Goldman Sachs Group Inc. Increases Stock Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Goldman Sachs Group Inc. raised its holdings in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 9,687.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 853,948 shares of the semiconductor company’s stock after purchasing an additional 845,223 shares during the period. Goldman Sachs Group Inc. owned approximately 2.22% of Applied Optoelectronics worth $16,498,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AAOI. Headlands Technologies LLC purchased a new position in Applied Optoelectronics in the 4th quarter worth about $191,000. Bailard Inc. purchased a new stake in Applied Optoelectronics in the fourth quarter worth approximately $305,000. Mach 1 Financial Group LLC bought a new stake in Applied Optoelectronics in the 4th quarter worth approximately $367,000. Alpha DNA Investment Management LLC bought a new stake in Applied Optoelectronics in the 4th quarter worth approximately $409,000. Finally, White Pine Capital LLC purchased a new stake in Applied Optoelectronics during the 4th quarter valued at $689,000. 61.72% of the stock is currently owned by hedge funds and other institutional investors.

Applied Optoelectronics Trading Up 0.1 %

Shares of NASDAQ:AAOI opened at $8.52 on Friday. The stock has a 50 day moving average of $10.68 and a 200 day moving average of $14.76. The company has a market cap of $331.51 million, a PE ratio of -4.68 and a beta of 2.02. Applied Optoelectronics, Inc. has a 12-month low of $4.52 and a 12-month high of $24.75. The company has a current ratio of 1.79, a quick ratio of 1.06 and a debt-to-equity ratio of 0.39.

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

Analyst Ratings Changes

Several analysts recently commented on AAOI shares. StockNews.com raised Applied Optoelectronics to a “sell” rating in a report on Saturday, June 22nd. Rosenblatt Securities reduced their price target on shares of Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, May 10th. B. Riley Financial dropped their price objective on shares of Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. Finally, B. Riley reduced their target price on shares of Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.00.

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.