Invesco Dorsey Wright Technology Momentum ETF Experiences Big Inflow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 03 2025
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Should l Buy AAOI?
Source: NASDAQ.COM
PTF Share Price Analysis: PTF's share price has fluctuated between a low of $47.06 and a high of $80.92 over the past year, with the latest trade recorded at $75.40, indicating a potential analysis using the 200-day moving average.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function similarly to stocks, allowing for the buying and selling of "units," which can be created or destroyed based on investor demand, impacting the underlying assets held within the ETFs.
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Analyst Views on AAOI
Wall Street analysts forecast AAOI stock price to fall
4 Analyst Rating
3 Buy
0 Hold
1 Sell
Moderate Buy
Current: 48.400
Low
15.00
Averages
38.25
High
50.00
Current: 48.400
Low
15.00
Averages
38.25
High
50.00
About AAOI
Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products. The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies, and modules to complete turn-key equipment. The Company also designs, manufactures, and integrates its own analog and digital lasers using the proprietary Molecular Beam Epitaxy (MBE) and Metal Organic Chemical Vapor Deposition (MOCVD) alternative processes for the fabrication of lasers. The Company manufactures lasers and laser components and performs research and development activities for laser component and optical module products. The Company offers its fiber-optic networking products, primarily for four networking end-markets, such as cable television, (CATV), Internet data center, telecommunications, (telecom), and fiber-to-the-home (FTTH). The Company has manufacturing facilities in Taipei, Taiwan and Ningbo, China.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
1492 Capital Management Fully Exits Shift4 Payments Stake
- Stake Change: 1492 Capital Management completely sold its 61,345 shares in Shift4 Payments during Q4 2026, with an estimated transaction value of $4.75 million, indicating a strategic exit amid declining stock performance.
- Stock Performance: As of February 9, 2026, Shift4 Payments shares were priced at $58.61, reflecting a 52.1% decline over the past year, significantly underperforming the S&P 500 by 67.15 percentage points, raising concerns about its future outlook.
- Company Overview: Shift4 Payments specializes in payment processing and commerce-enabling software, serving various sectors including hospitality and eCommerce; despite a 22% revenue growth year-over-year in the first nine months of 2025, it faces intense competition and uncertainty.
- Management Transition Impact: Following founder Jared Isaacman's resignation, Shift4 Payments is undergoing a leadership transition, and while new CEO Taylor Lauber may drive growth, market sentiment remains cautious regarding the company's future performance.
See More
1492 Capital Fully Exits Shift4 Payments Stake
- Share Sale Details: On February 10, 2026, 1492 Capital Management disclosed in an SEC filing that it sold its entire holding of 61,345 shares in Shift4 Payments during Q4, with an estimated transaction value of $4.75 million, indicating a $4.75 million decline in the company's stake value during this period.
- Impact on Holdings: Prior to the sale, Shift4 Payments accounted for 1.9% of 1492 Capital's AUM, and following the divestment, the fund holds no shares, reflecting concerns about the company's future prospects amid ongoing market challenges.
- Market Competition Pressure: Although Shift4 carved out a lucrative niche in the hospitality fintech sector, its stock has struggled in a highly competitive environment, particularly following the resignation of its founder, which likely influenced 1492 Capital's decision to exit its position.
- Future Growth Expectations: Despite analysts forecasting a slowdown in revenue growth to 25% in 2026, the anticipated 35% growth for 2025 and a relatively low 28 P/E ratio for a rapidly growing stock suggest a complex market perception regarding Shift4's future potential.
See More
Applied Optoelectronics Executive Sells Shares
- Insider Selling Details: On January 28, 2026, Applied Optoelectronics' Senior Vice President and Chief Legal Officer David C Kuo sold 12,000 shares valued at approximately $540,660, representing 9.48% of his holdings and reducing his ownership stake to 0.17% in the company.
- Trading Plan Context: Kuo's share sale was executed under a pre-scheduled Rule 10b5-1 trading plan, indicating that this transaction was not made at his discretion on the sale date, but rather planned in advance, reflecting a strategic approach to market fluctuations.
- Market Performance Review: Although AAOI's stock price increased by about 20% in January 2026, it experienced a disappointing 4% decline throughout 2025, highlighting the company's struggles with high operating costs and persistent negative net margins, particularly in the challenging U.S. fiber optic market.
