Acuitas Investments LLC Purchases New Shares in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Acuitas Investments LLC purchased a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 155,781 shares of the semiconductor company’s stock, valued at approximately $3,010,000. Applied Optoelectronics comprises 1.5% of Acuitas Investments LLC’s holdings, making the stock its 20th biggest holding. Acuitas Investments LLC owned about 0.44% of Applied Optoelectronics at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of Applied Optoelectronics in the third quarter valued at about $167,000. Bailard Inc. bought a new stake in Applied Optoelectronics during the 4th quarter worth about $305,000. Jump Financial LLC bought a new stake in Applied Optoelectronics during the 3rd quarter worth about $320,000. Bank of New York Mellon Corp raised its holdings in Applied Optoelectronics by 360.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 48,617 shares of the semiconductor company’s stock worth $533,000 after purchasing an additional 38,066 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Applied Optoelectronics during the 4th quarter worth about $1,251,000. 61.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AAOI shares. B. Riley reissued a “neutral” rating and set a $16.00 price objective (down from $22.00) on shares of Applied Optoelectronics in a report on Friday, February 23rd. TheStreet raised Applied Optoelectronics from a “d” rating to a “c-” rating in a report on Friday, February 23rd. Finally, Rosenblatt Securities dropped their price objective on Applied Optoelectronics from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.88.

Applied Optoelectronics Trading Down 3.6 %

Shares of AAOI stock traded down $0.41 on Wednesday, reaching $10.85. The company had a trading volume of 1,346,659 shares, compared to its average volume of 2,807,684. The company has a current ratio of 1.85, a quick ratio of 1.16 and a debt-to-equity ratio of 0.38. The stock has a market cap of $416.64 million, a PE ratio of -6.10 and a beta of 2.04. The company has a 50-day moving average of $14.52 and a 200-day moving average of $14.90. Applied Optoelectronics, Inc. has a 12 month low of $1.60 and a 12 month high of $24.75.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.04 EPS for the quarter. The company had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $65.19 million. Applied Optoelectronics had a negative return on equity of 13.83% and a negative net margin of 25.75%. Applied Optoelectronics’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.27) EPS. On average, equities analysts forecast that Applied Optoelectronics, Inc. will post -0.2 earnings per share for the current year.

Insider Activity

In other Applied Optoelectronics news, Director Che-Wei Lin acquired 31,370 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $12.70 per share, for a total transaction of $398,399.00. Following the transaction, the director now owns 220,133 shares of the company’s stock, valued at $2,795,689.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin acquired 11,780 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $12.66 per share, for a total transaction of $149,134.80. Following the transaction, the chief executive officer now owns 1,218,160 shares of the company’s stock, valued at $15,421,905.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Che-Wei Lin acquired 31,370 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average price of $12.70 per share, with a total value of $398,399.00. Following the completion of the transaction, the director now directly owns 220,133 shares in the company, valued at approximately $2,795,689.10. The disclosure for this purchase can be found here. 6.10% of the stock is currently owned by company 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.