Applied OptoelectronicsAAOI
Market Cap: $566M
About: Applied Optoelectronics Inc is a provider of fiber-optic networking products for the Internet data center, cable television, telecommunications and fiber-to-the-home end markets. The company focuses on designing and manufacturing a range of optical communication products from components, to subassemblies, and modules to complete turn-key equipment. Demand for Applied Optoelectronics is driven by bandwidth demand in end markets. Through direct sales personnel, and manufacturing teams in the United States, China, and Taiwan, the company coordinates with customers to determine product design, qualifications, and performance. The company derives maximum revenue from Taiwan.
Employees: 2,149
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
59% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 27
14% more funds holding
Funds holding: 117 [Q1] → 133 (+16) [Q2]
8% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 38
0.19% less ownership
Funds ownership: 75.2% [Q1] → 75.01% (-0.19%) [Q2]
15% less call options, than puts
Call options by funds: $12.2M | Put options by funds: $14.3M
39% less capital invested
Capital invested by funds: $400M [Q1] → $242M (-$158M) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Rosenblatt Mike Genovese 59% 1-year accuracy 20 / 34 met price target | 45%upside $20 | Buy Maintained | 12 Sept 2024 |
Raymond James Simon Leopold 65% 1-year accuracy 20 / 31 met price target | 23%upside $17 | Outperform Upgraded | 3 Sept 2024 |
Rosenblatt Mike Genovese 59% 1-year accuracy 20 / 34 met price target | 8%upside $15 | Buy Maintained | 22 Aug 2024 |
B. Riley Securities David Kang 0 / 0 met price target | 35%downside $9 | Neutral Maintained | 7 Aug 2024 |