Silvercrest Asset Management Group LLC Purchases 6,730 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Silvercrest Asset Management Group LLC boosted its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,049 shares of the semiconductor company’s stock after purchasing an additional 6,730 shares during the period. Silvercrest Asset Management Group LLC owned 0.50% of Applied Optoelectronics worth $8,664,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Applied Optoelectronics by 11.0% during the fourth quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company’s stock worth $89,548,000 after purchasing an additional 241,594 shares during the period. Emerald Advisers LLC lifted its holdings in Applied Optoelectronics by 15.3% during the 4th quarter. Emerald Advisers LLC now owns 606,997 shares of the semiconductor company’s stock worth $22,374,000 after buying an additional 80,539 shares during the period. Affinity Wealth Management LLC bought a new stake in shares of Applied Optoelectronics in the 4th quarter valued at about $7,965,000. Intech Investment Management LLC acquired a new stake in shares of Applied Optoelectronics in the fourth quarter valued at about $511,000. Finally, Polymer Capital Management HK LTD acquired a new stake in shares of Applied Optoelectronics in the fourth quarter valued at about $1,102,000. 61.72% of the stock is currently owned by institutional investors.

Applied Optoelectronics Stock Down 1.0%

Shares of NASDAQ AAOI opened at $18.69 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.04 billion, a PE ratio of -9.07 and a beta of 2.55. The company’s fifty day simple moving average is $15.16 and its 200 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.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Thursday, May 8th. The semiconductor company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $99.86 million for the quarter, compared to analyst estimates of $99.37 million. Applied Optoelectronics had a negative net margin of 38.61% and a negative return on equity of 22.36%. The business’s quarterly revenue was up 145.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.31) earnings per share. As a group, sell-side analysts forecast that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on AAOI shares. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research report on Wednesday, February 26th. Rosenblatt Securities increased their price objective on shares of Applied Optoelectronics to $30.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Raymond James lowered 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. Finally, B. Riley raised shares of Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $13.00 price target on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.00.

Insiders Place Their Bets

In related news, CFO Stefan J. Murry sold 2,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.06, for a total value of $46,120.00. Following the transaction, the chief financial officer now directly owns 196,581 shares in the company, valued at $4,533,157.86. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hung-Lun (Fred) Chang sold 23,837 shares of Applied Optoelectronics stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $19.06, for a total transaction of $454,333.22. Following the completion of the sale, the insider now directly owns 278,842 shares of the company’s stock, valued at approximately $5,314,728.52. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,263 shares of company stock worth $740,590. Corporate insiders own 4.96% of the company’s stock.

About Applied Optoelectronics

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.