Fmr LLC Acquires 5,956 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Fmr LLC boosted its stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 3,290.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,137 shares of the semiconductor company’s stock after buying an additional 5,956 shares during the quarter. Fmr LLC’s holdings in Applied Optoelectronics were worth $88,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Applied Optoelectronics by 3.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock valued at $210,000 after purchasing an additional 483 shares during the period. Truvestments Capital LLC raised its stake 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 acquiring an additional 3,097 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Applied Optoelectronics in the 3rd quarter worth approximately $19,019,000. Citigroup Inc. lifted its holdings in shares of Applied Optoelectronics by 4.9% in the 3rd quarter. Citigroup Inc. now owns 345,612 shares of the semiconductor company’s stock worth $4,946,000 after acquiring an additional 16,017 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 3,081 shares in the last quarter. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Stock Down 2.9 %

Shares of AAOI opened at $36.72 on Tuesday. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.50. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $27.83 and a two-hundred day simple moving average of $16.73. The company has a market capitalization of $1.72 billion, a PE ratio of -17.83 and a beta of 2.36.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AAOI. Northland Securities reiterated an “outperform” rating and set a $40.00 target price (up from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. B. Riley lowered shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price for the company. in a research note on Tuesday, December 10th. Rosenblatt Securities upped their price objective on Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Raymond James upped their price target on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday. Two equities 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’s stock. According to MarketBeat.com, Applied Optoelectronics presently has an average rating of “Hold” and an average target price of $29.20.

Insider Buying and Selling at Applied Optoelectronics

In related news, insider David C. Kuo sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $26.93, for a total transaction of $269,300.00. Following the sale, the insider now directly owns 118,122 shares of the company’s stock, valued at $3,181,025.46. This represents a 7.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hung-Lun (Fred) Chang sold 20,323 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $30.35, for a total value of $616,803.05. Following the transaction, the insider now directly owns 195,572 shares of the company’s stock, valued at approximately $5,935,610.20. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,769 shares of company stock worth $3,015,537 over the last three months. Insiders own 5.40% of the company’s stock.

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.