Fuller & Thaler Asset Management Inc. Purchases 65,370 Shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN)

Fuller & Thaler Asset Management Inc. grew its holdings in shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN - Free Report) by 6,537,000.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,371 shares of the communications equipment provider's stock after purchasing an additional 65,370 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.08% of ADTRAN worth $545,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SIH Partners LLLP acquired a new position in shares of ADTRAN in the 4th quarter valued at approximately $107,000. Hsbc Holdings PLC raised its stake in ADTRAN by 11.4% during the fourth quarter. Hsbc Holdings PLC now owns 14,681 shares of the communications equipment provider's stock worth $122,000 after acquiring an additional 1,501 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of ADTRAN by 104.5% during the 4th quarter. Quantbot Technologies LP now owns 14,945 shares of the communications equipment provider's stock valued at $124,000 after purchasing an additional 7,636 shares during the last quarter. Magnetar Financial LLC acquired a new position in ADTRAN during the 4th quarter worth approximately $140,000. Finally, Inceptionr LLC acquired a new stake in ADTRAN in the fourth quarter valued at approximately $162,000. 80.56% of the stock is owned by institutional investors.

ADTRAN Trading Up 1.7 %

NASDAQ:ADTN traded up $0.13 during trading hours on Thursday, hitting $7.79. 816,276 shares of the company were exchanged, compared to its average volume of 1,149,345. The company has a fifty day simple moving average of $8.64 and a 200 day simple moving average of $8.73. ADTRAN Holdings, Inc. has a one year low of $4.54 and a one year high of $12.44. The stock has a market capitalization of $622.90 million, a price-to-earnings ratio of -1.20 and a beta of 1.46. The company has a current ratio of 2.10, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89.

Analysts Set New Price Targets

ADTN has been the subject of several research analyst reports. Craig Hallum began coverage on ADTRAN in a research note on Wednesday, January 8th. They issued a "buy" rating and a $15.00 price target for the company. Rosenblatt Securities dropped their target price on ADTRAN from $15.00 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC boosted their price target on ADTRAN from $11.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ADTRAN currently has a consensus rating of "Buy" and a consensus price target of $12.50.

About ADTRAN

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.