Susquehanna International Group Reduces $41M in Applied Optoelectronics, Inc. ($AAOI)
Key Points
- Susquehanna International Group changed its Applied Optoelectronics, Inc. ($AAOI) stake by 73.6% last quarter, cutting to 86,973 shares worth $14.79 million.
- Wall Street's consensus rating on $AAOI is Buy and an average price target of $151.30.
- $AAOI last traded around $170.05.
Susquehanna International Group reduced its position in Applied Optoelectronics, Inc. ($AAOI) by 73.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,973 shares of Applied Optoelectronics, Inc. after selling 242,498 shares during the quarter. Susquehanna International Group's holdings in Applied Optoelectronics, Inc. were worth $14.79 million as of its most recent filing.
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About Applied Optoelectronics, Inc.
Applied Optoelectronics, Inc. engages in the design, manufacture, and sale of fiber-optic networking products in the United States, Taiwan, and China. The company offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, and distribution equipment, as well as amplifiers. It sells its products to internet data center operators, cable television, telecom equipment manufacturers, fiber-to-the-home, and internet service providers through its direct and indirect sales channels. Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.
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