CloudAlpha Capital Management Limited Hong Kong Has $12.31 Million Stock Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

CloudAlpha Capital Management Limited Hong Kong lifted its holdings in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 380.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 637,200 shares of the semiconductor company’s stock after buying an additional 504,610 shares during the period. Applied Optoelectronics comprises 1.1% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 14th largest position. CloudAlpha Capital Management Limited Hong Kong owned approximately 1.79% of Applied Optoelectronics worth $12,311,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth about $31,000. UBS Group AG boosted its stake in shares of Applied Optoelectronics by 201.6% during the 3rd quarter. UBS Group AG now owns 11,543 shares of the semiconductor company’s stock worth $31,000 after buying an additional 7,716 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Applied Optoelectronics during the 1st quarter worth about $34,000. Jane Street Group LLC acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth about $49,000. Finally, XTX Topco Ltd acquired a new position in shares of Applied Optoelectronics during the 1st quarter worth about $73,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Applied Optoelectronics Stock Performance

Shares of NASDAQ:AAOI traded down $0.01 during trading on Wednesday, reaching $11.98. 2,539,883 shares of the stock were exchanged, compared to its average volume of 2,870,617. Applied Optoelectronics, Inc. has a 12 month low of $1.60 and a 12 month high of $24.75. The firm has a market cap of $460.03 million, a PE ratio of -6.89 and a beta of 2.04. The stock has a 50-day moving average price of $15.31 and a 200-day moving average price of $14.83. The company has a current ratio of 1.85, a quick ratio of 1.16 and a debt-to-equity ratio of 0.38.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter. Applied Optoelectronics had a negative return on equity of 13.83% and a negative net margin of 25.75%. The company had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $65.19 million. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. Research analysts expect that Applied Optoelectronics, Inc. will post -0.2 EPS for the current fiscal year.

Insider Transactions at Applied Optoelectronics

In other news, CEO Chih-Hsiang (Thompson) Lin acquired 11,780 shares of Applied Optoelectronics stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $12.66 per share, for a total transaction of $149,134.80. Following the completion of the acquisition, the chief executive officer now directly owns 1,218,160 shares in the company, valued at approximately $15,421,905.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Applied Optoelectronics news, Director Che-Wei Lin purchased 31,370 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $12.70 per share, for a total transaction of $398,399.00. Following the completion of the transaction, the director now owns 220,133 shares in the company, valued at $2,795,689.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chih-Hsiang (Thompson) Lin purchased 11,780 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was acquired at an average price of $12.66 per share, with a total value of $149,134.80. Following the completion of the transaction, the chief executive officer now owns 1,218,160 shares of the company’s stock, valued at approximately $15,421,905.60. The disclosure for this purchase can be found here. Corporate insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AAOI. Rosenblatt Securities reduced their price target on Applied Optoelectronics from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, February 23rd. TheStreet upgraded Applied Optoelectronics from a “d” rating to a “c-” rating in a report on Friday, February 23rd. Finally, B. Riley reiterated a “neutral” rating and set a $16.00 price target (down previously from $22.00) on shares of Applied Optoelectronics in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.88.

Applied Optoelectronics Company 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.