Financial Gravity Wealth Inc. Acquires Shares of 4,624 Applied Optoelectronics Inc (AAOI)

Financial Gravity Wealth Inc. acquired a new stake in Applied Optoelectronics Inc (NASDAQ:AAOI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,624 shares of the semiconductor company’s stock, valued at approximately $143,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAOI. Amundi Pioneer Asset Management Inc. acquired a new stake in Applied Optoelectronics in the 4th quarter valued at about $113,000. Financial Gravity Companies Inc. acquired a new stake in Applied Optoelectronics in the 4th quarter valued at about $134,000. PNC Financial Services Group Inc. lifted its stake in Applied Optoelectronics by 29.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,767 shares of the semiconductor company’s stock valued at $195,000 after purchasing an additional 1,744 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Applied Optoelectronics in the 4th quarter valued at about $232,000. Finally, OppenheimerFunds Inc. lifted its stake in Applied Optoelectronics by 49.4% in the 1st quarter. OppenheimerFunds Inc. now owns 9,552 shares of the semiconductor company’s stock valued at $239,000 after purchasing an additional 3,158 shares during the last quarter. Institutional investors own 68.13% of the company’s stock.

Shares of AAOI stock opened at $43.13 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.46 and a quick ratio of 2.14. The company has a market cap of $825.26 million, a price-to-earnings ratio of 10.20, a P/E/G ratio of 2.22 and a beta of 2.71. Applied Optoelectronics Inc has a 12-month low of $22.54 and a 12-month high of $103.41.



Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.05). The company had revenue of $65.20 million for the quarter, compared to analyst estimates of $68.94 million. Applied Optoelectronics had a return on equity of 20.82% and a net margin of 16.02%. The company’s revenue was down 32.2% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. sell-side analysts anticipate that Applied Optoelectronics Inc will post 1.68 EPS for the current fiscal year.

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $44.25, for a total transaction of $132,750.00. Following the completion of the sale, the chief financial officer now directly owns 67,695 shares in the company, valued at $2,995,503.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.90% of the company’s stock.

Several equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research note on Monday. Rosenblatt Securities assumed coverage on shares of Applied Optoelectronics in a research note on Monday, June 11th. They issued a “sell” rating and a $30.00 target price for the company. ValuEngine upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Saturday, May 26th. Finally, Zacks Investment Research downgraded shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $46.53.

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.

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

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