Headlands Technologies LLC Grows Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Headlands Technologies LLC increased its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 267.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,949 shares of the semiconductor company’s stock after buying an additional 51,647 shares during the quarter. Headlands Technologies LLC’s holdings in Applied Optoelectronics were worth $2,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAOI. Corebridge Financial Inc. increased its position in shares of Applied Optoelectronics by 2.4% in the fourth quarter. Corebridge Financial Inc. now owns 20,253 shares of the semiconductor company’s stock valued at $747,000 after acquiring an additional 471 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Applied Optoelectronics by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 483 shares during the period. Arizona State Retirement System grew its stake in shares of Applied Optoelectronics by 5.7% in the fourth quarter. Arizona State Retirement System now owns 11,246 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 603 shares during the last quarter. Virtu Financial LLC increased its holdings in Applied Optoelectronics by 3.6% during the 4th quarter. Virtu Financial LLC now owns 25,529 shares of the semiconductor company’s stock valued at $941,000 after purchasing an additional 895 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Applied Optoelectronics during the 4th quarter valued at approximately $38,000. 61.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AAOI has been the topic of a number of recent analyst reports. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research report on Wednesday, February 26th. B. Riley raised shares of Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $13.00 price objective on the stock in a research report on Friday, March 7th. Raymond James upped their price objective on shares of Applied Optoelectronics to $31.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $36.00 target price on shares of Applied Optoelectronics in a research note on Friday, March 14th. Finally, Northland Securities reissued an “outperform” rating and issued a $40.00 price target (up from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.80.

Insider Transactions at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 2,000 shares of Applied Optoelectronics stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.06, for a total value of $46,120.00. Following the completion of the transaction, the chief financial officer now owns 196,581 shares of the company’s stock, valued at $4,533,157.86. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard B. Black sold 10,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $29.00, for a total transaction of $290,000.00. Following the sale, the director now directly owns 157,813 shares in the company, valued at $4,576,577. This trade represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,298 shares of company stock valued at $543,821 in the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

Applied Optoelectronics Stock Performance

Shares of AAOI stock opened at $15.35 on Tuesday. The company’s fifty day moving average price is $23.61 and its 200-day moving average price is $25.38. The stock has a market cap of $765.21 million, a PE ratio of -7.45 and a beta of 2.36. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. Applied Optoelectronics, Inc. has a 12 month low of $6.70 and a 12 month high of $44.50.

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