Affinity Wealth Management LLC Invests $7.97 Million in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Affinity Wealth Management LLC bought a new stake in Applied Optoelectronics, Inc. (NASDAQ:AAOI) in the 4th quarter, Holdings Channel reports. The fund bought 216,091 shares of the semiconductor company’s stock, valued at approximately $7,965,000. Applied Optoelectronics accounts for 1.4% of Affinity Wealth Management LLC’s holdings, making the stock its 21st biggest position.

A number of other large investors have also added to or reduced their stakes in AAOI. The Manufacturers Life Insurance Company boosted its position in Applied Optoelectronics by 3.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock valued at $210,000 after buying an additional 483 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Applied Optoelectronics by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company’s stock valued at $1,557,000 after purchasing an additional 3,081 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of Applied Optoelectronics by 24.3% during the 3rd quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 3,097 shares during the last quarter. Pingora Partners LLC purchased a new position in shares of Applied Optoelectronics during the 3rd quarter valued at approximately $82,000. Finally, FMR LLC grew its position in shares of Applied Optoelectronics by 3,290.6% during the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock worth $88,000 after buying an additional 5,956 shares in the last quarter. 61.72% of the stock is owned by institutional investors and hedge funds.

Applied Optoelectronics Price Performance

Shares of AAOI opened at $30.69 on Friday. 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 $1.44 billion, a P/E ratio of -14.90 and a beta of 2.39. Applied Optoelectronics, Inc. has a 12 month low of $6.70 and a 12 month high of $44.50. The stock has a fifty day moving average price of $34.91 and a 200 day moving average price of $21.02.

Analyst Ratings Changes

AAOI has been the topic of several recent analyst reports. Northland Securities reaffirmed an “outperform” rating and issued a $40.00 price target (up from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. B. Riley lowered Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price objective for the company. in a report on Tuesday, December 10th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a report on Wednesday. Raymond James boosted their target price on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Rosenblatt Securities raised their price target on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $29.20.

Insider Buying and Selling at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 2,298 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total value of $80,820.66. Following the completion of the sale, the chief financial officer now directly owns 209,831 shares of the company’s stock, valued at approximately $7,379,756.27. This represents a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William H. Yeh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $43.08, for a total transaction of $430,800.00. Following the transaction, the director now owns 223,538 shares in the company, valued at $9,630,017.04. This represents a 4.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,067 shares of company stock valued at $3,513,238 in the last ninety days. Company insiders own 5.40% of the company’s stock.

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.