Chung Wu Investment Group LLC Buys Shares of 7,100 Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Chung Wu Investment Group LLC purchased a new position in Applied Optoelectronics, Inc. (NASDAQ:AAOI) in the fourth quarter, HoldingsChannel reports. The firm purchased 7,100 shares of the semiconductor company’s stock, valued at approximately $262,000.

A number of other institutional investors also recently made changes to their positions in AAOI. Royce & Associates LP boosted its holdings in Applied Optoelectronics by 47.7% during the third quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock worth $22,847,000 after buying an additional 515,489 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Applied Optoelectronics in the 3rd quarter valued at approximately $19,019,000. Whale Rock Capital Management LLC purchased a new stake in shares of Applied Optoelectronics in the 3rd quarter valued at approximately $16,145,000. Geode Capital Management LLC lifted its position in shares of Applied Optoelectronics by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 909,559 shares of the semiconductor company’s stock valued at $13,018,000 after acquiring an additional 60,241 shares in the last quarter. Finally, State Street Corp lifted its position in Applied Optoelectronics by 27.7% in the 3rd quarter. State Street Corp now owns 887,259 shares of the semiconductor company’s stock worth $12,697,000 after buying an additional 192,308 shares in the last quarter. 61.72% of the stock is owned by institutional investors and hedge funds.

Applied Optoelectronics Stock Down 0.3 %

Shares of NASDAQ AAOI opened at $18.08 on Thursday. The stock has a market cap of $847.37 million, a P/E ratio of -8.78 and a beta of 2.36. The firm has a 50 day moving average price of $29.51 and a 200 day moving average price of $24.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.50.

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

Insider Activity

In other news, CFO Stefan J. Murry sold 2,298 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total value of $80,820.66. Following the sale, the chief financial officer now owns 209,831 shares of the company’s stock, valued at $7,379,756.27. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard B. Black sold 10,000 shares of the business’s 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 sale, the director now directly owns 157,813 shares in the company, valued at approximately $4,576,577. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,298 shares of company stock worth $850,401 over the last quarter. 5.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on AAOI. Northland Securities restated an “outperform” rating and set a $40.00 price target (up previously from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. B. Riley lowered shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price on the stock. in a research note on Tuesday, December 10th. Raymond James raised their price target on shares of Applied Optoelectronics to $31.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Wednesday, February 26th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $44.00 price target on shares of Applied Optoelectronics in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.60.

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.