Investors Purchase High Volume of Applied Optoelectronics Put Options (NASDAQ:AAOI)

Applied Optoelectronics, Inc. (NASDAQ:AAOI) was the target of unusually large options trading on Monday. Investors purchased 640 put options on the stock. This is an increase of 106% compared to the typical daily volume of 310 put options.

In other Applied Optoelectronics news, Director Chewei Lin sold 7,500 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $64.00, for a total value of $480,000.00. Following the transaction, the director now directly owns 53,717 shares of the company’s stock, valued at $3,437,888. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $59.70, for a total value of $59,700.00. Following the completion of the transaction, the director now directly owns 40,478 shares in the company, valued at $2,416,536.60. The disclosure for this sale can be found here. Insiders sold 84,758 shares of company stock worth $6,295,754 over the last three months. Insiders own 8.19% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Citigroup Inc. increased its position in shares of Applied Optoelectronics by 96.2% in the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock worth $126,000 after buying an additional 993 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in shares of Applied Optoelectronics during the second quarter worth about $144,000. PNC Financial Services Group Inc. acquired a new position in shares of Applied Optoelectronics during the second quarter worth about $149,000. Advisor Group Inc. increased its position in shares of Applied Optoelectronics by 82.3% in the second quarter. Advisor Group Inc. now owns 2,505 shares of the semiconductor company’s stock worth $155,000 after buying an additional 1,131 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Applied Optoelectronics during the first quarter worth about $196,000. Institutional investors own 77.36% of the company’s stock.

Applied Optoelectronics (AAOI) opened at 65.84 on Friday. The stock has a market capitalization of $1.27 billion, a PE ratio of 15.64 and a beta of 2.98. The company has a 50-day moving average price of $77.58 and a 200-day moving average price of $57.87. Applied Optoelectronics has a 12-month low of $13.06 and a 12-month high of $103.41.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.15 by $0.28. The firm had revenue of $117.40 million for the quarter, compared to analyst estimates of $117.34 million. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. Applied Optoelectronics’s revenue for the quarter was up 112.3% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. Analysts expect that Applied Optoelectronics will post $5.38 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on the company. Vetr raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating and set a $76.81 price objective on the stock in a research report on Wednesday. Roth Capital reaffirmed a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Applied Optoelectronics in a research report on Friday, May 5th. BidaskClub cut Applied Optoelectronics from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Cowen and Company lifted their price objective on Applied Optoelectronics from $75.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, Needham & Company LLC lifted their price objective on Applied Optoelectronics from $85.00 to $100.00 and gave the company a “strong-buy” rating in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, six have issued a buy rating and six have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $76.98.

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About Applied Optoelectronics

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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