Applied Optoelectronics, Inc. (NASDAQ:AAOI) General Counsel David C. Kuo sold 889 shares of Applied Optoelectronics stock in a transaction on Monday, August 7th. The stock was sold at an average price of $70.00, for a total value of $62,230.00. Following the sale, the general counsel now directly owns 22,864 shares of the company’s stock, valued at $1,600,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Applied Optoelectronics, Inc. (NASDAQ:AAOI) opened at 64.10 on Friday. The firm has a market cap of $1.24 billion, a P/E ratio of 15.23 and a beta of 2.98. The firm’s 50-day moving average price is $78.28 and its 200-day moving average price is $59.12. Applied Optoelectronics, Inc. has a 12 month low of $13.34 and a 12 month high of $103.41.
Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.28. The company had revenue of $117.40 million for the quarter, compared to the consensus estimate of $117.34 million. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The firm’s revenue for the quarter was up 112.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, equities research analysts expect that Applied Optoelectronics, Inc. will post $5.38 EPS for the current fiscal year.
AAOI has been the topic of several recent analyst reports. Cowen and Company lifted their target price on Applied Optoelectronics from $75.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. BidaskClub upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Vetr lowered Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $84.73 price target on the stock. in a report on Friday, July 14th. ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, BWS Financial set a $25.00 price target on Applied Optoelectronics and gave the company a “sell” rating in a report on Wednesday. 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 an average rating of “Buy” and a consensus price target 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.
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.