Alps Advisors Inc. increased its position in shares of Applied Optoelectronics (NASDAQ:AAOI) by 116.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,292 shares of the semiconductor company’s stock after acquiring an additional 8,779 shares during the period. Alps Advisors Inc. owned about 0.08% of Applied Optoelectronics worth $408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Resources Investment Advisors Inc. lifted its stake in Applied Optoelectronics by 218.5% during the 4th quarter. Resources Investment Advisors Inc. now owns 2,796 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 1,918 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Applied Optoelectronics during the 4th quarter worth about $113,000. Financial Gravity Companies Inc. acquired a new position in Applied Optoelectronics during the 4th quarter worth about $134,000. Teacher Retirement System of Texas acquired a new position in Applied Optoelectronics during the 4th quarter worth about $232,000. Finally, OppenheimerFunds Inc. lifted its stake in Applied Optoelectronics by 51.1% during the 4th quarter. OppenheimerFunds Inc. now owns 6,394 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 2,161 shares in the last quarter. 61.99% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. Piper Jaffray lowered Applied Optoelectronics from an “overweight” rating to a “neutral” rating in a research note on Monday, January 29th. ValuEngine raised Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Needham & Company LLC cut their price target on Applied Optoelectronics from $50.00 to $40.00 and set a “strong-buy” rating on the stock in a report on Thursday, February 22nd. Craig Hallum downgraded Applied Optoelectronics from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Finally, Cowen restated an “outperform” rating and set a $53.00 price target (down previously from $60.00) on shares of Applied Optoelectronics in a report on Thursday, February 22nd. Four analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and three have given a strong buy rating to the company. Applied Optoelectronics presently has an average rating of “Hold” and an average target price of $48.03.

Shares of Applied Optoelectronics opened at $33.74 on Friday, according to Marketbeat. The company has a current ratio of 3.46, a quick ratio of 2.14 and a debt-to-equity ratio of 0.18. Applied Optoelectronics has a 1-year low of $32.21 and a 1-year high of $33.08. The stock has a market cap of $634.36 million, a price-to-earnings ratio of 7.98, a P/E/G ratio of 1.70 and a beta of 2.59.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.05). Applied Optoelectronics had a return on equity of 20.82% and a net margin of 16.02%. The company had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $68.94 million. During the same quarter last year, the company earned $1.10 EPS. Applied Optoelectronics’s revenue for the quarter was down 32.2% compared to the same quarter last year. research analysts expect that Applied Optoelectronics will post 1.68 earnings per share for the current fiscal year.

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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