BNP Paribas Arbitrage SA raised its stake in Applied Optoelectronics Inc (NASDAQ:AAOI) by 253.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,073 shares of the semiconductor company’s stock after acquiring an additional 28,742 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.21% of Applied Optoelectronics worth $2,592,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. grew its position in shares of Applied Optoelectronics by 29.6% during the 1st quarter. Alliancebernstein L.P. now owns 17,500 shares of the semiconductor company’s stock worth $983,000 after buying an additional 4,000 shares during the period. Teachers Advisors LLC boosted its stake in Applied Optoelectronics by 2.3% during the 1st quarter. Teachers Advisors LLC now owns 29,403 shares of the semiconductor company’s stock worth $1,651,000 after acquiring an additional 668 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Applied Optoelectronics by 55.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 73,090 shares of the semiconductor company’s stock worth $4,104,000 after acquiring an additional 26,104 shares during the last quarter. Legal & General Group Plc boosted its stake in Applied Optoelectronics by 3.6% during the 1st quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock worth $248,000 after acquiring an additional 153 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Applied Optoelectronics by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 636,472 shares of the semiconductor company’s stock worth $35,737,000 after acquiring an additional 45,353 shares during the last quarter. Hedge funds and other institutional investors own 76.69% of the company’s stock.
In other news, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $45.30, for a total value of $58,890.00. Following the completion of the transaction, the chief executive officer now owns 522,837 shares of the company’s stock, valued at $23,684,516.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan D. Moore acquired 22,400 shares of the stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $44.60 per share, with a total value of $999,040.00. The disclosure for this purchase can be found here. Insiders have sold 13,900 shares of company stock valued at $731,374 in the last ninety days. 8.19% of the stock is currently owned by company insiders.
Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) traded down $1.90 during trading on Thursday, hitting $38.84. 2,192,699 shares of the stock were exchanged, compared to its average volume of 2,580,423. The company has a market capitalization of $757.97, a PE ratio of 10.09, a PEG ratio of 0.59 and a beta of 2.88. Applied Optoelectronics Inc has a 52 week low of $21.88 and a 52 week high of $103.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99.
Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.23). Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The firm had revenue of $88.90 million for the quarter, compared to the consensus estimate of $88.53 million. During the same period in the prior year, the company earned $0.38 EPS. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. equities analysts anticipate that Applied Optoelectronics Inc will post 4.22 EPS for the current year.
AAOI has been the topic of a number of research reports. Cowen reaffirmed an “outperform” rating and issued a $102.00 price target (up previously from $100.00) on shares of Applied Optoelectronics in a research note on Wednesday, August 9th. Vetr raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating and set a $76.81 price target on the stock in a research note on Wednesday, August 9th. Roth Capital reissued a “buy” rating and issued a $90.00 price objective on shares of Applied Optoelectronics in a research report on Thursday, August 10th. BWS Financial set a $25.00 price objective on shares of Applied Optoelectronics and gave the stock a “sell” rating in a research report on Wednesday, August 16th. Finally, BidaskClub lowered shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Four analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and four have assigned a strong buy rating to the stock. Applied Optoelectronics currently has an average rating of “Buy” and an average target price of $60.20.
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About Applied Optoelectronics
Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.
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