Charles Schwab Investment Management Inc. Raises Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Charles Schwab Investment Management Inc. raised its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 2.9% in the third quarter, Holdings Channel reports. The fund owned 108,814 shares of the semiconductor company’s stock after buying an additional 3,081 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Applied Optoelectronics were worth $1,557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AAOI. Royce & Associates LP grew its holdings in shares of Applied Optoelectronics by 47.7% during the 3rd quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock worth $22,847,000 after purchasing an additional 515,489 shares during the period. Shellback Capital LP acquired a new position in shares of Applied Optoelectronics in the 2nd quarter valued at $8,617,000. Dimensional Fund Advisors LP boosted its position in shares of 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 period. Marshall Wace LLP increased its holdings in shares of Applied Optoelectronics by 51.1% in the 2nd quarter. Marshall Wace LLP now owns 541,787 shares of the semiconductor company’s stock valued at $4,491,000 after acquiring an additional 183,260 shares during the period. Finally, Emerald Advisers LLC increased its position in Applied Optoelectronics by 2.7% in the 3rd quarter. Emerald Advisers LLC now owns 526,458 shares of the semiconductor company’s stock valued at $7,534,000 after acquiring an additional 13,737 shares during the period. 61.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $31.56, for a total transaction of $157,800.00. Following the completion of the transaction, the chief financial officer now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William H. Yeh sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $43.08, for a total transaction of $430,800.00. Following the completion of the sale, the director now owns 223,538 shares in the company, valued at approximately $9,630,017.04. This trade represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,769 shares of company stock valued at $2,813,037 in the last three months. 5.40% of the stock is currently owned by corporate insiders.

Applied Optoelectronics Stock Performance

Shares of AAOI opened at $35.09 on Tuesday. The firm has a fifty day moving average of $26.45 and a 200-day moving average of $16.07. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $44.50. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -17.03 and a beta of 2.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61.

Analysts Set New Price Targets

AAOI has been the subject of a number of recent analyst reports. Raymond James raised their price objective on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. B. Riley downgraded 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. Northland Securities boosted their target price on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Rosenblatt Securities raised their price target on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the company a “buy” rating in a report on Friday. Finally, StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Applied Optoelectronics currently has an average rating of “Hold” and a consensus price target of $23.00.

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.