Gerber Kawasaki Wealth & Investment Management Grows Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Gerber Kawasaki Wealth & Investment Management raised its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 35.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,950 shares of the semiconductor company’s stock after purchasing an additional 7,250 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned 0.06% of Applied Optoelectronics worth $1,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of Applied Optoelectronics during the fourth quarter valued at approximately $38,000. Sterling Capital Management LLC boosted its holdings in Applied Optoelectronics by 858.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 1,150 shares during the period. Canada Pension Plan Investment Board bought a new position in Applied Optoelectronics in the 4th quarter valued at $63,000. Summit Investment Advisors Inc. increased its stake in Applied Optoelectronics by 17.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company’s stock worth $157,000 after purchasing an additional 637 shares during the period. Finally, Catalyst Funds Management Pty Ltd bought a new stake in shares of Applied Optoelectronics during the fourth quarter worth $229,000. 61.72% of the stock is owned by hedge funds and other institutional investors.

Applied Optoelectronics Trading Down 1.8 %

NASDAQ:AAOI opened at $12.56 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. The firm has a 50-day simple moving average of $16.82 and a 200-day simple moving average of $24.86. Applied Optoelectronics, Inc. has a one year low of $6.70 and a one year high of $44.50. The firm has a market cap of $695.11 million, a P/E ratio of -6.10 and a beta of 2.57.

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

Insider Buying and Selling at Applied Optoelectronics

In related news, CFO Stefan J. Murry sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.06, for a total transaction of $46,120.00. Following the completion of the transaction, the chief financial officer now owns 196,581 shares in the company, valued at $4,533,157.86. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AAOI. Rosenblatt Securities reduced their price target on shares of Applied Optoelectronics from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Raymond James reaffirmed an “outperform” rating and set a $20.00 target price on shares of Applied Optoelectronics in a research report on Thursday. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a report on Wednesday, February 26th. Finally, B. Riley raised Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $13.00 price objective on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.40.

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.