UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 5.0% during the third quarter, Holdings Channel.com reports. The fund owned 67,275 shares of the semiconductor company’s stock after selling 3,541 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Applied Optoelectronics were worth $963,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in shares of Applied Optoelectronics during the second quarter valued at about $956,000. Summit Securities Group LLC purchased a new stake in Applied Optoelectronics in the 2nd quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Applied Optoelectronics by 272.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 6,787 shares in the last quarter. Rhumbline Advisers bought a new stake in Applied Optoelectronics during the second quarter worth $449,000. Finally, Acuitas Investments LLC lifted its holdings in Applied Optoelectronics by 38.4% during the second quarter. Acuitas Investments LLC now owns 331,221 shares of the semiconductor company’s stock worth $2,746,000 after acquiring an additional 91,885 shares during the period. Institutional investors own 61.72% of the company’s stock.

Insider Activity at Applied Optoelectronics

In other news, Director William H. Yeh sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $43.08, for a total value of $430,800.00. Following the transaction, the director now owns 223,538 shares of the company’s stock, valued at approximately $9,630,017.04. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hung-Lun (Fred) Chang sold 20,323 shares of Applied Optoelectronics stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $30.35, for a total value of $616,803.05. Following the sale, the insider now directly owns 195,572 shares of the company’s stock, valued at $5,935,610.20. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,769 shares of company stock worth $3,165,737. 5.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AAOI has been the topic of a number of research analyst reports. Rosenblatt Securities boosted their price target on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a report on Friday, December 13th. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. B. Riley downgraded Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price for the company. in a research report on Tuesday, December 10th. Raymond James upped their price target on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Northland Securities reissued an “outperform” rating and issued a $40.00 price objective (up previously from $25.00) on shares of Applied Optoelectronics in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.00.

Applied Optoelectronics Trading Up 5.8 %

NASDAQ:AAOI opened at $33.97 on Thursday. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $44.50. The stock’s fifty day moving average price is $27.12 and its two-hundred day moving average price is $16.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The company has a market cap of $1.53 billion, a P/E ratio of -16.49 and a beta of 2.37.

Applied Optoelectronics 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.