158,747 Shares in Applied Optoelectronics, Inc. (NASDAQ:AAOI) Acquired by Trexquant Investment LP

Trexquant Investment LP purchased a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 158,747 shares of the semiconductor company's stock, valued at approximately $5,851,000. Trexquant Investment LP owned 0.34% of Applied Optoelectronics as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of AAOI. Corebridge Financial Inc. grew its holdings in Applied Optoelectronics by 2.4% during the fourth quarter. Corebridge Financial Inc. now owns 20,253 shares of the semiconductor company's stock worth $747,000 after acquiring an additional 471 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of 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 worth $210,000 after purchasing an additional 483 shares during the period. Arizona State Retirement System increased its holdings in shares of Applied Optoelectronics by 5.7% during the 4th quarter. Arizona State Retirement System now owns 11,246 shares of the semiconductor company's stock valued at $415,000 after purchasing an additional 603 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of Applied Optoelectronics by 3.6% in the 4th quarter. Virtu Financial LLC now owns 25,529 shares of the semiconductor company's stock valued at $941,000 after purchasing an additional 895 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Applied Optoelectronics during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 61.72% of the company's stock.

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Wall Street Analyst Weigh In

AAOI has been the subject of several recent analyst reports. Northland Securities restated an "outperform" rating and issued a $40.00 price target (up previously from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. 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. StockNews.com raised shares of Applied Optoelectronics to a "sell" rating in a research note on Wednesday, February 26th. Raymond James boosted their price target on shares of Applied Optoelectronics to $31.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price objective 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 issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $25.80.

Insider Activity at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.06, for a total transaction of $46,120.00. Following the completion of the sale, the chief financial officer now owns 196,581 shares in the company, valued at $4,533,157.86. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard B. Black sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $29.00, for a total value of $290,000.00. Following the completion of the transaction, the director now owns 157,813 shares in the company, valued at $4,576,577. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,298 shares of company stock valued at $543,821. 4.96% of the stock is owned by company insiders.

Applied Optoelectronics Price Performance

Shares of Applied Optoelectronics stock traded down $1.88 during trading hours on Thursday, reaching $11.99. 2,398,124 shares of the company's stock were exchanged, compared to its average volume of 3,075,841. The business has a fifty day moving average of $20.70 and a two-hundred day moving average of $25.16. The company has a market capitalization of $597.61 million, a P/E ratio of -5.82 and a beta of 2.57. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $44.50.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last announced its quarterly earnings data 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 net margin of 38.61% and a negative return on equity of 22.36%. The business had revenue of $100.27 million for the quarter, compared to analysts' expectations of $99.92 million. As a group, research analysts predict that Applied Optoelectronics, Inc. will post -1.18 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.