KBC Group NV lessened its holdings in shares of Applied Optoelectronics Inc (NASDAQ:AAOI) by 9.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,452 shares of the semiconductor company’s stock after selling 10,122 shares during the quarter. KBC Group NV owned 0.48% of Applied Optoelectronics worth $1,473,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of AAOI. Dimensional Fund Advisors LP increased its stake in Applied Optoelectronics by 17.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 359,689 shares of the semiconductor company’s stock worth $16,150,000 after acquiring an additional 54,595 shares during the period. Bank of America Corp DE increased its stake in Applied Optoelectronics by 4.5% during the 2nd quarter. Bank of America Corp DE now owns 39,021 shares of the semiconductor company’s stock worth $1,752,000 after acquiring an additional 1,669 shares during the period. Millennium Management LLC bought a new position in Applied Optoelectronics during the 2nd quarter worth $788,000. Northern Trust Corp increased its stake in Applied Optoelectronics by 3.2% during the 2nd quarter. Northern Trust Corp now owns 224,674 shares of the semiconductor company’s stock worth $10,088,000 after acquiring an additional 6,884 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in Applied Optoelectronics during the 3rd quarter worth $908,000. 66.66% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Stefan J. Murry sold 2,000 shares of Applied Optoelectronics stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $15.40, for a total value of $30,800.00. Following the completion of the transaction, the chief financial officer now directly owns 64,520 shares of the company’s stock, valued at approximately $993,608. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 4,000 shares of company stock worth $63,220 over the last ninety days. Company insiders own 6.90% of the company’s stock.
A number of equities analysts have commented on the company. Zacks Investment Research lowered Applied Optoelectronics from a “buy” rating to a “hold” rating in a research note on Friday, February 1st. ValuEngine lowered Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Cowen decreased their price target on Applied Optoelectronics from $53.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, November 8th. DA Davidson lifted their price target on Applied Optoelectronics to $42.00 and gave the company a “buy” rating in a research note on Thursday, November 8th. Finally, B. Riley decreased their price target on Applied Optoelectronics from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, November 5th. Six investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $24.50.
About Applied Optoelectronics
Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.
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