Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stake Cut by Deutsche Bank AG

Deutsche Bank AG lessened its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 72.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,622 shares of the semiconductor company’s stock after selling 93,023 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Applied Optoelectronics worth $1,313,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AAOI. Vanguard Group Inc. raised its position in shares of Applied Optoelectronics by 11.0% during the 4th quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company’s stock worth $89,548,000 after purchasing an additional 241,594 shares during the period. Geode Capital Management LLC grew its stake in Applied Optoelectronics by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 979,769 shares of the semiconductor company’s stock worth $36,123,000 after buying an additional 70,210 shares during the last quarter. Yong Rong HK Asset Management Ltd acquired a new stake in Applied Optoelectronics in the fourth quarter worth $27,645,000. Emerald Advisers LLC lifted its stake in Applied Optoelectronics by 15.3% in the fourth quarter. Emerald Advisers LLC now owns 606,997 shares of the semiconductor company’s stock valued at $22,374,000 after buying an additional 80,539 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Applied Optoelectronics by 22.4% in the fourth quarter. Northern Trust Corp now owns 400,195 shares of the semiconductor company’s stock valued at $14,751,000 after buying an additional 73,112 shares during the last quarter. Institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Stock Performance

Shares of AAOI opened at $17.88 on Monday. The firm has a market capitalization of $992.59 million, a PE ratio of -8.68 and a beta of 2.55. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $15.04 and a 200 day moving average price of $24.77. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.50.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Thursday, May 8th. The semiconductor company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Applied Optoelectronics had a negative net margin of 38.61% and a negative return on equity of 22.36%. The company had revenue of $99.86 million during the quarter, compared to analyst estimates of $99.37 million. During the same period in the prior year, the business posted ($0.31) EPS. The business’s revenue for the quarter was up 145.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AAOI. 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 report on Friday, March 7th. Rosenblatt Securities upped their target price on shares of Applied Optoelectronics to $30.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Wall Street Zen lowered shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Raymond James reduced their price objective on Applied Optoelectronics from $20.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.00.

Insider Buying and Selling at Applied Optoelectronics

In related news, CEO Chih-Hsiang (Thompson) Lin purchased 21,200 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $18.22 per share, with a total value of $386,264.00. Following the completion of the acquisition, the chief executive officer now owns 1,659,025 shares of the company’s stock, valued at approximately $30,227,435.50. This represents a 1.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Hung-Lun (Fred) Chang sold 23,837 shares of Applied Optoelectronics stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $19.06, for a total value of $454,333.22. Following the completion of the transaction, the insider now owns 278,842 shares in the company, valued at $5,314,728.52. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 39,263 shares of company stock valued at $740,590. 4.96% of the stock is owned by insiders.

About Applied Optoelectronics

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.