Sterneck Capital Management LLC lifted its stake in shares of Applied Optoelectronics Inc (NASDAQ:AAOI) by 60.0% during the 4th quarter, HoldingsChannel reports. The firm owned 8,000 shares of the semiconductor company’s stock after buying an additional 3,000 shares during the period. Sterneck Capital Management LLC’s holdings in Applied Optoelectronics were worth $303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Applied Optoelectronics by 132.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 123,224 shares of the semiconductor company’s stock worth $7,614,000 after purchasing an additional 70,224 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Applied Optoelectronics by 21.1% during the 2nd quarter. Alliancebernstein L.P. now owns 21,200 shares of the semiconductor company’s stock worth $1,310,000 after purchasing an additional 3,700 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Applied Optoelectronics by 106.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 14,071 shares of the semiconductor company’s stock worth $910,000 after purchasing an additional 7,251 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Applied Optoelectronics by 10.4% during the 3rd quarter. Principal Financial Group Inc. now owns 160,471 shares of the semiconductor company’s stock worth $10,378,000 after purchasing an additional 15,144 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Applied Optoelectronics by 82.0% during the 2nd quarter. Voya Investment Management LLC now owns 14,892 shares of the semiconductor company’s stock worth $920,000 after purchasing an additional 6,711 shares in the last quarter. 75.68% of the stock is currently owned by institutional investors.

Shares of Applied Optoelectronics Inc (AAOI) opened at $30.72 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12. Applied Optoelectronics Inc has a 1 year low of $30.30 and a 1 year high of $103.41. The firm has a market capitalization of $595.42, a price-to-earnings ratio of 7.33, a P/E/G ratio of 0.61 and a beta of 2.51.

AAOI has been the subject of several recent analyst reports. Zacks Investment Research downgraded Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th. Cowen restated a “buy” rating and set a $60.00 price objective (down from $74.00) on shares of Applied Optoelectronics in a research report on Thursday, December 7th. Piper Jaffray Companies restated a “buy” rating and set a $51.00 price objective on shares of Applied Optoelectronics in a research report on Friday, November 10th. Finally, Northland Securities set a $40.00 price objective on Applied Optoelectronics and gave the stock a “sell” rating in a research report on Sunday, October 15th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $55.89.

In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $45.30, for a total value of $58,890.00. Following the completion of the transaction, the chief executive officer now directly owns 522,837 shares in the company, valued at $23,684,516.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard B. Black sold 1,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $40.43, for a total value of $40,430.00. Following the completion of the transaction, the director now owns 35,478 shares of the company’s stock, valued at $1,434,375.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,900 shares of company stock valued at $297,554. 8.19% of the stock is owned by corporate insiders.

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Applied Optoelectronics Company Profile

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.

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

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