Swiss National Bank increased its stake in Applied Optoelectronics Inc (NASDAQ:AAOI) by 6.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,000 shares of the semiconductor company’s stock after acquiring an additional 1,800 shares during the period. Swiss National Bank owned approximately 0.16% of Applied Optoelectronics worth $802,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in Applied Optoelectronics by 68.4% in the first quarter. SG Americas Securities LLC now owns 38,329 shares of the semiconductor company’s stock worth $961,000 after acquiring an additional 15,569 shares in the last quarter. Alps Advisors Inc. grew its position in Applied Optoelectronics by 116.9% in the first quarter. Alps Advisors Inc. now owns 16,292 shares of the semiconductor company’s stock worth $408,000 after acquiring an additional 8,779 shares in the last quarter. HL Financial Services LLC grew its position in Applied Optoelectronics by 10.0% in the first quarter. HL Financial Services LLC now owns 50,328 shares of the semiconductor company’s stock worth $1,261,000 after acquiring an additional 4,592 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Applied Optoelectronics in the fourth quarter worth about $326,000. Finally, Municipal Employees Retirement System of Michigan grew its position in Applied Optoelectronics by 27.6% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 9,280 shares of the semiconductor company’s stock worth $351,000 after acquiring an additional 2,010 shares in the last quarter. Institutional investors own 68.13% of the company’s stock.
Shares of Applied Optoelectronics opened at $43.47 on Tuesday, Marketbeat Ratings reports. Applied Optoelectronics Inc has a 1 year low of $22.54 and a 1 year high of $103.41. The company has a market cap of $849.34 million, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 2.28 and a beta of 2.71. The company has a quick ratio of 2.14, a current ratio of 3.46 and a debt-to-equity ratio of 0.18.
In other news, CFO Stefan J. Murry sold 3,000 shares of Applied Optoelectronics stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $44.25, for a total transaction of $132,750.00. Following the completion of the sale, the chief financial officer now owns 67,695 shares of the company’s stock, valued at $2,995,503.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.90% of the company’s stock.
Several research analysts recently commented on the company. BidaskClub lowered Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research report on Monday. ValuEngine upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Needham & Company LLC dropped their target price on Applied Optoelectronics from $50.00 to $40.00 and set a “strong-buy” rating for the company in a research report on Thursday, February 22nd. Zacks Investment Research lowered Applied Optoelectronics from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, Rosenblatt Securities began coverage on Applied Optoelectronics in a research report on Monday, June 11th. They set a “sell” rating and a $30.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. Applied Optoelectronics presently has a consensus rating of “Hold” and a consensus price target of $46.53.
About Applied Optoelectronics
Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.
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