China Universal Asset Management Co. Ltd. Acquires New Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

China Universal Asset Management Co. Ltd. bought a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 30,500 shares of the semiconductor company's stock, valued at approximately $1,124,000. China Universal Asset Management Co. Ltd. owned about 0.07% of Applied Optoelectronics as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AAOI. Royce & Associates LP increased its stake in Applied Optoelectronics by 47.7% during the 3rd quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company's stock valued at $22,847,000 after purchasing an additional 515,489 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in Applied Optoelectronics in the 3rd quarter valued at about $19,019,000. Whale Rock Capital Management LLC bought a new stake in Applied Optoelectronics during the 3rd quarter worth approximately $16,145,000. Geode Capital Management LLC increased its holdings in Applied Optoelectronics by 7.1% during the 3rd quarter. Geode Capital Management LLC now owns 909,559 shares of the semiconductor company's stock worth $13,018,000 after purchasing an additional 60,241 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Applied Optoelectronics by 27.7% in the third quarter. State Street Corp now owns 887,259 shares of the semiconductor company's stock valued at $12,697,000 after purchasing an additional 192,308 shares in the last quarter. 61.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AAOI has been the topic of a number of analyst reports. Rosenblatt Securities lifted their price objective on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a "buy" rating in a report on Friday, December 13th. StockNews.com upgraded shares of Applied Optoelectronics to a "sell" rating in a research note on Friday, January 31st. Raymond James boosted their target price on Applied Optoelectronics from $17.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Northland Securities reaffirmed an "outperform" rating and set a $40.00 target price (up from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. Finally, B. Riley downgraded shares of Applied Optoelectronics from a "neutral" rating to a "sell" rating and set a $14.00 price objective for the company. in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Applied Optoelectronics currently has an average rating of "Hold" and a consensus target price of $29.20.

Applied Optoelectronics Stock Up 5.9 %

Applied Optoelectronics stock traded up $1.60 on Wednesday, hitting $28.72. 1,968,383 shares of the stock traded hands, compared to its average volume of 3,009,261. The business's fifty day simple moving average is $33.87 and its 200 day simple moving average is $21.91. The firm has a market cap of $1.35 billion, a P/E ratio of -13.95 and a beta of 2.36. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $44.50.

Insider Buying and Selling

In other news, Director William H. Yeh sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $43.08, for a total value of $430,800.00. Following the transaction, the director now owns 223,538 shares in the company, valued at approximately $9,630,017.04. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stefan J. Murry sold 2,298 shares of Applied Optoelectronics stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $35.17, for a total value of $80,820.66. Following the completion of the sale, the chief financial officer now owns 209,831 shares of the company's stock, valued at $7,379,756.27. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,067 shares of company stock worth $3,513,238 in the last 90 days. Insiders own 5.40% of the company's stock.

Applied Optoelectronics Profile

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.