AQR Capital Management LLC Purchases 36,138 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI)

AQR Capital Management LLC lifted its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 90.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,981 shares of the semiconductor company’s stock after purchasing an additional 36,138 shares during the quarter. AQR Capital Management LLC owned about 0.20% of Applied Optoelectronics worth $630,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AAOI. Goldman Sachs Group Inc. grew its position in Applied Optoelectronics by 9,687.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 853,948 shares of the semiconductor company’s stock worth $16,498,000 after acquiring an additional 845,223 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Applied Optoelectronics in the fourth quarter worth about $1,501,000. BNP Paribas Financial Markets grew its position in Applied Optoelectronics by 245.7% in the first quarter. BNP Paribas Financial Markets now owns 49,661 shares of the semiconductor company’s stock worth $688,000 after acquiring an additional 35,295 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Applied Optoelectronics in the first quarter worth about $2,620,000. Finally, GSA Capital Partners LLP grew its position in Applied Optoelectronics by 34.6% in the first quarter. GSA Capital Partners LLP now owns 87,844 shares of the semiconductor company’s stock worth $1,218,000 after acquiring an additional 22,592 shares in the last quarter. 61.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research report on Thursday, October 3rd. B. Riley Financial restated a “neutral” rating and set a $9.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Rosenblatt Securities restated a “buy” rating and set a $20.00 target price on shares of Applied Optoelectronics in a research report on Wednesday, October 9th. Raymond James upgraded Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $17.00 target price for the company in a research report on Tuesday, September 3rd. Finally, B. Riley decreased their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.75.

Applied Optoelectronics Stock Performance

Applied Optoelectronics stock opened at $17.86 on Monday. The company has a 50 day moving average price of $11.93 and a 200-day moving average price of $11.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.64. Applied Optoelectronics, Inc. has a fifty-two week low of $6.66 and a fifty-two week high of $24.75. The company has a market capitalization of $694.90 million, a PE ratio of -9.81 and a beta of 1.96.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. The company had revenue of $43.27 million during the quarter, compared to the consensus estimate 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 for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. As a group, equities analysts forecast that Applied Optoelectronics, Inc. will post -1.08 earnings per share for the current year.

Insider Buying and Selling

In related news, insider David C. Kuo sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total value of $150,200.00. Following the completion of the transaction, the insider now owns 132,921 shares of the company’s stock, valued at $1,996,473.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.40% of the stock is currently owned by 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.