Emerald Mutual Fund Advisers Trust Has $14.72 Million Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Emerald Mutual Fund Advisers Trust decreased its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 399,460 shares of the semiconductor company’s stock after selling 10,694 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.85% of Applied Optoelectronics worth $14,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AAOI. Corebridge Financial Inc. increased its stake in Applied Optoelectronics by 2.4% during the 4th quarter. Corebridge Financial Inc. now owns 20,253 shares of the semiconductor company’s stock valued at $747,000 after purchasing an additional 471 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Applied Optoelectronics by 5.7% during the fourth quarter. Arizona State Retirement System now owns 11,246 shares of the semiconductor company’s stock valued at $415,000 after buying an additional 603 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Applied Optoelectronics by 17.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company’s stock worth $157,000 after acquiring an additional 637 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Applied Optoelectronics by 3.6% in the 4th quarter. Virtu Financial LLC now owns 25,529 shares of the semiconductor company’s stock worth $941,000 after acquiring an additional 895 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Applied Optoelectronics in the 4th quarter valued at about $38,000. 61.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Raymond James reissued an “outperform” rating and set a $20.00 price objective on shares of Applied Optoelectronics in a report on Thursday, April 24th. B. Riley upgraded Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $13.00 price target for the company in a report on Friday, March 7th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Wednesday, February 26th. Finally, Rosenblatt Securities cut their price objective on shares of Applied Optoelectronics from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.40.

Insider Activity at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 2,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.06, for a total transaction of $46,120.00. Following the sale, the chief financial officer now directly owns 196,581 shares in the company, valued at $4,533,157.86. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.96% of the stock is currently owned by corporate insiders.

Applied Optoelectronics Stock Performance

Shares of Applied Optoelectronics stock opened at $13.07 on Tuesday. The firm has a market capitalization of $723.33 million, a P/E ratio of -6.34 and a beta of 2.57. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $16.53 and its 200 day simple moving average is $24.88. Applied Optoelectronics, Inc. has a 12 month low of $6.70 and a 12 month high of $44.50.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. The company had revenue of $100.27 million during the quarter, compared to analysts’ expectations of $99.92 million. As a group, analysts anticipate that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.

Applied Optoelectronics 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.