Truvestments Capital LLC Increases Stock Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Truvestments Capital LLC boosted its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 24.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,862 shares of the semiconductor company’s stock after purchasing an additional 3,097 shares during the quarter. Truvestments Capital LLC’s holdings in Applied Optoelectronics were worth $227,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AAOI. Vanguard Group Inc. raised its holdings in shares of Applied Optoelectronics by 29.2% in the first quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock valued at $27,089,000 after buying an additional 442,277 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in Applied Optoelectronics in the 1st quarter valued at about $46,000. Caxton Associates LP purchased a new stake in Applied Optoelectronics during the 1st quarter valued at approximately $876,000. Kennedy Capital Management LLC lifted its position in 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 acquiring an additional 217,624 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in shares of Applied Optoelectronics in the 1st quarter valued at approximately $386,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AAOI. Raymond James upped their price target on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. B. Riley Financial restated a “neutral” rating and issued a $9.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. B. Riley lowered their target price on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Finally, Rosenblatt Securities raised their price objective on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.70.

Applied Optoelectronics Stock Down 0.2 %

Shares of NASDAQ AAOI opened at $37.91 on Tuesday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -18.40 and a beta of 1.96. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $39.61. The firm has a 50-day moving average price of $19.57 and a 200 day moving average price of $13.36. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36.

Insider Buying and Selling at Applied Optoelectronics

In related news, Director Elizabeth G. Loboa sold 13,494 shares of Applied Optoelectronics stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $36.54, for a total transaction of $493,070.76. Following the completion of the transaction, the director now directly owns 124,500 shares of the company’s stock, valued at approximately $4,549,230. The trade was a 9.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David C. Kuo sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $15.02, for a total value of $150,200.00. Following the sale, the insider now owns 132,921 shares in the company, valued at approximately $1,996,473.42. The trade was a 7.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,817 shares of company stock valued at $1,687,174. Corporate insiders own 5.40% of the company’s stock.

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.