Concurrent Investment Advisors LLC Has $1.12 Million Stock Holdings in Applied Optoelectronics, Inc. $AAOI

Concurrent Investment Advisors LLC trimmed its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 59.1% during the second quarter, HoldingsChannel reports. The firm owned 7,540 shares of the semiconductor company’s stock after selling 10,883 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Applied Optoelectronics were worth $1,117,000 at the end of the most recent quarter.

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

Applied Optoelectronics Trading Down 4.3%

NASDAQ AAOI opened at $103.29 on Friday. Applied Optoelectronics, Inc. has a 12 month low of $18.50 and a 12 month high of $233.67. The company has a current ratio of 2.78, a quick ratio of 2.13 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $114.74 and a 200-day moving average of $131.55. The company has a market cap of $8.74 billion, a PE ratio of -132.42 and a beta of 3.79.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Applied Optoelectronics had a negative net margin of 9.57% and a negative return on equity of 1.98%. The business had revenue of $191.92 million for the quarter, compared to the consensus estimate of $190.48 million. During the same period in the previous year, the company earned ($0.16) earnings per share. The firm’s revenue for the quarter was up 86.3% on a year-over-year basis. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. On average, equities research analysts anticipate that Applied Optoelectronics, Inc. will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AAOI shares. Needham & Company LLC lowered their price target on shares of Applied Optoelectronics from $220.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Rosenblatt Securities restated a “buy” rating and set a $220.00 price objective on shares of Applied Optoelectronics in a research note on Friday, August 7th. B. Riley Financial restated a “neutral” rating on shares of Applied Optoelectronics in a report on Friday, August 7th. Weiss Ratings downgraded Applied Optoelectronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 17th. Finally, Wall Street Zen upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $139.40.

Insider Transactions at Applied Optoelectronics

In other news, CFO Stefan Murry sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $105.33, for a total value of $421,320.00. Following the sale, the chief financial officer directly owned 367,168 shares of the company’s stock, valued at approximately $38,673,805.44. This represents a 1.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Hung-Lun Chang sold 40,329 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $170.60, for a total transaction of $6,880,127.40. Following the completion of the sale, the insider owned 286,124 shares of the company’s stock, valued at $48,812,754.40. This trade represents a 12.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 98,501 shares of company stock worth $14,003,877 in the last ninety days. Insiders own 3.80% of the company’s stock.

About Applied Optoelectronics

Applied Optoelectronics, Inc develops and manufactures fiber-optic networking products and components. Its offerings include optical transceivers, transponders, modules and related equipment used to transmit data over fiber-optic networks.

The company serves several communications markets, including data centers, telecommunications, broadband access and cable television. Its products support applications such as high-speed data transmission, cloud computing, network infrastructure and fiber-based broadband services.

Founded in 1997 and headquartered in Sugar Land, Texas, Applied Optoelectronics serves customers in North America, Asia and other international markets.