FirstWave Capital Management LLC Has $8.63 Million Stock Holdings in Applied Optoelectronics, Inc. $AAOI

FirstWave Capital Management LLC boosted its stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 199.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,277 shares of the semiconductor company’s stock after buying an additional 38,823 shares during the quarter. Applied Optoelectronics makes up approximately 3.8% of FirstWave Capital Management LLC’s portfolio, making the stock its 8th biggest position. FirstWave Capital Management LLC owned 0.07% of Applied Optoelectronics worth $8,634,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AAOI. BlackRock Inc. bought a new position in shares of Applied Optoelectronics during the second quarter worth about $955,672,000. Vanguard Group Inc. lifted its stake in shares of Applied Optoelectronics by 7.7% in the fourth quarter. Vanguard Group Inc. now owns 4,982,660 shares of the semiconductor company’s stock worth $173,696,000 after acquiring an additional 358,090 shares during the period. Invesco Ltd. boosted its holdings in Applied Optoelectronics by 5,208.9% in the fourth quarter. Invesco Ltd. now owns 3,512,309 shares of the semiconductor company’s stock valued at $122,439,000 after acquiring an additional 3,446,150 shares during 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 acquiring an additional 2,188,630 shares during the last quarter. Finally, Hawk Ridge Capital Management LP increased its position in Applied Optoelectronics by 106.2% during the 4th 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. Institutional investors own 61.70% of the company’s stock.

Applied Optoelectronics Price Performance

Shares of NASDAQ AAOI opened at $105.53 on Friday. The firm has a market capitalization of $8.92 billion, a P/E ratio of -135.29 and a beta of 3.79. The firm’s 50-day moving average price is $117.34 and its 200-day moving average price is $129.24. The company has a current ratio of 2.78, a quick ratio of 2.13 and a debt-to-equity ratio of 0.12. Applied Optoelectronics, Inc. has a 1-year low of $18.50 and a 1-year high of $233.67.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Applied Optoelectronics had a negative return on equity of 1.98% and a negative net margin of 9.57%.The company had revenue of $191.92 million during the quarter, compared to the consensus estimate of $190.48 million. During the same period last year, the business posted ($0.16) EPS. The firm’s revenue for the quarter was up 86.3% compared to the same quarter last year. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. Equities research analysts anticipate that Applied Optoelectronics, Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on AAOI. Rosenblatt Securities restated a “buy” rating and set a $220.00 price target on shares of Applied Optoelectronics in a report on Friday, August 7th. Needham & Company LLC reduced their price objective on shares of Applied Optoelectronics from $220.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Weiss Ratings cut shares of Applied Optoelectronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 17th. Wall Street Zen raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, B. Riley Financial restated a “neutral” rating on shares of Applied Optoelectronics in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $139.40.

Insider Activity at Applied Optoelectronics

In related news, insider Shu-Hua Yeh sold 28,826 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $166.53, for a total value of $4,800,393.78. Following the transaction, the insider directly owned 400,207 shares in the company, valued at $66,646,471.71. This trade represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Hung-Lun Chang sold 40,329 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $170.60, for a total transaction of $6,880,127.40. Following the transaction, the insider owned 286,124 shares in the company, valued at approximately $48,812,754.40. The trade was a 12.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 250,382 shares of company stock valued at $41,373,027 over the last three months. 3.80% of the stock is currently owned by company insiders.

Applied Optoelectronics Company 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.