The Manufacturers Life Insurance Company increased its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 11.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,671 shares of the semiconductor company’s stock after purchasing an additional 1,461 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Applied Optoelectronics worth $907,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. C M Bidwell & Associates Ltd. grew its stake in shares of Applied Optoelectronics by 28.9% during the second quarter. C M Bidwell & Associates Ltd. now owns 5,325 shares of the semiconductor company’s stock worth $329,000 after purchasing an additional 1,195 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Applied Optoelectronics during the second quarter worth $421,000. State Street Corp grew its stake in shares of Applied Optoelectronics by 33.8% during the second quarter. State Street Corp now owns 444,624 shares of the semiconductor company’s stock worth $27,474,000 after purchasing an additional 112,339 shares in the last quarter. Horizon Investment Services LLC acquired a new position in shares of Applied Optoelectronics during the second quarter worth $385,000. Finally, Flinton Capital Management LLC acquired a new position in shares of Applied Optoelectronics during the second quarter worth $115,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Applied Optoelectronics, Inc. (AAOI) opened at $43.90 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. Applied Optoelectronics, Inc. has a 12 month low of $21.88 and a 12 month high of $103.41. The stock has a market cap of $864.06, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 0.62 and a beta of 2.90.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.23). Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The business had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $88.53 million. During the same period in the previous year, the company posted $0.38 earnings per share. Applied Optoelectronics’s quarterly revenue was up 26.8% on a year-over-year basis. equities research analysts forecast that Applied Optoelectronics, Inc. will post 4.2 EPS for the current fiscal year.

A number of equities analysts recently commented on AAOI shares. BWS Financial set a $25.00 target price on shares of Applied Optoelectronics and gave the stock a “sell” rating in a research note on Sunday, October 15th. Zacks Investment Research downgraded shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 17th. BidaskClub upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Needham & Company LLC lowered their target price on shares of Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating for the company in a research note on Wednesday, November 8th. Finally, ValuEngine upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and four have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $62.53.

In other news, Director Richard B. Black sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $58.52, for a total value of $58,520.00. Following the completion of the sale, the director now directly owns 38,478 shares of the company’s stock, valued at $2,251,732.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan D. Moore bought 22,400 shares of Applied Optoelectronics stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $44.60 per share, with a total value of $999,040.00. The disclosure for this purchase can be found here. Insiders sold 10,000 shares of company stock valued at $568,140 over the last ninety days. Corporate insiders own 8.19% of the company’s stock.

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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.

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

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