Cinctive Capital Management LP Acquires New Holdings in Applied Optoelectronics, Inc. $AAOI

Cinctive Capital Management LP bought a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) in the third quarter, Holdings Channel.com reports. The institutional investor bought 30,845 shares of the semiconductor company’s stock, valued at approximately $800,000.

Several other large investors also recently added to or reduced their stakes in AAOI. Vanguard Group Inc. raised its holdings in shares of Applied Optoelectronics by 13.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,624,570 shares of the semiconductor company’s stock valued at $119,915,000 after purchasing an additional 551,910 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Applied Optoelectronics by 18.8% in the second quarter. Geode Capital Management LLC now owns 1,285,693 shares of the semiconductor company’s stock worth $33,034,000 after purchasing an additional 203,830 shares in the last quarter. Citigroup Inc. increased its position in Applied Optoelectronics by 60.0% during the third quarter. Citigroup Inc. now owns 1,160,456 shares of the semiconductor company’s stock worth $30,091,000 after buying an additional 435,349 shares during the last quarter. Hawk Ridge Capital Management LP bought a new position in Applied Optoelectronics during the third quarter valued at about $21,392,000. Finally, Portolan Capital Management LLC boosted its stake in shares of Applied Optoelectronics by 20.0% during the 3rd quarter. Portolan Capital Management LLC now owns 546,219 shares of the semiconductor company’s stock worth $14,163,000 after acquiring an additional 90,897 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Cynthia Delaney sold 21,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $98.02, for a total transaction of $2,058,420.00. Following the transaction, the director owned 116,222 shares in the company, valued at approximately $11,392,080.44. The trade was a 15.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth G. Loboa sold 102,347 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $95.76, for a total transaction of $9,800,748.72. Following the transaction, the director directly owned 20,523 shares of the company’s stock, valued at $1,965,282.48. This represents a 83.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 273,433 shares of company stock worth $23,341,962. Corporate insiders own 4.50% of the company’s stock.

Applied Optoelectronics Stock Performance

Shares of NASDAQ AAOI opened at $94.07 on Tuesday. Applied Optoelectronics, Inc. has a 12 month low of $9.71 and a 12 month high of $128.96. The company has a market cap of $7.07 billion, a P/E ratio of -144.72 and a beta of 3.19. The business’s 50 day moving average is $56.83 and its two-hundred day moving average is $38.98. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.18.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Thursday, February 26th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.11. The company had revenue of $134.27 million during the quarter, compared to analysts’ expectations of $131.56 million. Applied Optoelectronics had a negative return on equity of 5.29% and a negative net margin of 8.39%.Applied Optoelectronics’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) earnings per share. Applied Optoelectronics has set its Q1 2026 guidance at -0.090-0.000 EPS. On average, equities analysts expect that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Needham & Company LLC boosted their target price on Applied Optoelectronics from $43.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $50.00 target price on shares of Applied Optoelectronics in a research note on Thursday, February 19th. B. Riley Financial upgraded shares of Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $54.00 target price on the stock in a report on Friday, February 27th. Wall Street Zen raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Applied Optoelectronics in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $52.80.

Applied Optoelectronics Profile

Applied Optoelectronics, Inc develops and manufactures high-speed fiber-optic networking products designed to support the growing bandwidth demands of data centers, telecommunications carriers and internet content providers. The company’s core offerings include pluggable optical transceiver modules, transponders and optical components that enable data transmission at rates ranging from 1G to 400G. These products are used to facilitate long-haul, metro and intra-data center connectivity, addressing the need for scalable, low-latency and energy-efficient solutions in modern network infrastructures.

The company’s product portfolio spans small-form factor pluggable modules such as SFP+, QSFP+ and QSFP28 units, as well as more advanced form factors like CFP2 and OSFP for ultra-high-speed applications.