Headlands Technologies LLC Acquires 51,647 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Headlands Technologies LLC raised its stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 267.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,949 shares of the semiconductor company's stock after buying an additional 51,647 shares during the quarter. Headlands Technologies LLC owned about 0.15% of Applied Optoelectronics worth $2,615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Applied Optoelectronics by 11.0% during the fourth quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company's stock valued at $89,548,000 after purchasing an additional 241,594 shares during the period. Whale Rock Capital Management LLC bought a new position in shares of Applied Optoelectronics during the third quarter worth $16,145,000. Geode Capital Management LLC grew its holdings in shares of Applied Optoelectronics by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 979,769 shares of the semiconductor company's stock valued at $36,123,000 after buying an additional 70,210 shares during the period. State Street Corp increased its position in shares of Applied Optoelectronics by 27.7% in the 3rd quarter. State Street Corp now owns 887,259 shares of the semiconductor company's stock valued at $12,697,000 after buying an additional 192,308 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd acquired a new stake in Applied Optoelectronics during the 4th quarter worth $27,645,000. 61.72% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, Director Richard B. Black sold 10,000 shares of Applied Optoelectronics stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $29.00, for a total transaction of $290,000.00. Following the completion of the sale, the director now owns 157,813 shares of the company's stock, valued at approximately $4,576,577. The trade was a 5.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stefan J. Murry sold 2,298 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total transaction of $80,820.66. Following the completion of the transaction, the chief financial officer now owns 209,831 shares in the company, valued at approximately $7,379,756.27. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,298 shares of company stock valued at $543,821. 4.96% of the stock is owned by insiders.

Analyst Ratings Changes

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

Applied Optoelectronics Stock Performance

AAOI stock traded down $2.03 during trading hours on Friday, reaching $10.80. The stock had a trading volume of 6,539,501 shares, compared to its average volume of 3,025,022. The stock has a 50-day simple moving average of $22.17 and a 200 day simple moving average of $25.30. Applied Optoelectronics, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $44.50. The stock has a market capitalization of $538.39 million, a PE ratio of -5.24 and a beta of 2.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) 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). The firm had revenue of $100.27 million during the quarter, compared to analyst estimates of $99.92 million. Applied Optoelectronics had a negative net margin of 38.61% and a negative return on equity of 22.36%. Analysts predict that Applied Optoelectronics, Inc. will post -1.18 EPS for the current fiscal year.

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.