Virtu Financial LLC bought a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,634 shares of the semiconductor company's stock, valued at approximately $353,000. Virtu Financial LLC owned approximately 0.05% of Applied Optoelectronics as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Applied Optoelectronics by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company's stock worth $210,000 after purchasing an additional 483 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Applied Optoelectronics by 2.9% during the third 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 during the last quarter. Truvestments Capital LLC grew its stake in Applied Optoelectronics by 24.3% in the 3rd quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company's stock worth $227,000 after buying an additional 3,097 shares in the last quarter. Pingora Partners LLC purchased a new position in Applied Optoelectronics in the 3rd quarter worth approximately $82,000. Finally, FMR LLC increased its holdings in shares of Applied Optoelectronics by 3,290.6% in 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 last quarter. 61.72% of the stock is currently owned by institutional investors.
NASDAQ:AAOI opened at $35.09 on Tuesday. The firm has a market capitalization of $1.58 billion, a P/E ratio of -17.03 and a beta of 2.37. 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 company has a fifty day moving average of $26.45 and a 200 day moving average of $16.07. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $44.50.
In other news, insider David C. Kuo sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $15.02, for a total transaction of $150,200.00. Following the transaction, the insider now directly owns 132,921 shares of the company's stock, valued at approximately $1,996,473.42. The trade was a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stefan J. Murry sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $31.56, for a total value of $157,800.00. Following the transaction, the chief financial officer now owns 216,129 shares of the company's stock, valued at approximately $6,821,031.24. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,769 shares of company stock valued at $2,813,037. Insiders own 5.40% of the company's stock.
A number of analysts have recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a "buy" rating in a report on Friday. Raymond James lifted their price target on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Northland Securities raised their price objective on Applied Optoelectronics from $18.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, November 8th. StockNews.com raised Applied Optoelectronics to a "sell" rating in a research note on Friday, October 25th. Finally, B. Riley downgraded shares of Applied Optoelectronics from a "neutral" rating to a "sell" rating and set a $14.00 price target on the stock. in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Applied Optoelectronics has an average rating of "Hold" and a consensus price target of $23.00.
View Our Latest Research Report on 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.
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