Meeder Asset Management Inc. Invests $38,000 in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Meeder Asset Management Inc. bought a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,040 shares of the semiconductor company’s stock, valued at approximately $38,000.

Other hedge funds also recently added to or reduced their stakes in the company. Pingora Partners LLC purchased a new position in shares of Applied Optoelectronics in the third quarter worth $82,000. FMR LLC increased its position in shares of Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 5,956 shares during the period. The Manufacturers Life Insurance Company raised its stake in Applied Optoelectronics by 3.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 483 shares during the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in Applied Optoelectronics during the 4th quarter worth about $229,000. Finally, Pictet Asset Management Holding SA purchased a new stake in Applied Optoelectronics during the 4th quarter valued at about $245,000. 61.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAOI. Northland Securities reiterated an “outperform” rating and issued a $40.00 target price (up previously from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. B. Riley raised shares of Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $13.00 price objective on the stock in a report on Friday, March 7th. Rosenblatt Securities reissued a “buy” rating and set a $36.00 target price on shares of Applied Optoelectronics in a report on Friday, March 14th. Raymond James upped their price target on shares of Applied Optoelectronics to $31.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Applied Optoelectronics currently has a consensus rating of “Hold” and an average target price of $25.80.

Insider Activity at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 4,000 shares of Applied Optoelectronics stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the sale, the chief financial officer now owns 212,129 shares in the company, valued at $6,728,731.88. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard B. Black sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $29.00, for a total transaction of $290,000.00. Following the sale, the director now directly owns 157,813 shares of the company’s stock, valued at $4,576,577. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,298 shares of company stock valued at $543,821. 4.96% of the stock is owned by company insiders.

Applied Optoelectronics Trading Down 1.7 %

Shares of Applied Optoelectronics stock opened at $15.09 on Wednesday. Applied Optoelectronics, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $44.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. The company has a market cap of $752.25 million, a P/E ratio of -7.33 and a beta of 2.36. The firm has a 50-day simple moving average of $23.31 and a two-hundred day simple moving average of $25.39.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The business had revenue of $100.27 million during the quarter, compared to analyst estimates of $99.92 million. Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. As a group, equities analysts predict that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

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.