IFP Advisors Inc raised its stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 287.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,750 shares of the semiconductor company’s stock after buying an additional 4,266 shares during the period. IFP Advisors Inc’s holdings in Applied Optoelectronics were worth $355,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AAOI. Legal & General Group Plc boosted its stake in shares of Applied Optoelectronics by 3.6% in the first quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock valued at $248,000 after buying an additional 153 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in shares of Applied Optoelectronics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 5,345 shares of the semiconductor company’s stock valued at $300,000 after buying an additional 271 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Applied Optoelectronics by 7.9% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,100 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 300 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Applied Optoelectronics by 3.1% in the first quarter. Nationwide Fund Advisors now owns 10,566 shares of the semiconductor company’s stock valued at $593,000 after buying an additional 315 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Applied Optoelectronics by 2.3% in the first quarter. Teachers Advisors LLC now owns 29,403 shares of the semiconductor company’s stock valued at $1,651,000 after buying an additional 668 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

Applied Optoelectronics, Inc. (NASDAQ AAOI) opened at 68.18 on Wednesday. The firm has a market cap of $1.32 billion, a PE ratio of 16.20 and a beta of 2.98. Applied Optoelectronics, Inc. has a one year low of $13.06 and a one year high of $103.41. The company’s 50-day moving average is $77.85 and its 200-day moving average is $58.79.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.28. The business had revenue of $117.40 million during the quarter, compared to the consensus estimate of $117.34 million. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The company’s revenue for the quarter was up 112.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, analysts forecast that Applied Optoelectronics, Inc. will post $5.38 earnings per share for the current fiscal year.

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Several brokerages have recently commented on AAOI. BidaskClub upgraded shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Vetr cut shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $72.50 price target for the company. in a research report on Monday, August 7th. Roth Capital lifted their price target on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Cowen and Company reiterated an “outperform” rating and set a $100.00 price target (up previously from $94.00) on shares of Applied Optoelectronics in a research report on Friday, July 14th. Finally, Needham & Company LLC lifted their price target on shares of Applied Optoelectronics from $100.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, six have given a buy rating and six have assigned a strong buy rating to the company’s stock. Applied Optoelectronics presently has an average rating of “Buy” and a consensus price target of $76.98.

In other Applied Optoelectronics news, Director Richard B. Black sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $66.10, for a total transaction of $66,100.00. Following the completion of the sale, the director now owns 39,478 shares of the company’s stock, valued at approximately $2,609,495.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shu-Hua (Joshua) Yeh sold 10,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $68.06, for a total transaction of $680,600.00. Following the sale, the insider now directly owns 99,742 shares of the company’s stock, valued at approximately $6,788,440.52. The disclosure for this sale can be found here. Insiders have sold a total of 85,758 shares of company stock valued at $6,361,854 in the last three months. Insiders own 8.19% of the company’s stock.

About Applied Optoelectronics

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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

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