Kennedy Capital Management LLC Purchases 217,624 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Kennedy Capital Management LLC increased its holdings in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 88.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 463,213 shares of the semiconductor company’s stock after purchasing an additional 217,624 shares during the quarter. Kennedy Capital Management LLC owned approximately 1.19% of Applied Optoelectronics worth $6,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Applied Optoelectronics by 29.2% in the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock worth $27,089,000 after purchasing an additional 442,277 shares during the period. Hood River Capital Management LLC raised its position in shares of Applied Optoelectronics by 6.5% in the 1st quarter. Hood River Capital Management LLC now owns 1,439,404 shares of the semiconductor company’s stock worth $19,950,000 after acquiring an additional 88,281 shares in the last quarter. Whale Rock Capital Management LLC grew its stake in Applied Optoelectronics by 30.0% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,333,957 shares of the semiconductor company’s stock worth $18,489,000 after buying an additional 308,172 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Applied Optoelectronics by 9,687.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 853,948 shares of the semiconductor company’s stock valued at $16,498,000 after purchasing an additional 845,223 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong lifted its holdings in shares of Applied Optoelectronics by 30.4% in the 1st quarter. CloudAlpha Capital Management Limited Hong Kong now owns 831,200 shares of the semiconductor company’s stock valued at $11,520,000 after buying an additional 194,000 shares during the period. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Trading Up 5.9 %

Shares of NASDAQ AAOI traded up $0.48 during trading on Wednesday, hitting $8.60. 517,056 shares of the company traded hands, compared to its average volume of 2,415,378. Applied Optoelectronics, Inc. has a 1 year low of $5.86 and a 1 year high of $24.75. The company has a 50-day moving average price of $9.79 and a 200-day moving average price of $12.83. The firm has a market capitalization of $334.63 million, a P/E ratio of -4.46 and a beta of 1.97. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 0.39.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Thursday, May 9th. The semiconductor company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.03). The company had revenue of $40.67 million during the quarter, compared to analyst estimates of $43.56 million. Applied Optoelectronics had a negative net margin of 30.65% and a negative return on equity of 16.30%. On average, equities analysts predict that Applied Optoelectronics, Inc. will post -0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Rosenblatt Securities reduced their price target on Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, May 10th. B. Riley Financial reduced their price objective on Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Monday. Finally, B. Riley lowered their price target on Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Applied Optoelectronics currently has an average rating of “Hold” and a consensus price target of $15.00.

Applied Optoelectronics Profile

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.