California State Teachers Retirement System Has $5.96 Million Position in Applied Optoelectronics, Inc. $AAOI

California State Teachers Retirement System raised its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 23.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 70,464 shares of the semiconductor company’s stock after purchasing an additional 13,265 shares during the period. California State Teachers Retirement System’s holdings in Applied Optoelectronics were worth $5,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in shares of Applied Optoelectronics by 1,923.7% during the 4th quarter. Allworth Financial LP now owns 769 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 731 shares during the period. Comerica Bank bought a new stake in Applied Optoelectronics in the third quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. increased its stake in Applied Optoelectronics by 166.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,200 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 750 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Applied Optoelectronics in the fourth quarter worth about $55,000. Finally, Headlands Technologies LLC acquired a new position in Applied Optoelectronics in the second quarter worth about $57,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

Applied Optoelectronics Trading Down 2.3%

Shares of AAOI opened at $128.56 on Thursday. The company has a quick ratio of 3.03, a current ratio of 3.83 and a debt-to-equity ratio of 0.18. Applied Optoelectronics, Inc. has a 12-month low of $18.50 and a 12-month high of $233.67. The firm has a market capitalization of $10.32 billion, a PE ratio of -194.79 and a beta of 3.76. The stock’s fifty day simple moving average is $138.69 and its 200-day simple moving average is $117.41.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The firm had revenue of $151.14 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 51.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) earnings per share. As a group, research analysts predict that Applied Optoelectronics, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Needham & Company LLC decreased their price objective on Applied Optoelectronics from $260.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Raymond James Financial reissued an “outperform” rating on shares of Applied Optoelectronics in a report on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Optoelectronics in a research note on Tuesday, July 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of Applied Optoelectronics in a research report on Monday, June 22nd. Finally, Wall Street Zen lowered Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Applied Optoelectronics presently has an average rating of “Hold” and a consensus price target of $141.80.

Insider Activity at Applied Optoelectronics

In related news, CEO Chih-Hsiang (Thompson) Lin sold 59,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were 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. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $189.23, for a total transaction of $10,705,687.25. Following the completion of the transaction, the director owned 59,647 shares in the company, valued at $11,287,001.81. This represents a 48.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 506,215 shares of company stock worth $87,409,447. Insiders own 3.80% of the company’s stock.

Applied Optoelectronics Company 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.