Truvestments Capital LLC Grows Stock Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Truvestments Capital LLC boosted its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,995 shares of the semiconductor company’s stock after buying an additional 1,133 shares during the period. Truvestments Capital LLC’s holdings in Applied Optoelectronics were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AAOI. Oppenheimer & Co. Inc. purchased a new position in Applied Optoelectronics in the 3rd quarter valued at approximately $186,000. Kovack Advisors Inc. bought a new position in Applied Optoelectronics in the 3rd quarter valued at $780,000. Royce & Associates LP boosted its holdings in Applied Optoelectronics by 47.7% in the 3rd quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock valued at $22,847,000 after purchasing an additional 515,489 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Applied Optoelectronics by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company’s stock valued at $1,557,000 after purchasing an additional 3,081 shares during the period. Finally, Citigroup Inc. boosted its holdings in Applied Optoelectronics by 4.9% in the 3rd quarter. Citigroup Inc. now owns 345,612 shares of the semiconductor company’s stock valued at $4,946,000 after purchasing an additional 16,017 shares during the period. 61.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Applied Optoelectronics news, Director Richard B. Black sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $29.00, for a total value of $290,000.00. Following the transaction, the director now owns 157,813 shares in the company, valued at approximately $4,576,577. The trade was a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stefan J. Murry sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the transaction, the chief financial officer now owns 212,129 shares in the company, valued at $6,728,731.88. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,298 shares of company stock valued at $850,401 over the last three months. Insiders own 5.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Northland Securities reissued an “outperform” rating and issued a $40.00 price target (up from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. Rosenblatt Securities reissued a “buy” rating and issued a $44.00 price target on shares of Applied Optoelectronics in a report on Monday, February 24th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Wednesday, February 26th. Raymond James lifted 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. Finally, B. Riley raised shares of Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $13.00 price objective for the company in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Applied Optoelectronics presently has a consensus rating of “Hold” and a consensus price target of $27.40.

Applied Optoelectronics Stock Performance

NASDAQ AAOI opened at $17.30 on Thursday. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.50. 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 company has a market capitalization of $858.96 million, a P/E ratio of -8.40 and a beta of 2.36. The company has a fifty day moving average of $26.86 and a 200-day moving average of $24.56.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities research analysts predict 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.