Municipal Employees Retirement System of Michigan Buys Shares of 5,520 Applied Optoelectronics Inc (AAOI)

Municipal Employees Retirement System of Michigan bought a new stake in Applied Optoelectronics Inc (NASDAQ:AAOI) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,520 shares of the semiconductor company’s stock, valued at approximately $85,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AAOI. Benjamin F. Edwards & Company Inc. grew its position in shares of Applied Optoelectronics by 83.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,689 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 767 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Applied Optoelectronics in the 4th quarter valued at $29,000. Neuburgh Advisers LLC grew its position in shares of Applied Optoelectronics by 41.2% in the 4th quarter. Neuburgh Advisers LLC now owns 3,542 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 1,034 shares during the last quarter. Advisor Group Inc. grew its position in shares of Applied Optoelectronics by 24.4% in the 4th quarter. Advisor Group Inc. now owns 4,097 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 803 shares during the last quarter. Finally, Flinton Capital Management LLC grew its position in shares of Applied Optoelectronics by 41.2% in the 4th quarter. Flinton Capital Management LLC now owns 5,474 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 1,598 shares during the last quarter. 59.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Applied Optoelectronics stock opened at $12.59 on Friday. Applied Optoelectronics Inc has a 1 year low of $11.77 and a 1 year high of $50.30. The company has a current ratio of 2.51, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. The firm has a market cap of $250.33 million, a price-to-earnings ratio of 23.75 and a beta of 1.99.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Thursday, February 21st. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.16). Applied Optoelectronics had a negative net margin of 0.80% and a positive return on equity of 3.06%. The company had revenue of $58.02 million for the quarter, compared to the consensus estimate of $60.78 million. On average, research analysts forecast that Applied Optoelectronics Inc will post -0.82 EPS for the current year.

A number of research analysts recently commented on the stock. BidaskClub raised shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 13th. ValuEngine downgraded shares of Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Friday, January 11th. Rosenblatt Securities reissued a “sell” rating and set a $10.00 price objective on shares of Applied Optoelectronics in a research report on Monday, April 15th. Finally, DA Davidson downgraded shares of Applied Optoelectronics from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $42.00 to $16.00 in a research report on Friday, February 22nd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.50.

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Applied Optoelectronics 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 television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

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Institutional Ownership by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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