Applied Optoelectronics, Inc. (NASDAQ:AAOI) Holdings Decreased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its position in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 14.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,400 shares of the semiconductor company’s stock after selling 16,500 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Applied Optoelectronics were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AAOI. CANADA LIFE ASSURANCE Co acquired a new position in Applied Optoelectronics during the 1st quarter worth $46,000. Headlands Technologies LLC acquired a new position in Applied Optoelectronics during the 4th quarter worth $191,000. Bailard Inc. acquired a new position in Applied Optoelectronics during the 4th quarter worth $305,000. Mach 1 Financial Group LLC acquired a new position in Applied Optoelectronics during the 4th quarter worth $367,000. Finally, Alpha DNA Investment Management LLC acquired a new position in Applied Optoelectronics during the 4th quarter worth $409,000. 61.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AAOI shares. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research note on Saturday, June 22nd. B. Riley Financial dropped 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. Rosenblatt Securities dropped their price objective on Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, B. Riley dropped 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Applied Optoelectronics currently has a consensus rating of “Hold” and an average target price of $15.00.

Applied Optoelectronics Price Performance

Shares of Applied Optoelectronics stock traded up $0.06 on Friday, reaching $8.67. 1,351,238 shares of the company were exchanged, compared to its average volume of 2,236,273. The stock has a fifty day moving average price of $9.95 and a 200-day moving average price of $13.02. 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, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $24.75.

Applied Optoelectronics (NASDAQ:AAOI) last announced 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 for the quarter, compared to analyst estimates of $43.56 million. Applied Optoelectronics had a negative return on equity of 16.30% and a negative net margin of 30.65%. Sell-side analysts expect that Applied Optoelectronics, Inc. will post -0.66 earnings per share for the current fiscal year.

About Applied Optoelectronics

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.