Applied Optoelectronics Inc (AAOI) Shares Bought by Fmr LLC

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Fmr LLC boosted its stake in shares of Applied Optoelectronics Inc (NASDAQ:AAOI) by 675.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 45,780 shares of the semiconductor company’s stock after purchasing an additional 39,880 shares during the quarter. Fmr LLC’s holdings in Applied Optoelectronics were worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in AAOI. BlackRock Inc. boosted its position in shares of Applied Optoelectronics by 0.8% in the fourth quarter. BlackRock Inc. now owns 2,823,899 shares of the semiconductor company’s stock valued at $43,573,000 after acquiring an additional 22,134 shares during the period. Vanguard Group Inc boosted its position in shares of Applied Optoelectronics by 5.7% in the third quarter. Vanguard Group Inc now owns 1,170,718 shares of the semiconductor company’s stock valued at $28,870,000 after acquiring an additional 63,087 shares during the period. Vanguard Group Inc. boosted its position in shares of Applied Optoelectronics by 5.7% in the third quarter. Vanguard Group Inc. now owns 1,170,718 shares of the semiconductor company’s stock valued at $28,870,000 after acquiring an additional 63,087 shares during the period. Investment Counselors of Maryland LLC boosted its position in shares of Applied Optoelectronics by 2.2% in the fourth quarter. Investment Counselors of Maryland LLC now owns 449,510 shares of the semiconductor company’s stock valued at $6,936,000 after acquiring an additional 9,529 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Applied Optoelectronics by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 322,712 shares of the semiconductor company’s stock valued at $7,959,000 after acquiring an additional 5,559 shares during the period. 59.91% of the stock is owned by hedge funds and other institutional investors.

AAOI opened at $12.09 on Friday. Applied Optoelectronics Inc has a twelve month low of $11.77 and a twelve month high of $50.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.51 and a quick ratio of 1.30. The stock has a market cap of $244.05 million, a P/E ratio of 22.81 and a beta of 1.96.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Thursday, February 21st. The semiconductor company reported ($0.16) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.16). Applied Optoelectronics had a negative net margin of 0.80% and a positive return on equity of 3.06%. The business had revenue of $58.02 million during the quarter, compared to analysts’ expectations of $60.78 million. As a group, analysts anticipate that Applied Optoelectronics Inc will post -0.82 EPS for the current fiscal year.

A number of brokerages have recently issued reports on AAOI. BidaskClub raised shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 13th. Zacks Investment Research raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. ValuEngine cut shares of Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 20th. Rosenblatt Securities reissued a “sell” rating and issued a $10.00 target price on shares of Applied Optoelectronics in a research report on Monday, April 15th. Finally, DA Davidson cut shares of Applied Optoelectronics from a “buy” rating to a “neutral” rating and reduced their target price for the company from $42.00 to $16.00 in a research report on Friday, February 22nd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $20.50.

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Applied Optoelectronics Profile

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.

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

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