Applied Optoelectronics, Inc. (NASDAQ:AAOI) General Counsel David C. Kuo sold 1,116 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $94.87, for a total transaction of $105,874.92. Following the completion of the sale, the general counsel now owns 25,041 shares of the company’s stock, valued at approximately $2,375,639.67. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Applied Optoelectronics, Inc. (NASDAQ AAOI) opened at 64.10 on Friday. The company’s 50-day moving average is $78.28 and its 200 day moving average is $59.12. Applied Optoelectronics, Inc. has a 1-year low of $13.34 and a 1-year high of $103.41. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 15.23 and a beta of 2.98.
Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.28. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The firm had revenue of $117.40 million for the quarter, compared to analysts’ expectations of $117.34 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The business’s revenue was up 112.3% compared to the same quarter last year. On average, equities analysts predict that Applied Optoelectronics, Inc. will post $5.38 EPS for the current fiscal year.
Several equities research analysts have weighed in on AAOI shares. DA Davidson set a $103.00 price objective on shares of Applied Optoelectronics and gave the company a “buy” rating in a research report on Saturday, August 5th. ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. BWS Financial assumed coverage on shares of Applied Optoelectronics in a research note on Friday, June 16th. They issued a “sell” rating and a $25.00 target price on the stock. Cowen and Company reaffirmed an “outperform” rating and issued a $102.00 target price (up previously from $100.00) on shares of Applied Optoelectronics in a research note on Wednesday, August 9th. Finally, Vetr lowered shares of Applied Optoelectronics from a “buy” rating to a “hold” rating and set a $76.95 target price on the stock. in a research note on Monday, June 5th. Three analysts have rated the stock with a sell rating, six have issued a buy rating and six have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $76.98.
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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