Global Trust Asset Management LLC increased its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI – Free Report) by 114.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,562 shares of the semiconductor company’s stock after purchasing an additional 31,758 shares during the quarter. Applied Optoelectronics accounts for about 1.9% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. Global Trust Asset Management LLC’s holdings in Applied Optoelectronics were worth $5,038,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Dupree Financial Group LLC bought a new stake in Applied Optoelectronics during the first quarter valued at $692,000. Pictet Asset Management Holding SA lifted its position in shares of Applied Optoelectronics by 30.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 10,307 shares of the semiconductor company’s stock worth $872,000 after buying an additional 2,380 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Applied Optoelectronics in the 1st quarter worth about $4,125,000. Krilogy Financial LLC acquired a new position in shares of Applied Optoelectronics in the 1st quarter valued at about $151,000. Finally, Brookstone Capital Management acquired a new position in shares of Applied Optoelectronics in the 1st quarter valued at about $541,000. Institutional investors and hedge funds own 61.70% of the company’s stock.
Applied Optoelectronics Trading Down 1.3%
Shares of NASDAQ:AAOI opened at $148.16 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.03 and a current ratio of 3.83. Applied Optoelectronics, Inc. has a 1-year low of $18.50 and a 1-year high of $233.67. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of -224.48 and a beta of 3.66. The company has a 50 day moving average price of $169.48 and a 200 day moving average price of $103.51.
Insider Buying and Selling
In other news, CFO Stefan J. Murry sold 33,000 shares of Applied Optoelectronics stock in a transaction on Friday, June 12th. The stock was sold at an average price of $166.53, for a total transaction of $5,495,490.00. Following the transaction, the chief financial officer owned 384,576 shares in the company, valued at approximately $64,043,441.28. The trade was a 7.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Chih-Hsiang (Thompson) Lin sold 59,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $166.53, for a total value of $9,825,270.00. Following the transaction, the chief executive officer directly owned 1,302,436 shares in the company, valued at $216,894,667.08. The trade was a 4.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 500,215 shares of company stock valued at $86,716,414. 3.80% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on AAOI shares. Raymond James Financial reiterated an “outperform” rating on shares of Applied Optoelectronics in a research note on Wednesday, June 10th. Rosenblatt Securities restated a “buy” rating and issued a $220.00 target price on shares of Applied Optoelectronics in a research note on Monday, June 22nd. Finally, Wall Street Zen lowered Applied Optoelectronics from a “hold” rating to a “sell” rating in a report on Monday, April 13th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $113.80.
Read Our Latest Analysis on Applied Optoelectronics
Applied Optoelectronics Company Profile
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.
Further Reading
- Five stocks we like better than Applied Optoelectronics
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Want to see what other hedge funds are holding AAOI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Optoelectronics, Inc. (NASDAQ:AAOI – Free Report).
Receive News & Ratings for Applied Optoelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics and related companies with MarketBeat.com's FREE daily email newsletter.
