Applied Optoelectronics Inc (NASDAQ:AAOI) Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Applied Optoelectronics Inc (NASDAQ:AAOI) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,703 shares of the semiconductor company’s stock after purchasing an additional 1,606 shares during the period. Principal Financial Group Inc. owned 0.77% of Applied Optoelectronics worth $2,356,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of Applied Optoelectronics by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 322,712 shares of the semiconductor company’s stock worth $7,959,000 after acquiring an additional 5,559 shares during the last quarter. Jefferies Group LLC acquired a new stake in Applied Optoelectronics during the third quarter worth approximately $224,000. Jane Street Group LLC grew its stake in Applied Optoelectronics by 91.5% during the third quarter. Jane Street Group LLC now owns 30,214 shares of the semiconductor company’s stock worth $745,000 after purchasing an additional 14,433 shares during the period. Man Group plc acquired a new stake in Applied Optoelectronics during the third quarter worth approximately $247,000. Finally, Putnam Investments LLC acquired a new stake in Applied Optoelectronics during the third quarter worth approximately $1,741,000. 59.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ AAOI traded down $0.22 during mid-day trading on Friday, hitting $10.71. The company had a trading volume of 965,198 shares, compared to its average volume of 660,221. Applied Optoelectronics Inc has a 1 year low of $10.31 and a 1 year high of $50.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.30 and a current ratio of 3.12. The stock has a market cap of $217.38 million, a PE ratio of 20.21 and a beta of 1.96.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.05). Applied Optoelectronics had a negative return on equity of 0.36% and a negative net margin of 5.78%. The business had revenue of $52.72 million for the quarter, compared to analysts’ expectations of $52.86 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Applied Optoelectronics’s quarterly revenue was down 19.2% compared to the same quarter last year. On average, sell-side analysts predict that Applied Optoelectronics Inc will post -0.82 EPS for the current year.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. TheStreet lowered Applied Optoelectronics from a “c-” rating to a “d+” rating in a report on Thursday. DA Davidson lowered Applied Optoelectronics from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $16.00 in a report on Friday, February 22nd. BidaskClub upgraded Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a report on Monday, February 25th. Finally, Raymond James lowered Applied Optoelectronics from an “outperform” rating to a “market perform” rating in a research note on Friday, February 22nd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.50.

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About Applied Optoelectronics

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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