Rice Hall James & Associates LLC Increases Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Rice Hall James & Associates LLC increased its holdings in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 75.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 235,763 shares of the semiconductor company's stock after acquiring an additional 101,640 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.61% of Applied Optoelectronics worth $3,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Applied Optoelectronics by 29.2% during the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company's stock worth $27,089,000 after purchasing an additional 442,277 shares during the period. AQR Capital Management LLC raised its position in Applied Optoelectronics by 90.7% in the second quarter. AQR Capital Management LLC now owns 75,981 shares of the semiconductor company's stock worth $630,000 after acquiring an additional 36,138 shares during the period. Bank of New York Mellon Corp purchased a new position in Applied Optoelectronics in the second quarter valued at about $956,000. Swiss National Bank purchased a new position in Applied Optoelectronics in the first quarter valued at about $1,123,000. Finally, Kennedy Capital Management LLC grew its position in shares of Applied Optoelectronics by 88.6% during the 1st quarter. Kennedy Capital Management LLC now owns 463,213 shares of the semiconductor company's stock valued at $6,420,000 after acquiring an additional 217,624 shares during the period. Hedge funds and other institutional investors own 61.72% of the company's stock.

Insider Transactions at Applied Optoelectronics

In related news, insider David C. Kuo sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $15.02, for a total transaction of $150,200.00. Following the completion of the transaction, the insider now directly owns 132,921 shares in the company, valued at $1,996,473.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.40% of the company's stock.

Analyst Ratings Changes

AAOI has been the topic of several research analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price objective on shares of Applied Optoelectronics in a research note on Wednesday, October 9th. StockNews.com upgraded Applied Optoelectronics to a "sell" rating in a research note on Friday, October 25th. Raymond James upgraded Applied Optoelectronics from a "market perform" rating to an "outperform" rating and set a $17.00 price objective on the stock in a research note on Tuesday, September 3rd. B. Riley cut their target price on shares of Applied Optoelectronics from $12.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Finally, B. Riley Financial reiterated a "neutral" rating and issued a $9.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.75.

Applied Optoelectronics Price Performance

AAOI traded up $1.22 during trading on Friday, reaching $16.84. 2,367,350 shares of the company were exchanged, compared to its average volume of 2,450,000. Applied Optoelectronics, Inc. has a 12-month low of $6.70 and a 12-month high of $24.75. The company's 50-day moving average is $14.69 and its two-hundred day moving average is $11.54. The company has a quick ratio of 0.97, a current ratio of 1.64 and a debt-to-equity ratio of 0.41. The company has a market cap of $688.76 million, a price-to-earnings ratio of -8.82 and a beta of 1.96.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating analysts' consensus estimates of ($0.29) by $0.01. The company had revenue of $43.27 million during the quarter, compared to analyst estimates of $44.14 million. Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%. Applied Optoelectronics's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business earned ($0.31) earnings per share. Research analysts forecast that Applied Optoelectronics, Inc. will post -1.08 earnings per share for the current fiscal year.

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.