JPMorgan Chase & Co. Has $303,000 Stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

JPMorgan Chase & Co. trimmed its stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 90.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,165 shares of the semiconductor company's stock after selling 206,002 shares during the quarter. JPMorgan Chase & Co.'s holdings in Applied Optoelectronics were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AAOI. Virtu Financial LLC bought a new stake in Applied Optoelectronics in the third quarter valued at $353,000. Barclays PLC raised its position in Applied Optoelectronics by 37.4% in the 3rd quarter. Barclays PLC now owns 56,920 shares of the semiconductor company's stock valued at $815,000 after purchasing an additional 15,507 shares during the last quarter. Geode Capital Management LLC raised its position in Applied Optoelectronics by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 909,559 shares of the semiconductor company's stock valued at $13,018,000 after purchasing an additional 60,241 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Applied Optoelectronics in the third quarter worth $340,000. Finally, XTX Topco Ltd bought a new stake in shares of Applied Optoelectronics during the third quarter worth $1,109,000. 61.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Applied Optoelectronics

In related news, insider Hung-Lun (Fred) Chang sold 20,323 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $30.35, for a total value of $616,803.05. Following the sale, the insider now directly owns 195,572 shares of the company's stock, valued at approximately $5,935,610.20. The trade was a 9.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stefan J. Murry sold 2,298 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $35.17, for a total transaction of $80,820.66. Following the completion of the transaction, the chief financial officer now directly owns 209,831 shares of the company's stock, valued at approximately $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 sold a total of 103,067 shares of company stock worth $3,513,238 in the last quarter. Corporate insiders own 5.40% of the company's stock.

Applied Optoelectronics Trading Down 7.5 %

Shares of Applied Optoelectronics stock traded down $2.09 during trading on Monday, hitting $25.83. 3,199,702 shares of the company were exchanged, compared to its average volume of 2,984,395. The firm's fifty day moving average price is $34.07 and its 200 day moving average price is $21.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The firm has a market capitalization of $1.21 billion, a P/E ratio of -12.54 and a beta of 2.36. Applied Optoelectronics, Inc. has a 1-year low of $6.70 and a 1-year high of $44.50.

Applied Optoelectronics Company 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.