David C. Kuo Sells 1,116 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock

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.

ILLEGAL ACTIVITY WARNING: This article was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.com-unik.info/2017/08/19/insider-selling-applied-optoelectronics-inc-nasdaqaaoi-general-counsel-sells-1116-shares-of-stock-updated-updated-updated.html.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Applied Optoelectronics by 86.8% in the second quarter. BlackRock Inc. now owns 2,093,297 shares of the semiconductor company’s stock valued at $129,346,000 after buying an additional 972,428 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in Applied Optoelectronics by 75.2% in the first quarter. Whale Rock Capital Management LLC now owns 1,155,356 shares of the semiconductor company’s stock valued at $64,873,000 after buying an additional 495,915 shares in the last quarter. Vanguard Group Inc. raised its stake in Applied Optoelectronics by 49.8% in the second quarter. Vanguard Group Inc. now owns 953,505 shares of the semiconductor company’s stock valued at $58,917,000 after buying an additional 317,033 shares in the last quarter. FMR LLC purchased a new stake in Applied Optoelectronics during the second quarter valued at $45,101,000. Finally, Balyasny Asset Management LLC purchased a new stake in Applied Optoelectronics during the second quarter valued at $44,798,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

What are top analysts saying about Applied Optoelectronics Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Applied Optoelectronics Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit