White Pine Capital LLC Sells 50,357 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI)

White Pine Capital LLC cut its stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) by 66.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,981 shares of the semiconductor company's stock after selling 50,357 shares during the period. White Pine Capital LLC owned 0.05% of Applied Optoelectronics worth $921,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AAOI. The Manufacturers Life Insurance Company grew its holdings in shares of Applied Optoelectronics by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company's stock worth $210,000 after purchasing an additional 483 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Applied Optoelectronics by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company's stock worth $1,557,000 after purchasing an additional 3,081 shares in the last quarter. Truvestments Capital LLC grew its holdings in shares of Applied Optoelectronics by 24.3% during the third quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company's stock worth $227,000 after purchasing an additional 3,097 shares in the last quarter. Pingora Partners LLC purchased a new position in shares of Applied Optoelectronics during the third quarter worth about $82,000. Finally, FMR LLC grew its holdings in shares of Applied Optoelectronics by 3,290.6% during the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 5,956 shares in the last quarter. 61.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on AAOI. Northland Securities reissued 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. B. Riley lowered 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. Raymond James upped 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. StockNews.com upgraded shares of Applied Optoelectronics to a "sell" rating in a research report on Friday, January 31st. Finally, Rosenblatt Securities boosted 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. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $29.20.

Insiders Place Their Bets

In other Applied Optoelectronics news, Director William H. Yeh sold 10,000 shares of Applied Optoelectronics stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.08, for a total value of $430,800.00. Following the transaction, the director now directly owns 223,538 shares of the company's stock, valued at $9,630,017.04. The trade was a 4.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hung-Lun (Fred) Chang sold 20,323 shares of Applied Optoelectronics stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $30.35, for a total value of $616,803.05. Following the completion of the transaction, the insider now directly owns 195,572 shares in the company, valued at $5,935,610.20. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,067 shares of company stock valued at $3,243,938 in the last ninety days. Company insiders own 5.40% of the company's stock.

Applied Optoelectronics Trading Up 2.0 %

Applied Optoelectronics stock traded up $0.53 during trading hours on Tuesday, reaching $26.43. The company had a trading volume of 3,244,639 shares, compared to its average volume of 2,907,917. 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 company has a 50-day moving average price of $31.75 and a 200 day moving average price of $23.24. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -12.83 and a beta of 2.36. Applied Optoelectronics, Inc. has a 12-month low of $6.70 and a 12-month high of $44.50.

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.