Meadow Creek Investment Management LLC Increases Stock Position in Applied Optoelectronics Inc (NASDAQ:AAOI)

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Meadow Creek Investment Management LLC boosted its position in Applied Optoelectronics Inc (NASDAQ:AAOI) by 37.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,848 shares of the semiconductor company’s stock after purchasing an additional 1,312 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Applied Optoelectronics were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAOI. Flinton Capital Management LLC increased its holdings in shares of Applied Optoelectronics by 37.1% in the 2nd quarter. Flinton Capital Management LLC now owns 10,302 shares of the semiconductor company’s stock worth $106,000 after buying an additional 2,788 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Applied Optoelectronics by 117.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,562 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 4,624 shares during the last quarter. Teza Capital Management LLC bought a new position in shares of Applied Optoelectronics during the 2nd quarter valued at $136,000. Swiss National Bank grew its holdings in shares of Applied Optoelectronics by 6.0% during the 2nd quarter. Swiss National Bank now owns 35,100 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Applied Optoelectronics in the 2nd quarter worth $198,000. Institutional investors and hedge funds own 64.52% of the company’s stock.

Applied Optoelectronics stock traded down $0.09 during trading hours on Thursday, hitting $10.94. The stock had a trading volume of 8,354 shares, compared to its average volume of 508,689. 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 capitalization of $220.53 million, a P/E ratio of 20.60 and a beta of 2.11. Applied Optoelectronics Inc has a 12-month low of $8.34 and a 12-month high of $33.79. The stock’s 50-day moving average price is $9.86 and its 200-day moving average price is $10.72.

Applied Optoelectronics (NASDAQ:AAOI) last issued its 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. Applied Optoelectronics had a negative net margin of 16.22% and a negative return on equity of 6.14%. The business had revenue of $43.40 million during the quarter, compared to analysts’ expectations of $42.49 million. During the same period in the previous year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was down 50.6% compared to the same quarter last year. On average, research analysts expect that Applied Optoelectronics Inc will post -1.46 EPS for the current fiscal year.

A number of equities research analysts have issued reports on AAOI shares. JPMorgan Chase & Co. began coverage on shares of Applied Optoelectronics in a report on Monday, July 29th. They issued a “neutral” rating and a $11.00 price target on the stock. ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Rosenblatt Securities reaffirmed a “hold” rating and issued a $10.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Northland Securities reaffirmed a “sell” rating and issued a $6.50 target price on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Finally, Zacks Investment Research raised shares of Applied Optoelectronics from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Applied Optoelectronics has an average rating of “Hold” and an average target price of $18.54.

Applied Optoelectronics Company 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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