Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $60.62, for a total value of $60,620.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Applied Optoelectronics, Inc. (NASDAQ AAOI) traded down 7.72% during trading on Monday, hitting $43.38. The stock had a trading volume of 4,536,411 shares. The stock’s 50-day moving average price is $60.34 and its 200-day moving average price is $64.00. The company has a market capitalization of $837.36 million, a P/E ratio of 10.31 and a beta of 3.06. Applied Optoelectronics, Inc. has a 1-year low of $18.85 and a 1-year high of $103.41.
Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.28. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The company had revenue of $117.40 million during the quarter, compared to analyst estimates of $117.34 million. During the same period in the previous year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 112.3% on a year-over-year basis. Analysts expect that Applied Optoelectronics, Inc. will post $5.32 earnings per share for the current year.
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Several analysts have recently commented on the company. Needham & Company LLC lowered their price objective on Applied Optoelectronics from $115.00 to $75.00 and set a “strong-buy” rating for the company in a research note on Friday. Vetr raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating and set a $76.81 price objective for the company in a research note on Wednesday, August 9th. BidaskClub downgraded Applied Optoelectronics from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Cowen and Company reaffirmed an “outperform” rating and issued a $100.00 target price (up from $94.00) on shares of Applied Optoelectronics in a report on Friday, July 14th. Finally, BWS Financial reaffirmed a “sell” rating and issued a $25.00 target price on shares of Applied Optoelectronics in a report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $70.42.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Tennessee Treasury Department purchased a new stake in Applied Optoelectronics during the 2nd quarter valued at $23,563,000. Robeco Institutional Asset Management B.V. purchased a new stake in Applied Optoelectronics during the 2nd quarter valued at $9,910,000. Renaissance Technologies LLC raised its stake in Applied Optoelectronics by 195.2% during the 1st quarter. Renaissance Technologies LLC now owns 514,000 shares of the semiconductor company’s stock valued at $28,861,000 after buying an additional 339,900 shares during the last quarter. Bourne Lent Asset Management Inc. raised its stake in Applied Optoelectronics by 21.8% during the 2nd quarter. Bourne Lent Asset Management Inc. now owns 8,650 shares of the semiconductor company’s stock valued at $534,000 after buying an additional 1,550 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Applied Optoelectronics by 21.8% during the 1st quarter. Ameriprise Financial Inc. now owns 115,735 shares of the semiconductor company’s stock valued at $6,498,000 after buying an additional 20,695 shares during the last quarter. Institutional investors own 81.59% of the company’s stock.
Applied Optoelectronics Company Profile
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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