- Investor Considerations: The company has reported negative net losses since 2019, prompting investors to closely monitor its operational challenges, especially given the high costs and infrastructure issues in the fiber optic sector that could impact future profitability and market performance.
See More
Applied Optoelectronics Executive Sells Shares Amid Market Concerns
- Executive Sell-off: David C Kuo, Senior VP and Chief Legal Officer of Applied Optoelectronics, sold 12,000 shares on January 28, 2026, for approximately $540,660, reducing his direct holdings to 114,636 shares, which represents 0.17% of total outstanding shares.
- Transaction Pattern: This sale aligns with Kuo's median sale size of 12,250 shares since November 2024, indicating a consistent pattern of disposals; despite a 20% increase in stock price in January, the overall performance remains concerning.
- Financial Overview: Applied Optoelectronics has a market capitalization of $2.98 billion and a one-year price change of 64.38%, yet it has reported negative net margins since 2019, struggling with high operating costs, particularly in U.S. infrastructure implementation.
- Investor Considerations: While Kuo's sale was part of a pre-scheduled trading plan, investors should remain vigilant regarding the company's ongoing negative margins and operational challenges, which could adversely affect future stock performance.
See More
Analysis of AAOI Put Selling Strategy
- Options Selling Risk: Selling puts on AAOI does not provide the same upside potential as owning shares, as the seller only acquires shares if the contract is exercised, indicating a higher risk profile.
- Yield Analysis: Unless AAOI's stock declines by 66.4%, the put seller can only profit from an 11.8% annualized return, highlighting the limited profit potential of this strategy.
- Volatility Consideration: With a trailing twelve-month volatility of 123% for AAOI, combining this with fundamental analysis can assist investors in determining whether selling the January 2028 put at a $15 strike price is worthwhile.
- Market Price Comparison: The seller only benefits at the $15 strike if the contract is exercised, necessitating an evaluation of the current market price relative to the strike price to assess potential investment returns.
See More
Applied Optoelectronics' David Kuo Sells 12,500 Shares for $501,875
- Insider Selling: David Kuo, Chief Legal Officer of Applied Optoelectronics, sold 12,500 shares on December 23, 2025, for a total of $501,875 at $40.15 per share, reflecting his ongoing strategy of position reduction over the past year.
- Ownership Impact: This transaction represented 8.71% of Kuo's direct holdings, slightly above his recent median sell size of 7.67%, indicating a cautious outlook on the company's future performance.
- Market Performance: Kuo's sale coincided with Applied Optoelectronics reaching a 52-week high of $41.96, following a strong third-quarter revenue of $118.6 million, which marked an 81.9% increase year-over-year, highlighting robust market demand.
- Future Outlook: While the company forecasts Q4 revenue between $125 million and $140 million, it still faces a net loss of $17.9 million, prompting investors to carefully assess the elevated price-to-sales ratio and consider waiting for a more favorable buying opportunity.
See More
1492 Capital Management Fully Exits Shift4 Payments Stake
- Stake Change: 1492 Capital Management completely sold its 61,345 shares in Shift4 Payments during Q4 2026, with an estimated transaction value of $4.75 million, indicating a strategic exit amid declining stock performance.
- Stock Performance: As of February 9, 2026, Shift4 Payments shares were priced at $58.61, reflecting a 52.1% decline over the past year, significantly underperforming the S&P 500 by 67.15 percentage points, raising concerns about its future outlook.
- Company Overview: Shift4 Payments specializes in payment processing and commerce-enabling software, serving various sectors including hospitality and eCommerce; despite a 22% revenue growth year-over-year in the first nine months of 2025, it faces intense competition and uncertainty.
- Management Transition Impact: Following founder Jared Isaacman's resignation, Shift4 Payments is undergoing a leadership transition, and while new CEO Taylor Lauber may drive growth, market sentiment remains cautious regarding the company's future performance.
See More
1492 Capital Fully Exits Shift4 Payments Stake
- Share Sale Details: On February 10, 2026, 1492 Capital Management disclosed in an SEC filing that it sold its entire holding of 61,345 shares in Shift4 Payments during Q4, with an estimated transaction value of $4.75 million, indicating a $4.75 million decline in the company's stake value during this period.
- Impact on Holdings: Prior to the sale, Shift4 Payments accounted for 1.9% of 1492 Capital's AUM, and following the divestment, the fund holds no shares, reflecting concerns about the company's future prospects amid ongoing market challenges.
