Applied Optoelectronics (NASDAQ:AAOI) Shares Sold by TT International

TT International lowered its stake in Applied Optoelectronics (NASDAQ:AAOI) by 86.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,987 shares of the semiconductor company’s stock after selling 405,745 shares during the period. Applied Optoelectronics accounts for 64.4% of TT International’s holdings, making the stock its biggest position. TT International owned 0.32% of Applied Optoelectronics worth $1,553,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royce & Associates LP purchased a new position in shares of Applied Optoelectronics in the fourth quarter worth $1,467,000. OppenheimerFunds Inc. raised its holdings in shares of Applied Optoelectronics by 51.1% during the fourth quarter. OppenheimerFunds Inc. now owns 6,394 shares of the semiconductor company’s stock worth $242,000 after purchasing an additional 2,161 shares during the last quarter. Westpac Banking Corp raised its holdings in shares of Applied Optoelectronics by 21.0% during the fourth quarter. Westpac Banking Corp now owns 20,930 shares of the semiconductor company’s stock worth $792,000 after purchasing an additional 3,636 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Applied Optoelectronics by 289.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 14,490 shares of the semiconductor company’s stock worth $548,000 after purchasing an additional 10,770 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Applied Optoelectronics by 1.8% during the fourth quarter. BlackRock Inc. now owns 2,337,680 shares of the semiconductor company’s stock worth $88,411,000 after purchasing an additional 41,243 shares during the last quarter. 61.99% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on AAOI. BidaskClub raised shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Cowen reissued an “outperform” rating and set a $53.00 target price (down previously from $60.00) on shares of Applied Optoelectronics in a report on Thursday, February 22nd. Craig Hallum set a $32.00 target price on shares of Applied Optoelectronics and gave the stock a “hold” rating in a report on Tuesday, February 13th. Zacks Investment Research raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Piper Jaffray cut shares of Applied Optoelectronics from an “overweight” rating to a “neutral” rating in a report on Monday, January 29th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $48.03.

AAOI stock opened at $33.22 on Friday. The firm has a market cap of $650.41 million, a P/E ratio of 7.85, a PEG ratio of 1.75 and a beta of 2.59. The company has a current ratio of 3.46, a quick ratio of 2.14 and a debt-to-equity ratio of 0.18. Applied Optoelectronics has a one year low of $22.54 and a one year high of $103.41.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.05). The firm had revenue of $65.20 million for the quarter, compared to analyst estimates of $68.94 million. Applied Optoelectronics had a net margin of 16.02% and a return on equity of 20.82%. The firm’s quarterly revenue was down 32.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. research analysts predict that Applied Optoelectronics will post 1.68 earnings per share for the current year.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

Institutional Ownership by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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