Emerald Advisers LLC Boosts Stock Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Emerald Advisers LLC increased its stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 15.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 606,997 shares of the semiconductor company’s stock after buying an additional 80,539 shares during the period. Emerald Advisers LLC owned 1.30% of Applied Optoelectronics worth $22,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pingora Partners LLC purchased a new stake in shares of Applied Optoelectronics in the 3rd quarter worth approximately $82,000. FMR LLC boosted its stake in Applied Optoelectronics by 3,290.6% during the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 5,956 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Applied Optoelectronics during the 3rd quarter valued at $186,000. The Manufacturers Life Insurance Company boosted its stake in Applied Optoelectronics by 3.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock valued at $210,000 after purchasing an additional 483 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in Applied Optoelectronics by 24.3% during the 3rd quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 3,097 shares during the last quarter. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Trading Down 3.1 %

Shares of AAOI stock opened at $20.43 on Friday. Applied Optoelectronics, Inc. has a 12-month low of $6.70 and a 12-month high of $44.50. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $24.97 and its 200-day moving average price is $25.04. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -9.92 and a beta of 2.36.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. The firm had revenue of $100.27 million during the quarter, compared to the consensus estimate of $99.92 million. Equities research analysts predict that Applied Optoelectronics, Inc. will post -1.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Applied Optoelectronics news, Director Richard B. Black sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $29.00, for a total transaction of $290,000.00. Following the sale, the director now directly owns 157,813 shares of the company’s stock, valued at $4,576,577. The trade was a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stefan J. Murry sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 196,581 shares in the company, valued at $4,533,157.86. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,298 shares of company stock valued at $543,821 over the last ninety days. 4.96% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the company. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Wednesday, February 26th. Rosenblatt Securities restated a “buy” rating and issued a $36.00 price target on shares of Applied Optoelectronics in a research note on Friday, March 14th. Raymond James raised their price target on Applied Optoelectronics to $31.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Northland Securities restated an “outperform” rating and issued a $40.00 price target (up from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. Finally, B. Riley upgraded Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $13.00 price target on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.80.

Applied Optoelectronics Company Profile

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.