Independent Financial Group LLC purchased a new stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,638 shares of the semiconductor company’s stock, valued at approximately $646,000.
Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in Applied Optoelectronics by 1.4% during the first quarter. Geneos Wealth Management Inc. now owns 18,072 shares of the semiconductor company’s stock worth $1,529,000 after buying an additional 243 shares during the period. Comerica Bank raised its stake in shares of Applied Optoelectronics by 27.6% in the 4th quarter. Comerica Bank now owns 1,386 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 300 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Applied Optoelectronics by 3.6% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 16,073 shares of the semiconductor company’s stock valued at $560,000 after acquiring an additional 556 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Applied Optoelectronics by 1,923.7% during the 4th quarter. Allworth Financial LP now owns 769 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 731 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Applied Optoelectronics by 166.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,200 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 750 shares in the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.
Applied Optoelectronics Stock Performance
Shares of AAOI stock opened at $110.52 on Thursday. 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 0.18, a current ratio of 3.83 and a quick ratio of 3.03. The firm has a market capitalization of $8.87 billion, a P/E ratio of -167.45 and a beta of 3.69. The company’s fifty day moving average price is $154.12 and its two-hundred day moving average price is $112.68.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 target price on shares of Applied Optoelectronics in a research note on Monday, June 22nd. Raymond James Financial reissued an “outperform” rating on shares of Applied Optoelectronics in a research report on Wednesday, June 10th. Wall Street Zen cut Applied Optoelectronics from a “hold” rating to a “sell” rating in a report on Monday, April 13th. Needham & Company LLC decreased their price target on Applied Optoelectronics from $260.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Optoelectronics in a research report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Applied Optoelectronics currently has a consensus rating of “Hold” and a consensus price target of $141.80.
Check Out Our Latest Stock Report on Applied Optoelectronics
Insider Transactions at Applied Optoelectronics
In other Applied Optoelectronics news, CFO Stefan J. Murry sold 33,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $173.26, for a total transaction of $5,717,580.00. Following the completion of the sale, the chief financial officer owned 451,906 shares in the company, valued at $78,297,233.56. This trade represents a 6.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shu-Hua (Joshua) Yeh sold 39,154 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $173.26, for a total value of $6,783,822.04. Following the sale, the insider owned 462,430 shares of the company’s stock, valued at approximately $80,120,621.80. This trade represents a 7.81% decrease in their position. 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. Insiders have sold a total of 500,215 shares of company stock valued at $86,658,774 in the last three months. 3.80% of the stock is currently owned by company insiders.
About Applied Optoelectronics
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.
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