Insider Selling: Applied Optoelectronics Inc (AAOI) Director Sells $40,430.00 in Stock

Applied Optoelectronics Inc (NASDAQ:AAOI) Director Richard B. Black sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $40.43, for a total transaction of $40,430.00. Following the completion of the transaction, the director now owns 35,478 shares in the company, valued at $1,434,375.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Applied Optoelectronics Inc (NASDAQ AAOI) traded up $0.20 during mid-day trading on Thursday, hitting $40.35. 887,100 shares of the company were exchanged, compared to its average volume of 2,554,555. The stock has a market cap of $778.20, a PE ratio of 9.54, a P/E/G ratio of 0.61 and a beta of 2.88. The company has a quick ratio of 2.02, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. Applied Optoelectronics Inc has a 12 month low of $21.88 and a 12 month high of $103.41.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.23). The business had revenue of $88.90 million for the quarter, compared to analysts’ expectations of $88.53 million. Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. sell-side analysts anticipate that Applied Optoelectronics Inc will post 4.22 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new stake in shares of Applied Optoelectronics during the 3rd quarter valued at approximately $4,342,000. Optimum Investment Advisors purchased a new stake in shares of Applied Optoelectronics during the 3rd quarter valued at approximately $307,000. Cetera Advisor Networks LLC purchased a new stake in shares of Applied Optoelectronics during the 3rd quarter valued at approximately $243,000. TT International purchased a new stake in shares of Applied Optoelectronics during the 3rd quarter valued at approximately $19,089,000. Finally, California Public Employees Retirement System lifted its stake in Applied Optoelectronics by 9.0% in the 3rd quarter. California Public Employees Retirement System now owns 50,807 shares of the semiconductor company’s stock worth $3,286,000 after purchasing an additional 4,207 shares in the last quarter. Institutional investors own 76.69% of the company’s stock.

A number of research firms have weighed in on AAOI. Zacks Investment Research upgraded shares of Applied Optoelectronics from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Cowen reiterated an “outperform” rating and issued a $81.00 target price (down from $102.00) on shares of Applied Optoelectronics in a research note on Friday, October 13th. Craig Hallum cut shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Needham & Company LLC dropped their target price on shares of Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, November 8th. Finally, ValuEngine upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Applied Optoelectronics has a consensus rating of “Buy” and an average target price of $60.20.

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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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