CloudAlpha Capital Management Limited Hong Kong Boosts Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

CloudAlpha Capital Management Limited Hong Kong boosted its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 380.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 637,200 shares of the semiconductor company’s stock after purchasing an additional 504,610 shares during the quarter. Applied Optoelectronics comprises 1.1% of CloudAlpha Capital Management Limited Hong Kong’s investment portfolio, making the stock its 14th biggest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in Applied Optoelectronics were worth $12,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Applied Optoelectronics by 8.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,312,058 shares of the semiconductor company’s stock worth $14,393,000 after purchasing an additional 103,199 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Applied Optoelectronics in the 4th quarter worth approximately $9,716,000. Marshall Wace LLP lifted its stake in Applied Optoelectronics by 101.7% in the 2nd quarter. Marshall Wace LLP now owns 489,680 shares of the semiconductor company’s stock worth $2,918,000 after purchasing an additional 246,907 shares in the last quarter. Millennium Management LLC lifted its stake in Applied Optoelectronics by 79.0% in the 2nd quarter. Millennium Management LLC now owns 403,692 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 178,182 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Applied Optoelectronics by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 347,862 shares of the semiconductor company’s stock worth $2,073,000 after purchasing an additional 13,953 shares in the last quarter. 61.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

Applied Optoelectronics Price Performance

Shares of Applied Optoelectronics stock traded down $0.01 on Wednesday, hitting $11.98. 2,539,883 shares of the company traded hands, compared to its average volume of 2,870,617. The firm’s 50-day simple moving average is $15.31 and its 200 day simple moving average is $14.83. 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 company has a market cap of $460.03 million, a P/E ratio of -6.89 and a beta of 2.04. Applied Optoelectronics, Inc. has a 12-month low of $1.60 and a 12-month high of $24.75.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Thursday, February 22nd. The semiconductor company reported $0.04 EPS for the quarter. The company had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $65.19 million. Applied Optoelectronics had a negative net margin of 25.75% and a negative return on equity of 13.83%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.27) EPS. Analysts expect that Applied Optoelectronics, Inc. will post -0.2 earnings per share for the current fiscal year.

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.