Charles Schwab Investment Management Inc. Has $1.54 Million Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Charles Schwab Investment Management Inc. lifted its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,588 shares of the semiconductor company’s stock after purchasing an additional 7,859 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.59% of Applied Optoelectronics worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in AAOI. Morgan Stanley grew its holdings in shares of Applied Optoelectronics by 7.8% during the 1st quarter. Morgan Stanley now owns 888,901 shares of the semiconductor company’s stock worth $6,746,000 after purchasing an additional 63,971 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Applied Optoelectronics by 4.3% during the 2nd quarter. California Public Employees Retirement System now owns 39,100 shares of the semiconductor company’s stock worth $425,000 after buying an additional 1,600 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Applied Optoelectronics by 15.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 130,727 shares of the semiconductor company’s stock worth $1,421,000 after buying an additional 17,764 shares during the period. Caption Management LLC bought a new position in shares of Applied Optoelectronics during the 2nd quarter worth approximately $191,000. Finally, Intrinsic Edge Capital Management LLC bought a new position in shares of Applied Optoelectronics during the 2nd quarter worth approximately $8,163,000. 50.70% of the stock is currently owned by institutional investors.

AAOI stock opened at $8.51 on Friday. The company has a market cap of $195.53 million, a P/E ratio of -2.18 and a beta of 1.84. Applied Optoelectronics, Inc. has a twelve month low of $5.00 and a twelve month high of $17.57. The company has a quick ratio of 0.90, a current ratio of 1.74 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $8.21 and a 200-day moving average of $10.44.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Thursday, November 5th. The semiconductor company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. The company had revenue of $76.61 million during the quarter, compared to the consensus estimate of $79.52 million. Applied Optoelectronics had a negative return on equity of 11.67% and a negative net margin of 34.83%. As a group, equities research analysts anticipate that Applied Optoelectronics, Inc. will post -1.51 earnings per share for the current fiscal year.

In other news, Director Che-Wei Lin bought 25,401 shares of the company’s stock in a transaction dated Friday, December 11th. The stock was bought at an average price of $7.82 per share, for a total transaction of $198,635.82. Following the completion of the transaction, the director now directly owns 91,764 shares in the company, valued at approximately $717,594.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.22% of the company’s stock.

Several equities analysts recently commented on AAOI shares. ValuEngine upgraded Applied Optoelectronics from a “hold” rating to a “buy” rating in a research report on Friday, November 6th. Zacks Investment Research downgraded Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Friday, November 6th. Rosenblatt Securities cut their price objective on Applied Optoelectronics from $19.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, November 6th. Northland Securities upgraded Applied Optoelectronics from an “under perform” rating to a “market perform” rating and set a $10.00 price objective for the company in a research report on Monday, October 26th. Finally, Needham & Company LLC cut their price objective on Applied Optoelectronics from $22.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, November 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Applied Optoelectronics currently has an average rating of “Hold” and a consensus target price of $11.29.

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.

Featured Article: How can investors benefit from after-hours trading?

Want to see what other hedge funds are holding AAOI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Optoelectronics, Inc. (NASDAQ:AAOI).

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

Receive News & Ratings for Applied Optoelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics and related companies with MarketBeat.com's FREE daily email newsletter.