Rhumbline Advisers Has $2.22 Million Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Rhumbline Advisers increased its holdings in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,348 shares of the semiconductor company’s stock after buying an additional 5,035 shares during the period. Rhumbline Advisers owned about 0.13% of Applied Optoelectronics worth $2,224,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of Applied Optoelectronics in the third quarter valued at about $1,109,000. Harbor Capital Advisors Inc. bought a new position in shares of Applied Optoelectronics during the 3rd quarter worth approximately $1,319,000. Westfield Capital Management Co. LP acquired a new stake in shares of Applied Optoelectronics during the 3rd quarter worth approximately $19,019,000. Virtu Financial LLC bought a new position in shares of Applied Optoelectronics during the 3rd quarter worth about $353,000. Finally, Affinity Wealth Management LLC acquired a new stake in Applied Optoelectronics in the fourth quarter valued at approximately $7,965,000. 61.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AAOI shares. B. Riley lowered Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price on the stock. in a research report on Tuesday, December 10th. Northland Securities reiterated an “outperform” rating and issued a $40.00 price objective (up previously from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. Raymond James lifted their price target on shares of Applied Optoelectronics to $31.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Wednesday, February 26th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $44.00 price target on shares of Applied Optoelectronics in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.60.

Insider Buying and Selling

In other Applied Optoelectronics news, Director Richard B. Black sold 10,000 shares of Applied Optoelectronics stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $29.00, for a total transaction of $290,000.00. Following the completion of the transaction, the director now owns 157,813 shares in the company, valued at approximately $4,576,577. The trade was a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $80,820.66. Following the sale, the chief financial officer now owns 209,831 shares of the company’s stock, valued at approximately $7,379,756.27. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,298 shares of company stock valued at $850,401 over the last ninety days. Company insiders own 5.40% of the company’s stock.

Applied Optoelectronics Trading Down 18.9 %

NASDAQ AAOI opened at $17.72 on Tuesday. The firm has a market cap of $830.50 million, a PE ratio of -8.60 and a beta of 2.36. Applied Optoelectronics, Inc. has a 1-year low of $6.70 and a 1-year high of $44.50. The stock has a 50-day moving average of $29.95 and a 200-day moving average of $24.31. 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 (NASDAQ:AAOI) last released its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The business had revenue of $100.27 million during the quarter, compared to analysts’ expectations of $99.92 million. Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. As a group, sell-side analysts forecast that Applied Optoelectronics, Inc. will post -1.18 EPS for the current 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.