2 weeks Ago By Defense World Staff
Connective Capital Management LLC bought a new stake in Applied Optoelectronics, Inc. ( NASDAQ:AAOI – Free Report ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 30,122 shares of the semiconductor company’s stock, valued at approximately $250,000.
Applied Optoelectronics comprises 0.4% of Connective Capital Management LLC’s investment portfolio, making the stock its 24th biggest position. Connective Capital Management LLC owned about 0.
08% of Applied Optoelectronics as of its most recent SEC filing. Other institutional investors and hedge funds also recently bought and sold shares of the company. Nomura Holdings Inc.
purchased a new stake in shares of Applied Optoelectronics in the 4th quarter valued at approximately $1,501,000. Goldman Sachs Group Inc. raised its stake in shares of Applied Optoelectronics by 9,687.
4% in the 4th quarter. Goldman Sachs Group Inc. now owns 853,948 shares of the semiconductor company’s stock valued at $16,498,000 after acquiring an additional 845,223 shares during the period.
Vanguard Group Inc. raised its stake 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 valued at $27,089,000 after acquiring an additional 442,277 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at approximately $956,000.
Finally, Swiss National Bank purchased a new stake in shares of Applied Optoelectronics in the 1st quarter valued at approximately $1,123,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling In related news, insider David C. Kuo sold 10,000 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $15.
02, for a total transaction of $150,200.00. Following the completion of the sale, the insider now owns 132,921 shares in the company, valued at approximately $1,996,473.
42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website . 5.
40% of the stock is owned by company insiders. Wall Street Analyst Weigh In Get Our Latest Analysis on AAOI Applied Optoelectronics Trading Down 7.3 % Shares of Applied Optoelectronics stock opened at $13.
73 on Monday. The company has a fifty day simple moving average of $10.62 and a 200-day simple moving average of $10.
92. Applied Optoelectronics, Inc. has a 12-month low of $6.
66 and a 12-month high of $24.75. The company has a current ratio of 1.
64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41.
The stock has a market cap of $534.21 million, a price-to-earnings ratio of -7.54 and a beta of 1.
96. Applied Optoelectronics ( NASDAQ:AAOI – Get Free Report ) last issued its earnings results on Tuesday, August 6th. The semiconductor company reported ($0.
28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.01.
Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%.
The business had revenue of $43.27 million during the quarter, compared to analysts’ expectations of $44.14 million.
During the same quarter in the prior year, the business posted ($0.31) EPS. The company’s revenue for the quarter was up 4.
0% on a year-over-year basis. On average, equities analysts forecast that Applied Optoelectronics, Inc. will post -1.
08 EPS for the current fiscal year. Applied Optoelectronics Company Profile ( Free Report ) 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.
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