Royce & Associates LP Raises Stock Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Royce & Associates LP increased its stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 47.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,596,545 shares of the semiconductor company’s stock after acquiring an additional 515,489 shares during the quarter. Royce & Associates LP owned approximately 3.90% of Applied Optoelectronics worth $22,847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAOI. Shellback Capital LP purchased a new stake in Applied Optoelectronics in the 2nd quarter worth $8,617,000. Vanguard Group Inc. grew its holdings in shares of Applied Optoelectronics by 29.2% during the first quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock worth $27,089,000 after buying an additional 442,277 shares in the last quarter. Caxton Associates LP grew its holdings in shares of Applied Optoelectronics by 550.5% during the second quarter. Caxton Associates LP now owns 411,054 shares of the semiconductor company’s stock worth $3,408,000 after buying an additional 347,867 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of Applied Optoelectronics by 30.0% during the first quarter. Whale Rock Capital Management LLC now owns 1,333,957 shares of the semiconductor company’s stock worth $18,489,000 after buying an additional 308,172 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in shares of Applied Optoelectronics by 88.6% during the first quarter. Kennedy Capital Management LLC now owns 463,213 shares of the semiconductor company’s stock worth $6,420,000 after buying an additional 217,624 shares in the last quarter. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Trading Down 4.8 %

NASDAQ AAOI opened at $26.80 on Friday. The firm’s 50-day moving average is $17.16 and its two-hundred day moving average is $12.38. Applied Optoelectronics, Inc. has a 12 month low of $6.70 and a 12 month high of $29.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The stock has a market capitalization of $1.21 billion, a P/E ratio of -13.01 and a beta of 1.96.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AAOI shares. B. Riley dropped their target price on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Northland Securities upped their target price on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Rosenblatt Securities upped their target price on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. Finally, B. Riley Financial reissued a “neutral” rating and set a $9.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.70.

Insider Buying and Selling at Applied Optoelectronics

In other Applied Optoelectronics news, insider David C. Kuo sold 10,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $26.93, for a total value of $269,300.00. Following the transaction, the insider now owns 118,122 shares of the company’s stock, valued at $3,181,025.46. This represents a 7.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.40% of the stock is currently owned by corporate insiders.

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.