Applied Optoelectronics Inc (AAOI) : Toth Financial Advisory Corp added new position in Applied Optoelectronics Inc during the most recent quarter end. The investment management firm now holds 50,650 shares of Applied Optoelectronics Inc which is valued at $1,021,104 , the company said in a statement filed on Oct 13, 2016 with the SEC.Applied Optoelectronics Inc makes up approximately 0.31% of Toth Financial Advisory Corp’s portfolio.
Other Hedge Funds, Including , Legal General Group Plc reduced its stake in AAOI by selling 362 shares or 12.12% in the most recent quarter. The Hedge Fund company now holds 2,624 shares of AAOI which is valued at $57,833. Cutler Group Lp sold out all of its stake in AAOI during the most recent quarter. The investment firm sold 150 shares of AAOI which is valued $3,473. Simplex Trading sold out all of its stake in AAOI during the most recent quarter. The investment firm sold 554 shares of AAOI which is valued $12,587.Bnp Paribas Arbitrage Sa boosted its stake in AAOI in the latest quarter, The investment management firm added 504 additional shares and now holds a total of 1,143 shares of Applied Optoelectronics Inc which is valued at $26,586.
Applied Optoelectronics Inc closed down -1.11 points or -4.79% at $22.04 with 3,58,688 shares getting traded on Tuesday. Post opening the session at $23.08, the shares hit an intraday low of $21.82 and an intraday high of $23.2 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.