Marble Arch Investments LP raised its stake in Applied Optoelectronics Inc (NASDAQ:AAOI) by 104.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 360,000 shares of the semiconductor company’s stock after purchasing an additional 184,200 shares during the quarter. Applied Optoelectronics comprises approximately 1.0% of Marble Arch Investments LP’s holdings, making the stock its 19th biggest holding. Marble Arch Investments LP owned approximately 1.86% of Applied Optoelectronics worth $13,615,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in AAOI. The Manufacturers Life Insurance Company boosted its holdings in shares of Applied Optoelectronics by 11.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,671 shares of the semiconductor company’s stock valued at $907,000 after purchasing an additional 1,461 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Applied Optoelectronics by 109.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 66,581 shares of the semiconductor company’s stock valued at $4,306,000 after purchasing an additional 34,806 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Applied Optoelectronics in the 3rd quarter valued at $241,000. New York State Teachers Retirement System boosted its holdings in shares of Applied Optoelectronics by 11.2% in the 3rd quarter. New York State Teachers Retirement System now owns 13,900 shares of the semiconductor company’s stock valued at $899,000 after purchasing an additional 1,400 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Applied Optoelectronics in the 3rd quarter valued at $715,000. Institutional investors own 61.76% of the company’s stock.
In related news, Director Richard B. Black sold 1,000 shares of Applied Optoelectronics stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $35.37, for a total transaction of $35,370.00. Following the transaction, the director now owns 34,478 shares in the company, valued at approximately $1,219,486.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.19% of the company’s stock.
Applied Optoelectronics Inc (NASDAQ AAOI) opened at $29.51 on Wednesday. The company has a current ratio of 3.25, a quick ratio of 2.18 and a debt-to-equity ratio of 0.15. The firm has a market cap of $603.55, a price-to-earnings ratio of 8.06, a P/E/G ratio of 1.15 and a beta of 2.58. Applied Optoelectronics Inc has a 1-year low of $26.11 and a 1-year high of $103.41.
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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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