[ad_1]
Schwab Charles Investment Management Inc. lifted its position in Applied Optoelectronics Inc. (NASDAQ: AAOI) by 11.6% during the second quarter, according to the company's most recent filing with the SEC. The fund owned 100,798 shares of the semiconductor company's stock after purchasing an additional 10,481 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.51% of Applied Optoelectronics worth $ 4,526,000 at the end of the most recent reporting period.
Other large companies also recently modified their holdings of the company. BlackRock Inc. Raised its position in shares of Applied Optoelectronics by 9.3% in the 1st quarter. BlackRock Inc. now owns 2,555,397 shares of the semiconductor company's stock value at $ 64,037,000 after acquiring an additional 217,717 shares during the period. JPMorgan Chase & Co. raised its position in shares of Applied Optoelectronics by 190.9% in the 1st quarter. JPMorgan Chase & Co. now owns 174,040 shares of the semiconductor company's stock value at $ 4,362,000 after acquiring an additional 114,216 shares during the period. Guggenheim Capital LLC raised its position in shares of Applied Optoelectronics by 46.8% in the 1st quarter. Guggenheim Capital LLC now owns 225,410 shares of the semiconductor company's stock valued at $ 5,650,000 after acquiring an additional 71,895 shares during the period. Federated Investors Inc. PA in its position in shares of Applied Optoelectronics by 13.662.8% in the 1st quarter. Federated Investors Inc. PA now owns 28,489 shares of the semiconductor company's stock value at $ 714,000 after acquiring an additional 28,282 shares during the period. Finally, Employees Retirement System of Texas Raised its position in shares of Applied Optoelectronics by 108.3% in the 1st quarter. Employees Retirement System of Texas now owns 50,000 shares of the semiconductor company's stock value at $ 1,253,000 after acquiring an additional 26,000 shares during the period. 72.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AAOI opened at $ 21.91 on Friday. Applied Optoelectronics Inc has a low month of $ 20.76 and a high month of $ 50.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.92. The company has a market cap of $ 456.01 million, a PE ratio of 5.18, a price-to-earnings-growth ratio of 2.07 and a beta of 2.60.
Applied Optoelectronics (NASDAQ: AAOI) last released its earnings on Tuesday, August 7th. The semiconductor company reported $ 0.64 per share for the quarter, beating the consensus estimate of $ 0.34 by $ 0.30. Applied Optoelectronics had a net margin of 10.95% and a return on equity of 14.77%. The business had revenue of $ 87.82 million during the quarter, compared to badysts' expectations of $ 77.29 million. As a group, sell-side badysts expect that Applied Optoelectronics Inc. will post 0.75 EPS for the current fiscal year.
AAOI has been the topic of a number of badyst reports. BidaskClub upgraded shares of Applied Optoelectronics from a "hold" rating to a "buy" rating in a research report on Tuesday, August 28th. Needham & Company LLC Downgraded shares of Applied Optoelectronics from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 8th. They noted that the move was a valuation call. DA Davidson restated a "buy" rating and set a $ 36.00 target price in shares of Applied Optoelectronics in a report on Monday, October 1st. Loop Capital restated a "hold" rating and set a $ 45.00 target price on a share of Applied Optoelectronics in a report on Wednesday, August 8th. Finally, Piper Jaffray Companies restated a "hold" rating and set a $ 43.00 target price tagged on Applied Optoelectronics in a report on Wednesday, August 8th. Seven equities research badysts have rated the value of a credit rating and have issued a credit rating. The company has a consensus rating of "Hold" and a consensus target price of $ 31.78.
Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable TV and telecommunication equipment manufacturers, and Internet service providers through its direct and indirect sales channels.
Featured Story: Stock Symbols Definition, Examples, Lookup
Receive News & Ratings for Applied Optoelectronics Daily – enter your email address to receive a concise daily summary of the latest news and badysts' ratings for Applied Optoelectronics and related companies with MarketBeat.com's FREE daily email newsletter.
Source link
