Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 141,920 shares of the semiconductor company’s stock, valued at approximately $14,087,000.
Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Applied Optoelectronics by 1.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 18,072 shares of the semiconductor company’s stock worth $1,529,000 after acquiring an additional 243 shares during the period. Allworth Financial LP grew its holdings in Applied Optoelectronics by 68.8% in the second quarter. Allworth Financial LP now owns 596 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 243 shares during the period. Polaris Financial Partners purchased a new stake in Applied Optoelectronics in the third quarter valued at approximately $26,000. EFG International AG purchased a new stake in Applied Optoelectronics in the second quarter valued at approximately $44,000. Finally, Persistent Asset Partners Ltd purchased a new stake in Applied Optoelectronics in the second quarter valued at approximately $47,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.
Applied Optoelectronics News Roundup
Here are the key news stories impacting Applied Optoelectronics this week:
- Positive Sentiment: Northland Securities upgraded AAOI from “market perform” to “outperform” and set a $120 price target, a bullish signal ahead of earnings. Northland Securities upgrade
- Positive Sentiment: Pre-earnings coverage points to strong AI-infrastructure demand and expanding capacity as potential growth drivers. A separate preview highlights the company’s growth outlook going into the report. Zacks Q3 earnings outlook Seeking Alpha earnings preview
- Positive Sentiment: AAOI participated in a rebound among optical-networking stocks, suggesting sector-wide buying helped sentiment. Optical stocks rebound
- Neutral Sentiment: Investors are focused on the upcoming Q3 results for evidence that demand and capacity expansion are translating into execution and growth. Investor attention ahead of earnings
- Negative Sentiment: Coverage flags supply constraints and valuation as risks. AAOI has also fallen sharply since June, leaving the shares vulnerable if results or outlook disappoint. Risks ahead of Q3 earnings Valuation and outlook discussion
Wall Street Analysts Forecast Growth
AAOI has been the subject of several research analyst reports. Wall Street Zen raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Applied Optoelectronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, October 21st. Northland Securities upgraded shares of Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a report on Monday. B. Riley Financial lowered their price objective on shares of Applied Optoelectronics from $109.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. Finally, Raymond James Financial restated an “outperform” rating and set a $178.00 price objective on shares of Applied Optoelectronics in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $156.00.
Get Our Latest Research Report on AAOI
Insider Buying and Selling
In other Applied Optoelectronics news, insider Shu-Hua Yeh sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $147.73, for a total value of $886,380.00. Following the completion of the sale, the insider owned 377,498 shares of the company’s stock, valued at $55,767,779.54. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stefan J. Murry sold 4,000 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $102.87, for a total transaction of $411,480.00. Following the completion of the sale, the chief financial officer directly owned 363,168 shares of the company’s stock, valued at $37,359,092.16. This trade represents a 1.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 52,172 shares of company stock valued at $5,985,036. Corporate insiders own 3.80% of the company’s stock.
Applied Optoelectronics Trading Up 2.4%
Shares of AAOI opened at $63.97 on Wednesday. The stock’s 50-day moving average is $96.64 and its two-hundred day moving average is $113.03. The stock has a market cap of $5.41 billion, a PE ratio of -82.01 and a beta of 4.04. Applied Optoelectronics, Inc. has a 12 month low of $18.50 and a 12 month high of $233.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.78 and a quick ratio of 2.13.
Applied Optoelectronics (NASDAQ:AAOI – Get Free Report) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $191.92 million during the quarter, compared to analyst estimates of $190.48 million. During the same quarter last year, the firm earned ($0.16) earnings per share. The company’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 analysts forecast that Applied Optoelectronics, Inc. will post 0.55 earnings per share for the current fiscal year.
Applied Optoelectronics Company Profile
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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