Schwab Charles Investment Management Inc. boosted its stake in Applied Optoelectronics Inc (NASDAQ:AAOI) by 173.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,226 shares of the semiconductor company’s stock after buying an additional 65,526 shares during the period. Schwab Charles Investment Management Inc. owned 0.53% of Applied Optoelectronics worth $6,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AAOI. Flinton Capital Management LLC purchased a new position in shares of Applied Optoelectronics during the second quarter valued at approximately $115,000. Citigroup Inc. lifted its holdings in shares of Applied Optoelectronics by 96.2% during the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 993 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Applied Optoelectronics during the second quarter valued at approximately $137,000. Pinebridge Investments L.P. purchased a new position in shares of Applied Optoelectronics during the second quarter valued at approximately $144,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Applied Optoelectronics during the second quarter valued at approximately $149,000. Institutional investors and hedge funds own 76.05% of the company’s stock.

A number of equities analysts recently weighed in on AAOI shares. Needham & Company LLC decreased their price objective on shares of Applied Optoelectronics from $115.00 to $75.00 and set a “strong-buy” rating for the company in a report on Friday, October 13th. B. Riley started coverage on shares of Applied Optoelectronics in a report on Wednesday, January 10th. They issued a “neutral” rating and a $38.00 price objective for the company. Piper Jaffray Companies restated a “buy” rating and issued a $63.00 price objective on shares of Applied Optoelectronics in a report on Friday, October 13th. Cowen restated an “outperform” rating and issued a $81.00 price objective (down from $102.00) on shares of Applied Optoelectronics in a report on Friday, October 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $69.00 target price on shares of Applied Optoelectronics in a research report on Wednesday, November 8th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and four have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $57.98.

In other Applied Optoelectronics news, Director Richard B. Black sold 1,000 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $35.37, for a total value of $35,370.00. Following the sale, the director now owns 34,478 shares in the company, valued at approximately $1,219,486.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $45.30, for a total transaction of $58,890.00. Following the completion of the sale, the chief executive officer now owns 522,837 shares in the company, valued at approximately $23,684,516.10. The disclosure for this sale can be found here. Insiders sold a total of 7,900 shares of company stock valued at $340,554 in the last ninety days. 8.19% of the stock is currently owned by insiders.

Shares of Applied Optoelectronics Inc (AAOI) traded down $2.66 during mid-day trading on Monday, hitting $33.33. 1,720,661 shares of the stock were exchanged, compared to its average volume of 1,180,000. Applied Optoelectronics Inc has a 12-month low of $29.40 and a 12-month high of $103.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99. The company has a market cap of $646.01, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 0.71 and a beta of 2.88.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.23). The firm had revenue of $88.90 million during the quarter, compared to the consensus estimate of $88.53 million. Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The company’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. sell-side analysts expect that Applied Optoelectronics Inc will post 4.21 earnings per share for the current fiscal year.

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About Applied Optoelectronics

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

Institutional Ownership by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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