Truvestments Capital LLC Increases Stock Position in Applied Optoelectronics, Inc. $AAOI

Truvestments Capital LLC increased its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 15.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,609 shares of the semiconductor company’s stock after buying an additional 2,614 shares during the quarter. Truvestments Capital LLC’s holdings in Applied Optoelectronics were worth $301,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Corebridge Financial Inc. boosted its holdings in Applied Optoelectronics by 4.2% during the first quarter. Corebridge Financial Inc. now owns 21,096 shares of the semiconductor company’s stock worth $324,000 after buying an additional 843 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Applied Optoelectronics by 4.4% during the fourth quarter. California State Teachers Retirement System now owns 36,471 shares of the semiconductor company’s stock valued at $1,344,000 after purchasing an additional 1,524 shares in the last quarter. AlphaQuest LLC lifted its holdings in Applied Optoelectronics by 243.9% during the first quarter. AlphaQuest LLC now owns 2,297 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 1,629 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Applied Optoelectronics by 11.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 16,333 shares of the semiconductor company’s stock valued at $602,000 after purchasing an additional 1,666 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Applied Optoelectronics by 15.9% during the first quarter. Arizona State Retirement System now owns 13,036 shares of the semiconductor company’s stock valued at $200,000 after purchasing an additional 1,790 shares in the last quarter. 61.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Hung-Lun (Fred) Chang sold 15,784 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $22.70, for a total transaction of $358,296.80. Following the completion of the sale, the insider directly owned 256,326 shares in the company, valued at approximately $5,818,600.20. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stefan J. Murry sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $22.37, for a total transaction of $268,440.00. Following the sale, the chief financial officer owned 298,477 shares of the company’s stock, valued at approximately $6,676,930.49. The trade was a 3.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 44,100 shares of company stock valued at $1,000,878 and sold 32,784 shares valued at $741,217. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Raymond James Financial increased their price objective on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Needham & Company LLC assumed coverage on shares of Applied Optoelectronics in a report on Friday, July 25th. They set a “buy” rating and a $32.00 price objective on the stock. Northland Securities set a $30.00 price objective on shares of Applied Optoelectronics in a report on Friday, August 8th. Wolfe Research initiated coverage on shares of Applied Optoelectronics in a report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Finally, Wall Street Zen downgraded shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.20.

Applied Optoelectronics Stock Performance

NASDAQ:AAOI opened at $24.05 on Thursday. The company’s 50-day moving average price is $25.05 and its 200-day moving average price is $20.09. The company has a current ratio of 2.11, a quick ratio of 1.47 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.50 billion, a P/E ratio of -7.16 and a beta of 2.72. Applied Optoelectronics, Inc. has a twelve month low of $8.55 and a twelve month high of $44.50.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The business had revenue of $102.95 million during the quarter, compared to analysts’ expectations of $104.96 million. Applied Optoelectronics had a negative return on equity of 10.60% and a negative net margin of 42.29%.The business’s quarterly revenue was up 137.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) earnings per share. Applied Optoelectronics has set its Q3 2025 guidance at -0.100–0.030 EPS. On average, sell-side analysts forecast that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

About Applied Optoelectronics

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.