Rice Hall James & Associates LLC Sells 51,072 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Rice Hall James & Associates LLC lessened its holdings in Applied Optoelectronics, Inc. (NASDAQ:AAOI) by 21.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 184,691 shares of the semiconductor company’s stock after selling 51,072 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.39% of Applied Optoelectronics worth $6,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew 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 acquiring an additional 483 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 3,081 shares during the last quarter. Truvestments Capital LLC grew its position in Applied Optoelectronics by 24.3% in the 3rd quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 3,097 shares during the last quarter. Rhumbline Advisers grew its position in Applied Optoelectronics by 9.1% in the 4th quarter. Rhumbline Advisers now owns 60,348 shares of the semiconductor company’s stock valued at $2,224,000 after acquiring an additional 5,035 shares during the last quarter. Finally, Pingora Partners LLC bought a new position in shares of Applied Optoelectronics during the 3rd quarter worth $82,000. Institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Trading Down 4.2 %

Shares of NASDAQ AAOI opened at $25.90 on Tuesday. 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 stock has a market capitalization of $1.21 billion, a P/E ratio of -12.57 and a beta of 2.36. Applied Optoelectronics, Inc. has a 1-year low of $6.70 and a 1-year high of $44.50. The business has a fifty day moving average price of $31.88 and a 200 day moving average price of $23.11.

Insider Buying and Selling

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 2,298 shares of the stock in a transaction dated Tuesday, January 21st. The stock was 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 in the company, valued at approximately $7,379,756.27. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Hung-Lun (Fred) Chang sold 20,323 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $30.35, for a total value of $616,803.05. Following the completion of the sale, the insider now owns 195,572 shares of the company’s stock, valued at approximately $5,935,610.20. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,067 shares of company stock worth $3,243,938 in the last three months. 5.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities increased their price target on Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Raymond James increased their price target on Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, January 31st. B. Riley downgraded Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price target on the stock. in a research report on Tuesday, December 10th. Finally, Northland Securities reissued an “outperform” rating and set a $40.00 price target (up previously from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $29.20.

Applied Optoelectronics Company 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.