APPLIED OPTOELECTRONICS, INC.
At today's price, APPLIED OPTOELECTRONICS, INC. (AAOI) is priced for today's economics sustained for ~33.1 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
- At $162, no valuation family reaches the price. The book-value floor is near $15, the peer-multiple methods land in the low $30s, and even the most aggressive forward-growth method lands near $60. The price is a bet beyond what any standard frame supports, the classic shape of an AI-infrastructure momentum name. - The implied bet is stark: the price needs the company to eventually earn an operating margin near 23% and grow revenue at a very high rate for decades, when the trailing operating ma
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361 institutional managers reported holding AAOI in 13F filings for the quarter ended 2026-03-31. Together they hold about 68% of the company; the top 10 hold 36%. 175 opened new positions that quarter. Held by BlackRock, Vanguard Group, Jane Street, among others. On the short side, 10.2M shares were sold short as of the 2026-06-15 count, about 13% of shares outstanding (1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AAOI's share count grew 183% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AAOI over the trailing three years: 2023: 5 buys totaling $668k; 2024: 5 buys totaling $906k; 2025: 13 buys totaling $1.66M. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AAOI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +49.0% | -17.5% |
| 2023-11-10 | -4.9% | +85.8% |
| 2024-02-24 | -26.3% | -23.3% |
| 2024-05-10 | -5.6% | -8.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AAOI's latest 8-K filings: 2026-07-01 (items 1.01, 2.03, 9.01); 2026-06-16 (items 1.01, 2.03, 9.01); 2026-06-05 (items 5.02, 5.07, 9.01); 2026-05-14 (items 1.01, 9.01); 2026-05-13 (items 1.01, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.