Applied Optoelectronics, Inc. $AAOI Shares Newly Purchased by Matthews International Capital Management LLC

Matthews International Capital Management LLC bought a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 89,938 shares of the semiconductor company’s stock, valued at approximately $8,927,000. Applied Optoelectronics accounts for about 3.6% of Matthews International Capital Management LLC’s holdings, making the stock its 9th biggest holding. Matthews International Capital Management LLC owned about 0.11% of Applied Optoelectronics at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Polaris Financial Partners bought a new stake in shares of Applied Optoelectronics during the 3rd quarter worth approximately $26,000. EFG International AG acquired a new stake in shares of Applied Optoelectronics during the 2nd quarter worth approximately $44,000. Persistent Asset Partners Ltd bought a new position in Applied Optoelectronics in the second quarter valued at approximately $47,000. Fiduciary Financial Advisors bought a new position in Applied Optoelectronics in the second quarter valued at approximately $48,000. Finally, Integrated Wealth Concepts LLC bought a new position in Applied Optoelectronics in the second quarter valued at approximately $58,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Applied Optoelectronics

In related news, insider Shu-Hua Yeh sold 6,000 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $120.03, for a total transaction of $720,180.00. Following the sale, the insider owned 371,498 shares in the company, valued at $44,590,904.94. The trade was a 1.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stefan Murry sold 4,000 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $102.87, for a total value of $411,480.00. Following the completion of the transaction, the chief financial officer directly owned 363,168 shares of the company’s stock, valued at approximately $37,359,092.16. The trade was a 1.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,172 shares of company stock valued at $5,985,036 in the last 90 days. 3.80% of the stock is owned by corporate insiders.

Applied Optoelectronics Price Performance

Shares of NASDAQ:AAOI opened at $48.32 on Wednesday. Applied Optoelectronics, Inc. has a one year low of $18.50 and a one year high of $233.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.34 and a quick ratio of 1.77. The company has a market cap of $4.39 billion, a price-to-earnings ratio of -112.37 and a beta of 4.04. The firm has a 50 day simple moving average of $90.69 and a 200 day simple moving average of $113.37.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Thursday, November 5th. The semiconductor company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $269.88 million for the quarter, compared to analysts’ expectations of $268.11 million. Applied Optoelectronics had a negative net margin of 4.39% and a negative return on equity of 0.17%. The company’s revenue was up 127.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. Research analysts predict that Applied Optoelectronics, Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on AAOI shares. Rosenblatt Securities lowered their price objective on shares of Applied Optoelectronics from $220.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, November 6th. Weiss Ratings raised Applied Optoelectronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, October 21st. Raymond James Financial reiterated an “outperform” rating and issued a $178.00 price target on shares of Applied Optoelectronics in a research note on Tuesday, August 11th. B. Riley Financial decreased their price target on Applied Optoelectronics from $92.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, November 6th. Finally, Needham & Company LLC lowered their price target on Applied Optoelectronics from $170.00 to $100.00 and set a “buy” rating for the company in a report on Friday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.60.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc. designs and manufactures fiber-optic networking products used to transmit data over cable, telecommunications and data center networks. Its offerings include optical transceivers and other optical components and equipment. The company serves customers in markets including broadband access, telecommunications and data centers. Founded in 1997 and headquartered in Sugar Land, Texas, Applied Optoelectronics has operations in the United States and Asia and serves customers internationally.