Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Sells $290,000.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 10,000 shares of Applied Optoelectronics stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $29.00, for a total transaction of $290,000.00. Following the completion of the transaction, the director now directly owns 157,813 shares of the company’s stock, valued at $4,576,577. The trade was a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Applied Optoelectronics Stock Up 0.5 %

Shares of NASDAQ:AAOI traded up $0.15 during trading hours on Friday, hitting $31.03. The company’s stock had a trading volume of 2,355,381 shares, compared to its average volume of 2,610,087. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The firm’s fifty day moving average price is $34.47 and its 200 day moving average price is $19.96. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $44.50. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -15.06 and a beta of 2.39.

Institutional Trading of Applied Optoelectronics

A number of hedge funds have recently bought and sold shares of AAOI. Pingora Partners LLC purchased a new stake in shares of Applied Optoelectronics during the 3rd quarter worth $82,000. FMR LLC boosted its holdings in shares of Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 5,956 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at about $89,000. The Manufacturers Life Insurance Company purchased a new position in shares of Applied Optoelectronics in the 2nd quarter worth approximately $118,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Applied Optoelectronics during the third quarter valued at approximately $186,000. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AAOI. B. Riley cut Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, December 10th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, January 3rd. Rosenblatt Securities lifted their price objective on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Northland Securities reaffirmed an “outperform” rating and set a $40.00 price target (up from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. Finally, Raymond James increased their target price on Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Applied Optoelectronics presently has an average rating of “Hold” and a consensus target price of $29.20.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.