Signia Capital Management adds Applied Optoelectronics Inc (AAOI) to its portfolio

Applied Optoelectronics Inc (AAOI) : Signia Capital Management added new position in Applied Optoelectronics Inc during the most recent quarter end. The investment management firm now holds 149,224 shares of Applied Optoelectronics Inc which is valued at $1,830,978 , the company said in a statement filed on Aug 3, 2016 with the SEC.Applied Optoelectronics Inc makes up approximately 5.39% of Signia Capital Management’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c added AAOI to its portfolio by purchasing 5,939 company shares during the most recent quarter which is valued at $72,872. Applied Optoelectronics Inc makes up approx 0.01% of Spot Trading L.l.c’s portfolio. Rice Hall James Associates sold out all of its stake in AAOI during the most recent quarter. The investment firm sold 139,018 shares of AAOI which is valued $1,771,089. Gray Financial Group Ga Adv Adv added AAOI to its portfolio by purchasing 20,748 company shares during the most recent quarter which is valued at $246,071. Applied Optoelectronics Inc makes up approx 0.10% of Gray Financial Group Ga Adv Adv’s portfolio. Creative Planning sold out all of its stake in AAOI during the most recent quarter. The investment firm sold 1,200 shares of AAOI which is valued $13,896.

Applied Optoelectronics Inc closed down -0.5 points or -3.38% at $14.29 with 3,39,307 shares getting traded on Monday. Post opening the session at $14.79, the shares hit an intraday low of $14.2 and an intraday high of $14.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Applied Optoelectronics Inc reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.06. The company had revenue of $55.30 million for the quarter, compared to analysts expectations of $50.84 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Applied Optoelectronics Inc. is a vertically integrated provider of fiber-optic networking products primarily for three networking end-markets: Internet data center cable television (CATV) and fiber-to-the-home (FTTH). The Company designs and manufactures optical communications products at varying levels of integration from components subassemblies and modules to turn-key equipment. The Company has three manufacturing sites: Sugar Land Texas Ningbo China and Taipei Taiwan. It designs manufactures and integrates its own analog and digital lasers using a Molecular Beam Epitaxy (MBE) fabrication process. The Company manufactures the majority of the laser chips and optical components that are used in its products.

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