Tyers Asset Management LLC Acquires 2,296 Shares of Applied Optoelectronics Inc (NASDAQ:AAOI)

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Tyers Asset Management LLC grew its holdings in shares of Applied Optoelectronics Inc (NASDAQ:AAOI) by 37.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,484 shares of the semiconductor company’s stock after purchasing an additional 2,296 shares during the quarter. Tyers Asset Management LLC’s holdings in Applied Optoelectronics were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in Applied Optoelectronics in the 2nd quarter valued at $51,000. Neuburgh Advisers LLC grew its stake in Applied Optoelectronics by 37.1% in the 2nd quarter. Neuburgh Advisers LLC now owns 6,666 shares of the semiconductor company’s stock valued at $68,000 after buying an additional 1,804 shares during the last quarter. Cerebellum GP LLC acquired a new position in Applied Optoelectronics in the 1st quarter valued at $72,000. Riverhead Capital Management LLC grew its stake in Applied Optoelectronics by 35.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,685 shares of the semiconductor company’s stock valued at $79,000 after buying an additional 2,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Applied Optoelectronics by 117.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,562 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 4,624 shares during the last quarter. Institutional investors and hedge funds own 64.84% of the company’s stock.

NASDAQ AAOI traded up $0.11 during midday trading on Friday, hitting $11.17. The company had a trading volume of 260,684 shares, compared to its average volume of 517,262. The company has a quick ratio of 1.75, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. The stock has a market cap of $221.52 million, a price-to-earnings ratio of 21.08 and a beta of 2.11. The firm has a fifty day simple moving average of $9.67 and a two-hundred day simple moving average of $10.83. Applied Optoelectronics Inc has a fifty-two week low of $8.34 and a fifty-two week high of $35.51.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.06. The company had revenue of $43.40 million for the quarter, compared to analyst estimates of $42.49 million. Applied Optoelectronics had a negative net margin of 16.22% and a negative return on equity of 6.14%. The business’s quarterly revenue was down 50.6% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. As a group, equities analysts predict that Applied Optoelectronics Inc will post -1.46 earnings per share for the current year.

AAOI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Applied Optoelectronics from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 8th. Rosenblatt Securities reiterated a “hold” rating and issued a $10.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. JPMorgan Chase & Co. initiated coverage on shares of Applied Optoelectronics in a research note on Monday, July 29th. They issued a “neutral” rating and a $11.00 target price on the stock. ValuEngine upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. Finally, Northland Securities reiterated a “sell” rating and issued a $6.50 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.54.

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.

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

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