13,854 Shares in Applied Optoelectronics, Inc. (NASDAQ:AAOI) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,854 shares of the semiconductor company's stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAOI. Pingora Partners LLC purchased a new stake in shares of Applied Optoelectronics in the third quarter worth $82,000. FMR LLC lifted its stake in shares of Applied Optoelectronics by 3,290.6% in the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company's stock worth $88,000 after buying an additional 5,956 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Applied Optoelectronics during the fourth quarter valued at approximately $229,000. Chung Wu Investment Group LLC bought a new stake in shares of Applied Optoelectronics during the fourth quarter valued at approximately $262,000. Finally, Arizona State Retirement System raised its holdings in Applied Optoelectronics by 5.7% in the 4th quarter. Arizona State Retirement System now owns 11,246 shares of the semiconductor company's stock worth $415,000 after acquiring an additional 603 shares during the last quarter. Hedge funds and other institutional investors own 61.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Raymond James lifted their target price on Applied Optoelectronics to $31.00 and gave the stock a "buy" rating in a report on Friday, February 28th. 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 report on Friday, March 7th. Northland Securities reissued 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. StockNews.com raised shares of Applied Optoelectronics to a "sell" rating in a research report on Wednesday, February 26th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $36.00 price target on shares of Applied Optoelectronics in a report on Friday, March 14th. One 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.com, the stock currently has an average rating of "Hold" and an average price target of $25.80.

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Applied Optoelectronics Stock Performance

AAOI traded down $1.40 during midday trading on Friday, reaching $16.38. The company had a trading volume of 3,532,429 shares, compared to its average volume of 2,965,536. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $44.50. 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 company has a market cap of $816.56 million, a P/E ratio of -7.95 and a beta of 2.36. The business has a 50-day moving average of $24.22 and a two-hundred day moving average of $25.18.

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

Insider Transactions at Applied Optoelectronics

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the sale, the chief financial officer now directly owns 212,129 shares of the company's stock, valued at $6,728,731.88. The trade was a 1.85 % 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, Director Richard B. Black sold 10,000 shares of Applied Optoelectronics stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 18,298 shares of company stock valued at $543,821 over the last 90 days. Company insiders own 4.96% of the company's stock.

Applied Optoelectronics 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.