.12 and a beta of 2.55.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. Applied Optoelectronics had a negative net margin of 38.61% and a negative return on equity of 22.36%. The firm had revenue of $99.86 million during the quarter, compared to analysts' expectations of $99.37 million. During the same quarter last year, the company earned ($0.31) earnings per share. The company's revenue for the quarter was up 145.5% compared to the same quarter last year. Equities research analysts expect that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com raised Applied Optoelectronics to a "sell" rating in a research report on Wednesday, February 26th. Rosenblatt Securities increased their price target on shares of Applied Optoelectronics to $30.00 and gave the company a "buy" rating in a report on Friday, May 9th. B. Riley raised shares of Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 price objective for the company in a research report on Friday, March 7th. Finally, Raymond James reduced their target price on shares of Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Applied Optoelectronics presently has an average rating of "Hold" and an average price target of $22.00.

Applied Optoelectronics 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.