Fri Sep 20 09:12:51 UTC 2024: ## Institutional Investors Shift Positions in Applied Optoelectronics (AAOI)

**MarketBeat News** – September 20, 2024 – Several institutional investors have recently adjusted their holdings in Applied Optoelectronics, Inc. (AAOI), a semiconductor company specializing in fiber-optic networking products.

Quest Partners LLC significantly reduced its stake in AAOI by 49.0% during the second quarter, selling 4,021 shares. Meanwhile, other investors increased their positions. Goldman Sachs Group Inc. dramatically expanded its holdings by 9,687.4% in the fourth quarter, acquiring 845,223 shares. Vanguard Group Inc., Whale Rock Capital Management LLC, Kennedy Capital Management LLC, and CloudAlpha Capital Management Limited Hong Kong also increased their holdings during the first quarter.

Overall, hedge funds and institutional investors currently own 61.72% of AAOI stock.

**Trading Activity**

AAOI shares opened at $14.20 on Friday. The company has a market cap of $552.49 million, a P/E ratio of -7.66, and a beta of 1.96.

**Analyst Opinions**

Several research firms have recently provided their insights on AAOI. B. Riley Financial maintained a “neutral” rating with a $9.00 target price, while Raymond James upgraded AAOI to “outperform” with a $17.00 price objective. Other analysts have offered varying perspectives, with one issuing a “sell” rating, two giving a “hold” rating, and two recommending a “buy” rating. Overall, MarketBeat gives AAOI an average rating of “Hold” and a consensus price target of $13.75.

**Company Overview**

Applied Optoelectronics, Inc. designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. Their offerings include optical modules, lasers, and related components.

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