XTX Topco Ltd Takes Position in Applied Optoelectronics, Inc. (NASDAQ:AAOI)

XTX Topco Ltd purchased a new position in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) in the 3rd quarter, Holdings Channel reports. The firm purchased 77,520 shares of the semiconductor company’s stock, valued at approximately $1,109,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAOI. Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 purchasing an additional 6,787 shares in the last quarter. Pingora Partners LLC bought a new position in shares of Applied Optoelectronics in the 3rd quarter valued at about $82,000. FMR LLC grew its holdings in shares of Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 5,956 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Applied Optoelectronics during the second quarter worth about $89,000. Finally, Summit Securities Group LLC acquired a new position in Applied Optoelectronics during the second quarter valued at approximately $109,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Applied Optoelectronics Trading Down 7.0 %

Shares of Applied Optoelectronics stock opened at $36.16 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 business has a fifty day simple moving average of $24.45 and a two-hundred day simple moving average of $15.29. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $44.50. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -17.55 and a beta of 2.36.

Insider Activity

In other news, CFO Stefan J. Murry sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $31.56, for a total value of $157,800.00. Following the transaction, the chief financial officer now owns 216,129 shares of the company’s stock, valued at approximately $6,821,031.24. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard B. Black sold 8,162 shares of Applied Optoelectronics stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $37.18, for a total value of $303,463.16. The disclosure for this sale can be found here. Insiders have sold 86,769 shares of company stock valued at $2,813,037 over the last ninety days. 5.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AAOI has been the topic of several recent analyst reports. Rosenblatt Securities boosted their price target on Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. Northland Securities lifted their price objective on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Raymond James boosted their price objective on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One research 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 MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.70.

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.