GSA Capital Partners LLP Cuts Stock Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

GSA Capital Partners LLP lowered its stake in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 70.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,915 shares of the semiconductor company’s stock after selling 63,989 shares during the quarter. GSA Capital Partners LLP’s holdings in Applied Optoelectronics were worth $385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Shellback Capital LP bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth $8,617,000. Vanguard Group Inc. boosted its holdings in Applied Optoelectronics by 29.2% during the first quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock worth $27,089,000 after purchasing an additional 442,277 shares during the last quarter. Caxton Associates LP grew its position in Applied Optoelectronics by 550.5% in the 2nd quarter. Caxton Associates LP now owns 411,054 shares of the semiconductor company’s stock worth $3,408,000 after purchasing an additional 347,867 shares in the last quarter. Whale Rock Capital Management LLC increased its stake in Applied Optoelectronics by 30.0% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,333,957 shares of the semiconductor company’s stock valued at $18,489,000 after buying an additional 308,172 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its position in shares of Applied Optoelectronics by 88.6% during the 1st quarter. Kennedy Capital Management LLC now owns 463,213 shares of the semiconductor company’s stock worth $6,420,000 after buying an additional 217,624 shares in the last quarter. 61.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AAOI has been the subject of several recent analyst reports. B. Riley Financial reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Applied Optoelectronics in a report on Thursday, August 8th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Rosenblatt Securities lifted their target price on Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research note on Friday, November 8th. B. Riley reduced their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Raymond James raised their price objective on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One equities 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 stock. According to MarketBeat.com, Applied Optoelectronics has an average rating of “Hold” and a consensus target price of $18.70.

Insiders Place Their Bets

In other Applied Optoelectronics news, 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 transaction of $150,200.00. Following the sale, the insider now owns 132,921 shares of the company’s stock, valued at $1,996,473.42. The trade was a 7.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.40% of the company’s stock.

Applied Optoelectronics Stock Up 4.7 %

AAOI stock opened at $35.68 on Friday. Applied Optoelectronics, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $38.86. The stock has a fifty day moving average of $18.61 and a 200-day moving average of $12.96. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -17.32 and a beta of 1.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61.

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.