Corsair Capital Management L.P. Makes New Investment in Applied Optoelectronics, Inc. $AAOI

Corsair Capital Management L.P. purchased a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,000 shares of the semiconductor company’s stock, valued at approximately $677,000.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its stake in shares of Applied Optoelectronics by 5,208.9% in the fourth quarter. Invesco Ltd. now owns 3,512,309 shares of the semiconductor company’s stock worth $122,439,000 after acquiring an additional 3,446,150 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Applied Optoelectronics by 5,321.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,229,757 shares of the semiconductor company’s stock valued at $77,730,000 after purchasing an additional 2,188,630 shares during the period. Morgan Stanley boosted its holdings in Applied Optoelectronics by 157.1% in the fourth quarter. Morgan Stanley now owns 1,699,855 shares of the semiconductor company’s stock valued at $59,257,000 after purchasing an additional 1,038,775 shares during the period. Hawk Ridge Capital Management LP boosted its holdings in Applied Optoelectronics by 106.2% in the fourth quarter. Hawk Ridge Capital Management LP now owns 1,700,900 shares of the semiconductor company’s stock valued at $59,293,000 after purchasing an additional 875,903 shares during the period. Finally, Artemis Investment Management LLP acquired a new position in Applied Optoelectronics during the 4th quarter worth $26,923,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

Analysts Set New Price Targets

AAOI has been the topic of several recent research reports. Wall Street Zen downgraded Applied Optoelectronics from a “hold” rating to a “sell” rating in a report on Monday, April 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Applied Optoelectronics in a research note on Tuesday, July 7th. Raymond James Financial reissued an “outperform” rating on shares of Applied Optoelectronics in a research report on Wednesday, June 10th. Needham & Company LLC cut their target price on shares of Applied Optoelectronics from $260.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 target price on shares of Applied Optoelectronics in a report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $141.80.

Insider Activity

In related news, insider Hung-Lun (Fred) Chang sold 40,329 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $170.60, for a total transaction of $6,880,127.40. Following the completion of the sale, the insider owned 286,124 shares in the company, valued at $48,812,754.40. This represents a 12.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David C. Kuo sold 29,227 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $166.53, for a total transaction of $4,867,172.31. Following the transaction, the insider directly owned 149,078 shares in the company, valued at $24,825,959.34. The trade was a 16.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 500,215 shares of company stock worth $86,658,774 over the last 90 days. 3.80% of the stock is owned by corporate insiders.

Applied Optoelectronics Price Performance

Shares of NASDAQ AAOI opened at $100.15 on Monday. The company has a current ratio of 3.83, a quick ratio of 3.03 and a debt-to-equity ratio of 0.18. Applied Optoelectronics, Inc. has a twelve month low of $18.50 and a twelve month high of $233.67. The stock has a 50 day moving average of $150.48 and a two-hundred day moving average of $113.64. The stock has a market cap of $8.04 billion, a P/E ratio of -151.74 and a beta of 3.69.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $151.14 million during the quarter, compared to analyst estimates of $156.98 million. Applied Optoelectronics had a negative net margin of 8.55% and a negative return on equity of 4.64%. Applied Optoelectronics’s revenue was up 51.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) earnings per share. Applied Optoelectronics has set its Q2 2026 guidance at -0.030-0.030 EPS. On average, research analysts forecast that Applied Optoelectronics, Inc. will post 0.6 earnings per share for the current year.

About Applied Optoelectronics

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.