Morgan Stanley Purchases 373,423 Shares of Applied Optoelectronics Inc (NASDAQ:AAOI)

Morgan Stanley grew its stake in shares of Applied Optoelectronics Inc (NASDAQ:AAOI) by 44.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,206,771 shares of the semiconductor company’s stock after buying an additional 373,423 shares during the period. Morgan Stanley owned approximately 6.03% of Applied Optoelectronics worth $12,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of AAOI. BlackRock Inc. boosted its holdings in Applied Optoelectronics by 2.8% during the second quarter. BlackRock Inc. now owns 2,950,555 shares of the semiconductor company’s stock worth $30,331,000 after buying an additional 79,610 shares during the last quarter. Bank of America Corp DE boosted its holdings in Applied Optoelectronics by 358.7% during the second quarter. Bank of America Corp DE now owns 54,829 shares of the semiconductor company’s stock worth $563,000 after buying an additional 42,876 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Applied Optoelectronics by 139.8% during the second quarter. Parametric Portfolio Associates LLC now owns 49,599 shares of the semiconductor company’s stock worth $510,000 after buying an additional 28,918 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Applied Optoelectronics by 34.3% during the second quarter. Renaissance Technologies LLC now owns 87,400 shares of the semiconductor company’s stock worth $898,000 after buying an additional 22,300 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in Applied Optoelectronics during the second quarter worth about $198,000. Hedge funds and other institutional investors own 64.52% of the company’s stock.

NASDAQ:AAOI opened at $10.40 on Friday. Applied Optoelectronics Inc has a fifty-two week low of $8.34 and a fifty-two week high of $24.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 1.75. The stock has a market capitalization of $208.21 million, a PE ratio of 19.61 and a beta of 2.08. The business’s 50-day simple moving average is $10.27 and its 200-day simple moving average is $10.41.



Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported ($0.41) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.06. Applied Optoelectronics had a negative return on equity of 6.14% and a negative net margin of 16.22%. The business had revenue of $43.40 million for the quarter, compared to analysts’ expectations of $42.49 million. During the same quarter in the previous year, the business posted $0.64 EPS. Applied Optoelectronics’s revenue for the quarter was down 50.6% on a year-over-year basis. On average, research analysts expect that Applied Optoelectronics Inc will post -1.46 earnings per share for the current year.

A number of equities analysts have issued reports on the company. ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. assumed coverage on Applied Optoelectronics in a report on Monday, July 29th. They set a “neutral” rating and a $11.00 target price on the stock. Rosenblatt Securities restated a “hold” rating and set a $10.00 target price on shares of Applied Optoelectronics in a report on Thursday, August 8th. Zacks Investment Research upgraded Applied Optoelectronics from a “strong sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Northland Securities restated a “sell” rating and set a $6.50 target price on shares of Applied Optoelectronics in a report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.28.

Applied Optoelectronics Profile

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

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Institutional Ownership by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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