Y Intercept Hong Kong Ltd Purchases New Stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Y Intercept Hong Kong Ltd bought a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 23,764 shares of the semiconductor company's stock, valued at approximately $340,000. Y Intercept Hong Kong Ltd owned 0.05% of Applied Optoelectronics as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Applied Optoelectronics by 90.7% during the second quarter. AQR Capital Management LLC now owns 75,981 shares of the semiconductor company's stock worth $630,000 after buying an additional 36,138 shares during the period. XTX Topco Ltd purchased a new position in Applied Optoelectronics in the 3rd quarter worth about $1,109,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Applied Optoelectronics during the third quarter valued at approximately $1,319,000. Westfield Capital Management Co. LP purchased a new stake in shares of Applied Optoelectronics in the third quarter valued at $19,019,000. Finally, Whale Rock Capital Management LLC purchased a new stake in Applied Optoelectronics in the 3rd quarter worth about $16,145,000. 61.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Applied Optoelectronics Stock Performance

NASDAQ AAOI opened at $32.11 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The firm's fifty day moving average price is $26.76 and its two-hundred day moving average price is $16.22. The firm has a market capitalization of $1.45 billion, a P/E ratio of -15.59 and a beta of 2.37. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $44.50.

Analysts Set New Price Targets

AAOI has been the topic of a number of research reports. B. Riley downgraded 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, December 10th. StockNews.com raised shares of Applied Optoelectronics to a "sell" rating in a research report on Friday, October 25th. Northland Securities upped their target price on Applied Optoelectronics from $18.00 to $25.00 and gave the company an "outperform" rating in a research note 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 report on Friday, November 8th. Finally, Rosenblatt Securities increased their target price on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $23.00.

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.