Point72 Asset Management L.P. Has $4.70 Million Stock Position in Applied Optoelectronics Inc (NASDAQ:AAOI)

Point72 Asset Management L.P. increased its stake in shares of Applied Optoelectronics Inc (NASDAQ:AAOI) by 39.7% during the third quarter, HoldingsChannel reports. The fund owned 419,100 shares of the semiconductor company’s stock after acquiring an additional 119,100 shares during the quarter. Point72 Asset Management L.P.’s holdings in Applied Optoelectronics were worth $4,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AAOI. Tower Research Capital LLC TRC boosted its holdings in Applied Optoelectronics by 76.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,637 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 1,141 shares during the period. Meadow Creek Investment Management LLC increased its holdings in shares of Applied Optoelectronics by 37.1% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 4,848 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 1,312 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Applied Optoelectronics during the 2nd quarter worth about $51,000. Neuburgh Advisers LLC raised its position in shares of Applied Optoelectronics by 37.1% during the second quarter. Neuburgh Advisers LLC now owns 6,666 shares of the semiconductor company’s stock valued at $68,000 after buying an additional 1,804 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in shares of Applied Optoelectronics by 35.2% during the second quarter. Riverhead Capital Management LLC now owns 7,685 shares of the semiconductor company’s stock valued at $79,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 61.77% of the company’s stock.

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 6,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $10.41, for a total transaction of $62,460.00. Following the completion of the transaction, the chief financial officer now owns 65,443 shares in the company, valued at $681,261.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.64% of the stock is owned by company insiders.

AAOI has been the topic of a number of recent research reports. Zacks Investment Research downgraded Applied Optoelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut Applied Optoelectronics from a “neutral” rating to an “underweight” rating and set a $11.00 price target for the company. in a report on Tuesday, October 22nd. They noted that the move was a valuation call. Northland Securities reiterated a “sell” rating and issued a $6.50 price objective on shares of Applied Optoelectronics in a research report on Thursday, August 8th. ValuEngine raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. Finally, Rosenblatt Securities raised Applied Optoelectronics from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $13.00 in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $11.58.

Shares of AAOI stock opened at $10.71 on Tuesday. The firm has a fifty day moving average of $10.52 and a 200-day moving average of $9.96. Applied Optoelectronics Inc has a 52-week low of $8.34 and a 52-week high of $21.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 2.96.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.09. The business had revenue of $46.08 million for the quarter, compared to analyst estimates of $47.75 million. Applied Optoelectronics had a negative net margin of 19.57% and a negative return on equity of 8.12%. The firm’s revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. Sell-side analysts expect that Applied Optoelectronics Inc will post -1.46 earnings per share for the current year.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

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Institutional Ownership by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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