UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $963,000 Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 5.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,275 shares of the semiconductor company’s stock after selling 3,541 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of Applied Optoelectronics worth $963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MetLife Investment Management LLC grew its holdings in shares of Applied Optoelectronics by 129.1% during the third quarter. MetLife Investment Management LLC now owns 21,565 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 12,151 shares during the last quarter. FMR LLC boosted its position in Applied Optoelectronics by 3,290.6% during the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock worth $88,000 after buying an additional 5,956 shares during the period. The Manufacturers Life Insurance Company grew its holdings in 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 worth $210,000 after acquiring an additional 483 shares during the last quarter. 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. Finally, Westfield Capital Management Co. LP bought a new position in shares of Applied Optoelectronics during the third quarter valued at $19,019,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

Insider Activity

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $31.56, for a total value of $157,800.00. Following the completion of the sale, the chief financial officer now owns 216,129 shares of the company’s stock, valued at approximately $6,821,031.24. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard B. Black sold 8,162 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $37.18, for a total value of $303,463.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,769 shares of company stock worth $3,165,737. Company insiders own 5.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AAOI shares. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a report on Friday, October 25th. Raymond James raised their price objective on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Northland Securities reiterated an “outperform” rating and issued a $40.00 target price (up from $25.00) on shares of Applied Optoelectronics in a report on Wednesday. B. Riley lowered shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price target for the company. in a report on Tuesday, December 10th. Finally, Rosenblatt Securities increased their price target on 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 issued a buy rating to the company’s stock. According to MarketBeat, Applied Optoelectronics currently has an average rating of “Hold” and an average target price of $26.00.

Applied Optoelectronics Stock Up 5.8 %

Shares of NASDAQ AAOI opened at $33.97 on Thursday. 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 firm has a market cap of $1.53 billion, a PE ratio of -16.49 and a beta of 2.37. The company’s fifty day simple moving average is $27.12 and its 200 day simple moving average is $16.34. Applied Optoelectronics, Inc. has a 12-month low of $6.70 and a 12-month high of $44.50.

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.