Stock Traders Purchase High Volume of Applied Optoelectronics Put Options (NASDAQ:AAOI)

Lloyd Doyle
December 7, 2017

Goldman Sachs Group Inc. now owns 12,725 shares of the semiconductor company's stock valued at $715,000 after buying an additional 857 shares in the last quarter. Among active positions in the latest quarter, 130 holders increased their positions by a total of 3.97 million shares, 109 holders decreased the positions by a total of 4.98 million shares, and 20 holders held their positions. 3,986,834 shares of the company's stock traded hands.

Applied Optoelectronics (NASDAQ:AAOI) traded up 6.67% during trading on Tuesday, reaching $74.68. Its down 8.63% from 13.16 million shares previously. Vanguard Group Inc. increased its position in shares of Applied Optoelectronics by 7.7% during the first quarter.

The stock of Applied Optoelectronics Incorporated (NASDAQ:AAOI) registered a decrease of 8.63% in short interest.

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). It has outperformed by 605.35% the S&P500. Four analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and four have given a strong buy rating to the company. Needham & Company LLC reissued a "buy" rating and set a $115.00 price objective on shares of Applied Optoelectronics in a report on Tuesday, September 5th. Needham maintained it with "Buy" rating and $50.0 target in Wednesday, November 8 report. The firm has "Outperform" rating given on Thursday, August 6 by Northland Capital. Roth Capital maintained Applied Optoelectronics, Inc. The rating was maintained by Cowen & Co on Thursday, July 13 with "Buy".

A number of other brokerages also recently issued reports on AAOI. Cardinal Capital Management Ltd Liability Ct accumulated 10,820 shares or 0.03% of the stock. AAOI's profit will be $14.34M for 13.76 P/E if the $0.74 EPS becomes a reality. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.23). Its the same as in 2017Q1. At present, 1 analysts recommended Holding these shares while 1 recommended sell, according to FactSet data. Prudential Fincl has 30,230 shares. Vertical Research reissued a sell rating on shares of Applied Optoelectronics in a report on Thursday, March 30th.

Credit Suisse Ag owns 12,978 shares for 0% of their portfolio. Heartland Advsrs owns 193,062 shares or 0.62% of their U.S. portfolio. Cubist Systematic Strategies holds 6,820 shares or 0.03% of its portfolio. Edmp invested 2.75% of its portfolio in Oracle Corporation (NYSE:ORCL).


Since June 8, 2017, it had 0 buys, and 1 insider sale for $601,086 activity. Advisory Services Network LLC purchased a new position in Applied Optoelectronics during the second quarter worth about $137,000. FMR LLC acquired a new stake in shares of Applied Optoelectronics in the second quarter valued at approximately $45,101,000. The company has market cap of $804.94 million. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. MAC comes in with a P/S ratio of 9.13 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (5.93) and its peers (10.84).

On a similar note, analysts expect EPS of $0.8 in December 2017 quarter and $0.72 in March 2018 quarter, representing 2.56% and -29.41% growth, respectively. BWS Financial set a $25.00 price objective on shares of Applied Optoelectronics and gave the stock a "sell" rating in a research report on Wednesday, August 16th.

Municipal Employees Retirement System of MI raised its position in Applied Optoelectronics Inc (NASDAQ:AAOI) by 73.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. Endurance Wealth Mngmt Inc has invested 0.01% of its portfolio in Applied Optoelectronics, Inc. California State Teachers Retirement System owns 0% invested in Applied Optoelectronics, Inc. Nicholas Invest Ptnrs Limited Partnership owns 34,751 shares. 6,230 were accumulated by Horizon Services Ltd Llc.

Among 9 analysts covering Applied Optoelectronics (NASDAQ:AAOI), 7 have Buy rating, 2 Sell and 0 Hold. Malaga Cove Cap Ltd Liability, California-based fund reported 38,527 shares. This nets out to an increase of 294589 shares and is a bullish sign for AAOI. Barclays Public Limited Co stated it has 95,870 shares. Envestnet Asset Mngmt holds 379 shares. Lord Abbett And Ltd Liability Co stated it has 213,020 shares or 0.04% of all its holdings.

Applied Optoelectronics Inc (NASDAQ:AAOI) opened at $42.46 on Wednesday. Therefore 78% are positive. The short interest to Applied Optoelectronics Incorporated's float is 71.36%. The rating was maintained by Raymond James with "Buy" on Friday, August 4. Of the analysts surveyed by Reuters that track Macerich Company 13 of them rate its stock a hold. (NASDAQ:AAOI) has been trading recently. The stock has "Buy" rating by DA Davidson on Friday, August 4. The firm has "Buy" rating given on Tuesday, September 5 by Needham.

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