Nomura Holdings Inc. Takes $1.50 Million Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Nomura Holdings Inc. bought a new stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 77,689 shares of the semiconductor company’s stock, valued at approximately $1,501,000. Nomura Holdings Inc. owned 0.20% of Applied Optoelectronics as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Trexquant Investment LP bought a new stake in shares of Applied Optoelectronics during the 3rd quarter valued at $1,559,000. SG Americas Securities LLC acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth $9,716,000. Quadrature Capital Ltd acquired a new position in shares of Applied Optoelectronics during the 3rd quarter worth $1,436,000. Acuitas Investments LLC acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth $3,010,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth $1,251,000. 61.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AAOI shares. Rosenblatt Securities lowered their price target on Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, May 10th. TheStreet raised Applied Optoelectronics from a “d” rating to a “c-” rating in a report on Friday, February 23rd. B. Riley lowered their price target on Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 10th. B. Riley Financial lowered their price target on Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Finally, StockNews.com raised Applied Optoelectronics to a “sell” rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Applied Optoelectronics currently has a consensus rating of “Hold” and an average target price of $15.00.

Applied Optoelectronics Price Performance

Shares of AAOI opened at $10.04 on Thursday. Applied Optoelectronics, Inc. has a 12-month low of $3.59 and a 12-month high of $24.75. The business has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $15.11. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 0.39. The stock has a market cap of $390.66 million, a PE ratio of -5.52 and a beta of 2.02.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Thursday, May 9th. The semiconductor company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.03). Applied Optoelectronics had a negative net margin of 30.65% and a negative return on equity of 16.30%. The company had revenue of $40.67 million during the quarter, compared to the consensus estimate of $43.56 million. Analysts anticipate that Applied Optoelectronics, Inc. will post -0.24 earnings per share for the current fiscal year.

About Applied Optoelectronics

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.