- Market Competition Pressure: Although Shift4 carved out a lucrative niche in the hospitality fintech sector, its stock has struggled in a highly competitive environment, particularly following the resignation of its founder, which likely influenced 1492 Capital's decision to exit its position.
- Future Growth Expectations: Despite analysts forecasting a slowdown in revenue growth to 25% in 2026, the anticipated 35% growth for 2025 and a relatively low 28 P/E ratio for a rapidly growing stock suggest a complex market perception regarding Shift4's future potential.
See More
Applied Optoelectronics Executive Sells Shares
- Insider Selling Details: On January 28, 2026, Applied Optoelectronics' Senior Vice President and Chief Legal Officer David C Kuo sold 12,000 shares valued at approximately $540,660, representing 9.48% of his holdings and reducing his ownership stake to 0.17% in the company.
- Trading Plan Context: Kuo's share sale was executed under a pre-scheduled Rule 10b5-1 trading plan, indicating that this transaction was not made at his discretion on the sale date, but rather planned in advance, reflecting a strategic approach to market fluctuations.
- Market Performance Review: Although AAOI's stock price increased by about 20% in January 2026, it experienced a disappointing 4% decline throughout 2025, highlighting the company's struggles with high operating costs and persistent negative net margins, particularly in the challenging U.S. fiber optic market.
- Investor Considerations: The company has reported negative net losses since 2019, prompting investors to closely monitor its operational challenges, especially given the high costs and infrastructure issues in the fiber optic sector that could impact future profitability and market performance.
See More
Applied Optoelectronics Executive Sells Shares Amid Market Concerns
- Executive Sell-off: David C Kuo, Senior VP and Chief Legal Officer of Applied Optoelectronics, sold 12,000 shares on January 28, 2026, for approximately $540,660, reducing his direct holdings to 114,636 shares, which represents 0.17% of total outstanding shares.
- Transaction Pattern: This sale aligns with Kuo's median sale size of 12,250 shares since November 2024, indicating a consistent pattern of disposals; despite a 20% increase in stock price in January, the overall performance remains concerning.
- Financial Overview: Applied Optoelectronics has a market capitalization of $2.98 billion and a one-year price change of 64.38%, yet it has reported negative net margins since 2019, struggling with high operating costs, particularly in U.S. infrastructure implementation.
- Investor Considerations: While Kuo's sale was part of a pre-scheduled trading plan, investors should remain vigilant regarding the company's ongoing negative margins and operational challenges, which could adversely affect future stock performance.
See More
Analysis of AAOI Put Selling Strategy
- Options Selling Risk: Selling puts on AAOI does not provide the same upside potential as owning shares, as the seller only acquires shares if the contract is exercised, indicating a higher risk profile.
- Yield Analysis: Unless AAOI's stock declines by 66.4%, the put seller can only profit from an 11.8% annualized return, highlighting the limited profit potential of this strategy.
- Volatility Consideration: With a trailing twelve-month volatility of 123% for AAOI, combining this with fundamental analysis can assist investors in determining whether selling the January 2028 put at a $15 strike price is worthwhile.
- Market Price Comparison: The seller only benefits at the $15 strike if the contract is exercised, necessitating an evaluation of the current market price relative to the strike price to assess potential investment returns.
See More
Applied Optoelectronics' David Kuo Sells 12,500 Shares for $501,875
- Insider Selling: David Kuo, Chief Legal Officer of Applied Optoelectronics, sold 12,500 shares on December 23, 2025, for a total of $501,875 at $40.15 per share, reflecting his ongoing strategy of position reduction over the past year.
- Ownership Impact: This transaction represented 8.71% of Kuo's direct holdings, slightly above his recent median sell size of 7.67%, indicating a cautious outlook on the company's future performance.
- Market Performance: Kuo's sale coincided with Applied Optoelectronics reaching a 52-week high of $41.96, following a strong third-quarter revenue of $118.6 million, which marked an 81.9% increase year-over-year, highlighting robust market demand.
- Future Outlook: While the company forecasts Q4 revenue between $125 million and $140 million, it still faces a net loss of $17.9 million, prompting investors to carefully assess the elevated price-to-sales ratio and consider waiting for a more favorable buying opportunity.
See More
