Citizens Financial Group Inc. RI Takes $1.68 Million Position in Applied Optoelectronics, Inc. $AAOI

Posted by Francis Steltz on Aug 19th, 2026

Citizens Financial Group Inc. RI acquired a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,307 shares of the semiconductor company’s stock, valued at approximately $1,675,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAOI. California State Teachers Retirement System increased its holdings in Applied Optoelectronics by 23.2% during the 1st quarter. California State Teachers Retirement System now owns 70,464 shares of the semiconductor company’s stock worth $5,961,000 after purchasing an additional 13,265 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at about $7,719,000. Andar Capital Management HK Ltd bought a new stake in shares of Applied Optoelectronics in the first quarter valued at about $11,335,000. Assenagon Asset Management S.A. bought a new stake in shares of Applied Optoelectronics in the first quarter valued at about $4,125,000. Finally, Next Century Growth Investors LLC acquired a new position in shares of Applied Optoelectronics during the fourth quarter worth about $16,220,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AAOI shares. B. Riley Financial reiterated a “neutral” rating on shares of Applied Optoelectronics in a report on Friday, August 7th. Rosenblatt Securities restated a “buy” rating and issued a $220.00 target price on shares of Applied Optoelectronics in a research note on Friday, August 7th. Weiss Ratings downgraded Applied Optoelectronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Raymond James Financial reaffirmed an “outperform” rating and set a $178.00 price target on shares of Applied Optoelectronics in a research note on Tuesday, August 11th. Finally, Needham & Company LLC lowered their price objective on shares of Applied Optoelectronics from $220.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $139.40.

View Our Latest Report on AAOI

Applied Optoelectronics Trading Down 15.2%

Shares of Applied Optoelectronics stock opened at $131.41 on Wednesday. Applied Optoelectronics, Inc. has a 12-month low of $18.50 and a 12-month high of $233.67. The stock has a market cap of $11.11 billion, a P/E ratio of -168.47 and a beta of 3.76. The company has a quick ratio of 2.13, a current ratio of 2.78 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $130.54 and its 200-day moving average is $123.66.

Applied Optoelectronics (NASDAQ:AAOI – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Applied Optoelectronics had a negative return on equity of 1.98% and a negative net margin of 9.57%.The company had revenue of $191.92 million during the quarter, compared to the consensus estimate of $190.48 million. During the same quarter in the prior year, the firm posted ($0.16) EPS. The firm’s revenue for the quarter was up 86.3% compared to the same quarter last year. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. Equities research analysts predict that Applied Optoelectronics, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Stefan J. Murry sold 4,000 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $122.09, for a total transaction of $488,360.00. Following the transaction, the chief financial officer directly owned 380,576 shares in the company, valued at $46,464,523.84. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David C. Kuo sold 29,227 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $166.53, for a total transaction of $4,867,172.31. Following the completion of the sale, the insider directly owned 149,078 shares in the company, valued at approximately $24,825,959.34. The trade was a 16.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 323,204 shares of company stock valued at $55,700,961. 3.80% of the stock is owned by corporate insiders.

Applied Optoelectronics Company Profile

(Free Report)

Applied Optoelectronics, Inc develops and manufactures high-speed fiber-optic networking products designed to support the growing bandwidth demands of data centers, telecommunications carriers and internet content providers. The company’s core offerings include pluggable optical transceiver modules, transponders and optical components that enable data transmission at rates ranging from 1G to 400G. These products are used to facilitate long-haul, metro and intra-data center connectivity, addressing the need for scalable, low-latency and energy-efficient solutions in modern network infrastructures.

The company’s product portfolio spans small-form factor pluggable modules such as SFP+, QSFP+ and QSFP28 units, as well as more advanced form factors like CFP2 and OSFP for ultra-high-speed applications.