Acuitas Investments LLC Boosts Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Acuitas Investments LLC raised its stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 38.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 331,221 shares of the semiconductor company’s stock after buying an additional 91,885 shares during the period. Applied Optoelectronics comprises 1.5% of Acuitas Investments LLC’s holdings, making the stock its 19th biggest holding. Acuitas Investments LLC’s holdings in Applied Optoelectronics were worth $2,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in AAOI. CANADA LIFE ASSURANCE Co bought a new stake in shares of Applied Optoelectronics in the first quarter valued at about $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Applied Optoelectronics by 272.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 6,787 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Applied Optoelectronics in the 1st quarter valued at about $161,000. Summit Securities Group LLC purchased a new stake in shares of Applied Optoelectronics in the 2nd quarter worth approximately $109,000. Finally, Alpha DNA Investment Management LLC bought a new position in shares of Applied Optoelectronics during the fourth quarter valued at approximately $409,000. 61.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on AAOI shares. B. Riley dropped their target price on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. B. Riley Financial reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Applied Optoelectronics in a research report on Thursday, August 8th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Friday, August 9th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 22nd. Finally, Raymond James upgraded shares of Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.50.

Applied Optoelectronics Trading Down 1.5 %

Shares of NASDAQ:AAOI opened at $12.06 on Friday. The business’s 50-day moving average is $9.11 and its 200 day moving average is $11.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 0.97. Applied Optoelectronics, Inc. has a 1 year low of $6.66 and a 1 year high of $24.75. The firm has a market capitalization of $469.23 million, a P/E ratio of -6.73 and a beta of 1.97.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.01. The firm had revenue of $43.27 million for the quarter, compared to the consensus estimate of $44.14 million. Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.31) earnings per share. On average, research analysts predict that Applied Optoelectronics, Inc. will post -1.08 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.