M & L Capital Management Ltd bought a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,800 shares of the semiconductor company’s stock, valued at approximately $1,568,000. Applied Optoelectronics makes up approximately 0.3% of M & L Capital Management Ltd’s investment portfolio, making the stock its 21st biggest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its stake in Applied Optoelectronics by 228.1% during the third quarter. Oppenheimer & Co. Inc. now owns 7,103 shares of the semiconductor company’s stock worth $705,000 after buying an additional 4,938 shares in the last quarter. Signaturefd LLC raised its stake in shares of Applied Optoelectronics by 206.8% in the 3rd quarter. Signaturefd LLC now owns 2,043 shares of the semiconductor company’s stock valued at $203,000 after buying an additional 1,377 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of Applied Optoelectronics by 99.0% in the 3rd quarter. Wedbush Securities Inc. now owns 6,244 shares of the semiconductor company’s stock valued at $620,000 after buying an additional 3,106 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of Applied Optoelectronics in the 3rd quarter valued at $481,000. Finally, MBL Wealth LLC lifted its holdings in shares of Applied Optoelectronics by 364.7% during the 3rd quarter. MBL Wealth LLC now owns 14,331 shares of the semiconductor company’s stock worth $1,422,000 after acquiring an additional 11,247 shares during the period. 61.70% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
AAOI has been the topic of several recent research reports. Wall Street Zen upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. B. Riley Financial dropped their price target on shares of Applied Optoelectronics from $109.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Needham & Company LLC cut their price target on shares of Applied Optoelectronics from $190.00 to $170.00 and set a “buy” rating for the company in a research note on Tuesday. Weiss Ratings upgraded shares of Applied Optoelectronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, October 21st. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $178.00 price objective on shares of Applied Optoelectronics in a report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.00.
Get Our Latest Research Report on AAOI
Insider Buying and Selling at Applied Optoelectronics
In other Applied Optoelectronics news, insider Hung-Lun Chang sold 32,172 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $110.21, for a total transaction of $3,545,676.12. Following the sale, the insider directly owned 249,276 shares of the company’s stock, valued at approximately $27,472,707.96. This represents a 11.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shu-Hua Yeh sold 6,000 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $120.03, for a total transaction of $720,180.00. Following the sale, the insider directly owned 371,498 shares in the company, valued at $44,590,904.94. This represents a 1.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 56,887 shares of company stock worth $6,581,484 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.
Applied Optoelectronics Price Performance
Shares of NASDAQ AAOI opened at $76.95 on Wednesday. The business has a fifty day moving average of $101.80 and a two-hundred day moving average of $112.09. Applied Optoelectronics, Inc. has a 52-week low of $18.50 and a 52-week high of $233.67.
Applied Optoelectronics (NASDAQ:AAOI – Get Free Report) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $191.92 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. As a group, equities analysts forecast that Applied Optoelectronics, Inc. will post 0.55 earnings per share for the current fiscal year.
About Applied Optoelectronics
Applied Optoelectronics, Inc (NASDAQ: AAOI) develops and manufactures fiber-optic networking products and solutions. Its offerings include optical transceivers, transmitters, receivers, lasers, and related components used to transmit data across fiber-optic networks.
The company serves several communications markets, including data centers, broadband access networks, cable television, and telecommunications. Its products are designed for applications such as high-speed data transmission, fiber-to-the-home and other broadband deployments, network connectivity, and communications infrastructure.
Founded in 1997 and headquartered in Sugar Land, Texas, Applied Optoelectronics supports customers in multiple regions, including North America, Asia, and other international markets.
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