2 weeks Ago By Defense World Staff
American Century Companies Inc. reduced its stake in Applied Optoelectronics, Inc. ( NASDAQ:AAOI – Free Report ) by 69.
5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,008 shares of the semiconductor company’s stock after selling 348,459 shares during the period. American Century Companies Inc.
owned 0.39% of Applied Optoelectronics worth $1,268,000 at the end of the most recent quarter. Several other large investors also recently modified their holdings of AAOI.
Acuitas Investments LLC grew its stake in Applied Optoelectronics by 38.4% in the 2nd quarter. Acuitas Investments LLC now owns 331,221 shares of the semiconductor company’s stock valued at $2,746,000 after buying an additional 91,885 shares during the last quarter.
Rhumbline Advisers acquired a new position in shares of Applied Optoelectronics in the second quarter valued at approximately $449,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Applied Optoelectronics by 272.1% during the second quarter.
Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 6,787 shares during the period. Summit Securities Group LLC acquired a new stake in Applied Optoelectronics during the 2nd quarter worth approximately $109,000. Finally, Bank of New York Mellon Corp bought a new stake in Applied Optoelectronics in the 2nd quarter valued at $956,000.
61.72% of the stock is owned by institutional investors. Applied Optoelectronics Stock Performance NASDAQ AAOI opened at $14.
31 on Tuesday. The firm’s 50 day simple moving average is $10.71 and its 200 day simple moving average is $10.
93. The firm has a market capitalization of $556.77 million, a price-to-earnings ratio of -7.
86 and a beta of 1.96. The company has a current ratio of 1.
64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41.
Applied Optoelectronics, Inc. has a 1 year low of $6.66 and a 1 year high of $24.
75. Insider Transactions at Applied Optoelectronics In related news, insider David C. Kuo sold 10,000 shares of Applied Optoelectronics stock in a transaction that occurred on Tuesday, September 24th.
The shares were sold at an average price of $15.02, for a total transaction of $150,200.00.
Following the sale, the insider now directly owns 132,921 shares of the company’s stock, valued at approximately $1,996,473.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
Company insiders own 5.40% of the company’s stock. Analyst Ratings Changes Several research analysts have weighed in on AAOI shares.
Raymond James upgraded Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Tuesday, September 3rd. B.
Riley lowered their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.
StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Friday, August 9th. Rosenblatt Securities increased their target price on shares of Applied Optoelectronics from $15.
00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, B.
Riley Financial reiterated a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company.
Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.75. Read Our Latest Analysis on AAOI Applied Optoelectronics Company Profile ( Free Report ) 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. See Also Five stocks we like better than Applied Optoelectronics Top Biotech Stocks: Exploring Innovation Opportunities TJX Stock: A Buying Opportunity Before the Holiday Rush Dividend Capture Strategy: What You Need to Know Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge What Are Dividend Challengers? Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Applied Optoelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics and related companies with MarketBeat.com's FREE daily email newsletter .
.
