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77,520 Shares in Applied Optoelectronics, Inc. (NASDAQ:AAOI) Acquired by XTX Topco Ltd

Applied Optoelectronics logo with Computer and Technology background

XTX Topco Ltd bought a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 77,520 shares of the semiconductor company's stock, valued at approximately $1,109,000. XTX Topco Ltd owned approximately 0.17% of Applied Optoelectronics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in AAOI. The Manufacturers Life Insurance Company increased its position in Applied Optoelectronics by 3.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company's stock valued at $210,000 after acquiring an additional 483 shares during the period. Charles Schwab Investment Management Inc. increased its position in Applied Optoelectronics by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company's stock valued at $1,557,000 after acquiring an additional 3,081 shares during the period. Truvestments Capital LLC increased its position in Applied Optoelectronics by 24.3% in the 3rd quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company's stock valued at $227,000 after acquiring an additional 3,097 shares during the period. Pingora Partners LLC acquired a new position in Applied Optoelectronics in the 3rd quarter valued at about $82,000. Finally, FMR LLC increased its position in Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 5,956 shares during the period. Institutional investors and hedge funds own 61.72% of the company's stock.

Applied Optoelectronics Stock Down 8.5 %

Shares of AAOI stock traded down $3.07 during trading hours on Tuesday, hitting $33.09. 5,743,267 shares of the company were exchanged, compared to its average volume of 2,726,518. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. Applied Optoelectronics, Inc. has a one year low of $6.70 and a one year high of $44.50. The business's 50-day simple moving average is $24.45 and its two-hundred day simple moving average is $15.29. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -16.06 and a beta of 2.36.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AAOI shares. B. Riley lowered Applied Optoelectronics from a "neutral" rating to a "sell" rating and set a $14.00 price objective on the stock. in a report on Tuesday. Raymond James boosted their price target on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Rosenblatt Securities lifted their price objective on Applied Optoelectronics from $20.00 to $27.50 and gave the stock a "buy" rating in a research report on Friday, November 8th. Northland Securities boosted their price target on Applied Optoelectronics from $18.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, StockNews.com upgraded Applied Optoelectronics to a "sell" rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $19.70.

Check Out Our Latest Analysis on AAOI

Insider Transactions at Applied Optoelectronics

In related news, insider David C. Kuo sold 10,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00. Following the sale, the insider now owns 132,921 shares in the company, valued at $1,996,473.42. This represents a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stefan J. Murry sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $31.56, for a total transaction of $157,800.00. Following the completion of the sale, the chief financial officer now owns 216,129 shares in the company, valued at $6,821,031.24. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,769 shares of company stock valued at $2,813,037. Insiders own 5.40% of the company's stock.

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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Institutional Ownership by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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