Pinpoint Asset Management Ltd Decreases Stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Pinpoint Asset Management Ltd decreased its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 95.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,562 shares of the semiconductor company's stock after selling 32,009 shares during the period. Pinpoint Asset Management Ltd's holdings in Applied Optoelectronics were worth $58,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AAOI. XTX Topco Ltd bought a new stake in Applied Optoelectronics in the 3rd quarter worth approximately $1,109,000. Virtu Financial LLC purchased a new stake in Applied Optoelectronics during the third quarter valued at $353,000. Emerald Advisers LLC lifted its position in Applied Optoelectronics by 15.3% during the fourth quarter. Emerald Advisers LLC now owns 606,997 shares of the semiconductor company's stock valued at $22,374,000 after purchasing an additional 80,539 shares during the last quarter. Affinity Wealth Management LLC purchased a new position in shares of Applied Optoelectronics in the 4th quarter worth $7,965,000. Finally, State Street Corp increased its holdings 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 worth $12,697,000 after buying an additional 192,308 shares during the last quarter. 61.72% of the stock is owned by institutional investors.

Applied Optoelectronics Trading Up 1.4 %

Shares of AAOI traded up $0.15 during trading hours on Wednesday, reaching $10.85. 2,241,823 shares of the company traded hands, compared to its average volume of 3,054,828. The firm has a market cap of $540.93 million, a price-to-earnings ratio of -5.25 and a beta of 2.57. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. Applied Optoelectronics, Inc. has a 12-month low of $6.70 and a 12-month high of $44.50. The stock's fifty day moving average price is $21.27 and its 200 day moving average price is $25.24.

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

Analyst Ratings Changes

Several research analysts recently commented on AAOI shares. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price target on shares of Applied Optoelectronics in a research report on Friday, March 14th. B. Riley raised Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 target price on the stock in a research report on Friday, March 7th. 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 report on Wednesday, December 18th. StockNews.com upgraded shares of Applied Optoelectronics to a "sell" rating in a research report on Wednesday, February 26th. Finally, Raymond James raised their target price on shares of Applied Optoelectronics to $31.00 and gave the stock a "buy" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $25.80.

Insider Buying and Selling

In other news, CFO Stefan J. Murry sold 2,298 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total value of $80,820.66. Following the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard B. Black sold 10,000 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $29.00, for a total value of $290,000.00. Following the transaction, the director now owns 157,813 shares in the company, valued at approximately $4,576,577. This trade represents 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 three months. 4.96% of the stock is owned by company insiders.

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.