Y Intercept Hong Kong Ltd Makes New Investment in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Y Intercept Hong Kong Ltd bought a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,764 shares of the semiconductor company’s stock, valued at approximately $340,000. Y Intercept Hong Kong Ltd owned about 0.05% of Applied Optoelectronics as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. XTX Topco Ltd acquired a new position in Applied Optoelectronics in the 3rd quarter valued at about $1,109,000. Whale Rock Capital Management LLC purchased a new position in shares of Applied Optoelectronics in the 3rd quarter valued at approximately $16,145,000. State Street Corp increased its holdings in shares of Applied Optoelectronics by 27.7% in the third quarter. State Street Corp now owns 887,259 shares of the semiconductor company’s stock valued at $12,697,000 after purchasing an additional 192,308 shares during the period. Pingora Partners LLC acquired a new position in shares of Applied Optoelectronics in the third quarter valued at approximately $82,000. Finally, Pinpoint Asset Management Ltd purchased a new stake in shares of Applied Optoelectronics during the third quarter worth approximately $493,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James boosted their price objective on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Northland Securities boosted their price target 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. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. B. Riley cut Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price on the stock. in a research report on Tuesday, December 10th. Finally, Rosenblatt Securities raised their price target on Applied Optoelectronics from $27.50 to $44.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Applied Optoelectronics currently has a consensus rating of “Hold” and an average price target of $23.00.

Applied Optoelectronics Stock Down 8.5 %

AAOI stock opened at $32.11 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. Applied Optoelectronics, Inc. has a 12 month low of $6.70 and a 12 month high of $44.50. The firm has a market capitalization of $1.45 billion, a PE ratio of -15.59 and a beta of 2.37. The company’s 50 day simple moving average is $26.76 and its 200-day simple moving average is $16.22.

Insider Buying and Selling at Applied Optoelectronics

In related news, Director Min-Chu (Mike) Chen sold 9,790 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $40.00, for a total transaction of $391,600.00. Following the sale, the director now owns 165,054 shares in the company, valued at approximately $6,602,160. This trade represents a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David C. Kuo sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total value of $150,200.00. Following the completion of the transaction, the insider now owns 132,921 shares of the company’s stock, valued at $1,996,473.42. This trade represents a 7.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,769 shares of company stock worth $2,813,037. 5.40% of the stock is owned by insiders.

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.