Guggenheim Capital LLC Takes $357,000 Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Guggenheim Capital LLC purchased a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,677 shares of the semiconductor company’s stock, valued at approximately $357,000.

Several other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Applied Optoelectronics during the 4th quarter worth approximately $38,000. Sterling Capital Management LLC lifted its position in shares of Applied Optoelectronics by 858.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company’s stock worth $47,000 after buying an additional 1,150 shares during the last quarter. Summit Investment Advisors Inc. raised its position in Applied Optoelectronics by 17.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company’s stock valued at $157,000 after purchasing an additional 637 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in Applied Optoelectronics in the 4th quarter valued at $229,000. Finally, Pictet Asset Management Holding SA purchased a new stake in Applied Optoelectronics in the 4th quarter valued at $245,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

Applied Optoelectronics Trading Down 1.8 %

AAOI stock opened at $12.56 on Monday. The company has a market cap of $695.11 million, a price-to-earnings ratio of -6.10 and a beta of 2.57. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $16.82 and a 200-day simple moving average of $24.92. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $44.50.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. The firm had revenue of $100.27 million for the quarter, compared to analyst estimates of $99.92 million. On average, equities research analysts expect that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Raymond James restated an “outperform” rating and set a $20.00 price objective on shares of Applied Optoelectronics in a research report on Thursday. B. Riley raised shares of Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $13.00 price target on the stock in a research note on Friday, March 7th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research note on Wednesday, February 26th. Finally, Rosenblatt Securities reduced their target price on shares of Applied Optoelectronics from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Applied Optoelectronics has an average rating of “Hold” and a consensus price target of $22.40.

Insider Buying and Selling

In related news, CFO Stefan J. Murry sold 2,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.06, for a total transaction of $46,120.00. Following the completion of the sale, the chief financial officer now directly owns 196,581 shares of the company’s stock, valued at approximately $4,533,157.86. This represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.96% of the stock is owned by corporate insiders.

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.