Charles Schwab Investment Management Inc. Has $1.56 Million Stock Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Charles Schwab Investment Management Inc. increased its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 2.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,814 shares of the semiconductor company’s stock after buying an additional 3,081 shares during the period. Charles Schwab Investment Management Inc. owned 0.27% of Applied Optoelectronics worth $1,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Royce & Associates LP grew its position in Applied Optoelectronics by 47.7% in the 3rd quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock valued at $22,847,000 after purchasing an additional 515,489 shares during the period. Kovack Advisors Inc. purchased a new stake in shares of Applied Optoelectronics during the third quarter worth $780,000. Oppenheimer & Co. Inc. bought a new stake in shares of Applied Optoelectronics during the third quarter valued at about $186,000. Emerald Advisers LLC grew its position in shares of Applied Optoelectronics by 2.7% during the 3rd quarter. Emerald Advisers LLC now owns 526,458 shares of the semiconductor company’s stock valued at $7,534,000 after purchasing an additional 13,737 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Applied Optoelectronics during the 3rd quarter valued at about $1,319,000. 61.72% of the stock is currently owned by institutional investors.

Applied Optoelectronics Price Performance

AAOI stock opened at $35.09 on Tuesday. The company has a market capitalization of $1.58 billion, a PE ratio of -17.03 and a beta of 2.37. The company’s fifty day moving average price is $26.45 and its 200-day moving average price is $16.07. 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.

Analyst Ratings Changes

AAOI has been the topic of several recent research reports. 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 research report on Tuesday, December 10th. Rosenblatt Securities raised 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. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Raymond James upped their price objective on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Northland Securities increased 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.00.

Insider Activity at Applied Optoelectronics

In other Applied Optoelectronics news, Director Min-Chu (Mike) Chen sold 9,790 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $40.00, for a total value of $391,600.00. Following the sale, the director now owns 165,054 shares in the company, valued at $6,602,160. This trade represents a 5.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David C. Kuo sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $15.02, for a total value of $150,200.00. Following the completion of the transaction, the insider now directly owns 132,921 shares in the company, valued at approximately $1,996,473.42. This trade represents a 7.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,769 shares of company stock valued at $2,813,037. Insiders own 5.40% of the company’s stock.

About Applied Optoelectronics

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.