Applied Optoelectronics, Inc. (NASDAQ:AAOI) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC lifted its holdings in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 24.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,862 shares of the semiconductor company’s stock after purchasing an additional 3,097 shares during the period. Truvestments Capital LLC’s holdings in Applied Optoelectronics were worth $227,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Applied Optoelectronics by 29.2% during the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock valued at $27,089,000 after buying an additional 442,277 shares during the last quarter. Royce & Associates LP lifted its position in shares of Applied Optoelectronics by 47.7% in the third quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock valued at $22,847,000 after acquiring an additional 515,489 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Applied Optoelectronics during the third quarter valued at $19,019,000. Shellback Capital LP purchased a new stake in Applied Optoelectronics during the 2nd quarter worth about $8,617,000. Finally, Dimensional Fund Advisors LP raised its stake in Applied Optoelectronics by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 616,701 shares of the semiconductor company’s stock valued at $5,113,000 after purchasing an additional 24,259 shares during the last quarter. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Applied Optoelectronics Trading Down 0.2 %

Shares of AAOI opened at $37.91 on Tuesday. Applied Optoelectronics, Inc. has a twelve month low of $6.70 and a twelve month high of $39.61. The firm has a market capitalization of $1.71 billion, a P/E ratio of -18.40 and a beta of 1.96. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $19.57 and its 200 day simple moving average is $13.36.

Insiders Place Their Bets

In related news, insider Hung-Lun (Fred) Chang sold 20,323 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $30.35, for a total value of $616,803.05. Following the completion of the sale, the insider now directly owns 195,572 shares in the company, valued at approximately $5,935,610.20. This represents a 9.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David C. Kuo sold 10,000 shares of the firm’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 completion of the transaction, the insider now directly owns 118,122 shares in the company, valued at $3,181,025.46. This trade represents a 7.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,817 shares of company stock worth $1,687,174 over the last three months. 5.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on AAOI. Rosenblatt Securities raised their price target on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. Northland Securities lifted their target price on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. B. Riley Financial reissued a “neutral” rating and set a $9.00 price target on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Finally, B. Riley lowered their price objective on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.70.

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.