Kornitzer Capital Management Inc. KS Sells 43,182 Shares of Applied Optoelectronics, Inc. $AAOI

Kornitzer Capital Management Inc. KS lessened its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 86.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,031 shares of the semiconductor company’s stock after selling 43,182 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Applied Optoelectronics were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Applied Optoelectronics by 10.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,579 shares of the semiconductor company’s stock valued at $393,000 after purchasing an additional 2,415 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Applied Optoelectronics during the second quarter worth $377,000. New York State Common Retirement Fund boosted its stake in Applied Optoelectronics by 36.0% during the second quarter. New York State Common Retirement Fund now owns 17,000 shares of the semiconductor company’s stock worth $437,000 after buying an additional 4,500 shares in the last quarter. Invesco Ltd. increased its holdings in Applied Optoelectronics by 50.0% in the 2nd quarter. Invesco Ltd. now owns 60,817 shares of the semiconductor company’s stock valued at $1,562,000 after buying an additional 20,261 shares during the period. Finally, First Trust Advisors LP bought a new stake in Applied Optoelectronics in the 2nd quarter valued at $952,000. 61.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Chih-Hsiang (Thompson) Lin sold 59,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $166.53, for a total transaction of $9,825,270.00. Following the completion of the sale, the chief executive officer directly owned 1,302,436 shares of the company’s stock, valued at $216,894,667.08. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Cynthia Delaney sold 56,575 shares of Applied Optoelectronics stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $189.23, for a total value of $10,705,687.25. Following the completion of the transaction, the director owned 59,647 shares of the company’s stock, valued at approximately $11,287,001.81. The trade was a 48.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 496,215 shares of company stock worth $86,170,414 over the last ninety days. 3.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AAOI shares. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price objective on shares of Applied Optoelectronics in a research note on Monday, June 22nd. Wall Street Zen lowered shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research report on Monday, April 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Optoelectronics in a research note on Tuesday, July 7th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Applied Optoelectronics in a research report on Wednesday, June 10th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $113.80.

Applied Optoelectronics Trading Down 6.7%

Shares of AAOI stock opened at $111.88 on Tuesday. The company has a market capitalization of $8.98 billion, a P/E ratio of -169.52 and a beta of 3.69. Applied Optoelectronics, Inc. has a 12-month low of $18.50 and a 12-month high of $233.67. The company has a quick ratio of 3.03, a current ratio of 3.83 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $163.96 and a 200 day moving average price of $109.09.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $151.14 million for the quarter, compared to the consensus estimate of $156.98 million. Applied Optoelectronics had a negative return on equity of 4.64% and a negative net margin of 8.55%.Applied Optoelectronics’s quarterly revenue was up 51.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) earnings per share. Applied Optoelectronics has set its Q2 2026 guidance at -0.030-0.030 EPS. Research analysts forecast that Applied Optoelectronics, Inc. will post 0.6 earnings per share for the current fiscal year.

Applied Optoelectronics Profile

Applied Optoelectronics, Inc develops and manufactures high-speed fiber-optic networking products designed to support the growing bandwidth demands of data centers, telecommunications carriers and internet content providers. The company’s core offerings include pluggable optical transceiver modules, transponders and optical components that enable data transmission at rates ranging from 1G to 400G. These products are used to facilitate long-haul, metro and intra-data center connectivity, addressing the need for scalable, low-latency and energy-efficient solutions in modern network infrastructures.

The company’s product portfolio spans small-form factor pluggable modules such as SFP+, QSFP+ and QSFP28 units, as well as more advanced form factors like CFP2 and OSFP for ultra-high-speed applications.