EAM Global Investors LLC Purchases Shares of 144,340 Applied Optoelectronics, Inc. (NASDAQ:AAOI)

EAM Global Investors LLC acquired a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 144,340 shares of the semiconductor company’s stock, valued at approximately $5,320,000.

Several other institutional investors have also made changes to their positions in AAOI. Charles Schwab Investment Management Inc. boosted its stake in Applied Optoelectronics by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company’s stock valued at $1,557,000 after buying an additional 3,081 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Applied Optoelectronics by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 483 shares during the period. FMR LLC boosted its stake in shares of Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 5,956 shares in the last quarter. State Street Corp grew its holdings in shares of Applied Optoelectronics by 27.7% in the 3rd quarter. State Street Corp now owns 887,259 shares of the semiconductor company’s stock worth $12,697,000 after purchasing an additional 192,308 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Applied Optoelectronics during the 3rd quarter worth about $340,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Applied Optoelectronics

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 2,298 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total value of $80,820.66. Following the transaction, the chief financial officer now directly owns 209,831 shares of the company’s stock, valued at approximately $7,379,756.27. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 8,298 shares of company stock worth $253,821 in the last quarter. 4.96% of the stock is owned by company insiders.

Applied Optoelectronics Stock Up 1.8 %

NASDAQ AAOI opened at $11.45 on Wednesday. The stock has a market capitalization of $570.79 million, a P/E ratio of -5.56 and a beta of 2.57. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $44.50. 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 stock has a fifty day moving average of $19.39 and a 200-day moving average of $25.06.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The firm had revenue of $100.27 million during 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, equities research analysts forecast that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.

Analyst Ratings Changes

AAOI has been the topic of several research analyst reports. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research note on Wednesday, February 26th. Northland Securities restated an “outperform” rating and set a $40.00 price target (up from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. 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 research report on Friday, March 7th. Rosenblatt Securities reissued a “buy” rating and issued a $36.00 price objective on shares of Applied Optoelectronics in a research note on Friday, March 14th. Finally, Raymond James lowered their target price on Applied Optoelectronics from $31.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.60.

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.