Citigroup Inc. increased its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 345,612 shares of the semiconductor company's stock after acquiring an additional 16,017 shares during the quarter. Citigroup Inc. owned about 0.85% of Applied Optoelectronics worth $4,946,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AAOI. Vanguard Group Inc. lifted its holdings in shares of Applied Optoelectronics by 29.2% during the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company's stock valued at $27,089,000 after purchasing an additional 442,277 shares during the last quarter. Royce & Associates LP increased its position 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 buying an additional 515,489 shares in the last quarter. Shellback Capital LP purchased a new stake in Applied Optoelectronics in the second quarter valued at about $8,617,000. Dimensional Fund Advisors LP boosted its holdings in Applied Optoelectronics by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 616,701 shares of the semiconductor company's stock worth $5,113,000 after acquiring an additional 24,259 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Applied Optoelectronics by 51.1% during the second quarter. Marshall Wace LLP now owns 541,787 shares of the semiconductor company's stock worth $4,491,000 after acquiring an additional 183,260 shares during the last quarter. Hedge funds and other institutional investors own 61.72% of the company's stock.
Applied Optoelectronics Price Performance
Applied Optoelectronics stock traded up $1.00 during midday trading on Tuesday, reaching $41.74. The company had a trading volume of 3,238,189 shares, compared to its average volume of 4,781,705. 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 12-month low of $6.70 and a 12-month high of $44.31. The firm's fifty day simple moving average is $22.03 and its 200-day simple moving average is $14.34.
Analyst Ratings Changes
Several brokerages recently commented on AAOI. Rosenblatt Securities increased their price objective on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a "buy" rating in a research report on Friday, November 8th. Raymond James lifted their price objective on Applied Optoelectronics from $17.00 to $23.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Northland Securities lifted their target price on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, November 8th. B. Riley Financial reissued a "neutral" rating and set a $9.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Finally, StockNews.com upgraded Applied Optoelectronics to a "sell" rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.70.
Get Our Latest Research Report on Applied Optoelectronics
Insider Activity
In related news, Director William H. Yeh sold 10,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $43.08, for a total transaction of $430,800.00. Following the completion of the sale, the director now owns 223,538 shares of the company's stock, valued at approximately $9,630,017.04. This represents a 4.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stefan J. Murry sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $31.56, for a total transaction of $157,800.00. Following the completion of the transaction, the chief financial officer now directly owns 216,129 shares in the company, valued at $6,821,031.24. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,769 shares of company stock worth $2,813,037 over the last quarter. 5.40% of the stock is currently owned by corporate insiders.
About Applied Optoelectronics
(
Free Report)
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.
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