Applied Optoelectronics Inc (AAOI) Short Interest Update

Applied Optoelectronics Inc (NASDAQ:AAOI) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 11,429,505 shares, a decline of 7.6% from the November 15th total of 12,369,508 shares. Currently, 62.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,182,174 shares, the short-interest ratio is presently 9.7 days.

In related news, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $45.30, for a total value of $58,890.00. Following the transaction, the chief executive officer now owns 522,837 shares in the company, valued at $23,684,516.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard B. Black sold 1,000 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $60.62, for a total value of $60,620.00. The disclosure for this sale can be found here. Insiders sold a total of 7,900 shares of company stock valued at $365,804 over the last ninety days. 8.19% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC purchased a new stake in shares of Applied Optoelectronics during the third quarter worth about $4,342,000. Optimum Investment Advisors bought a new stake in shares of Applied Optoelectronics during the third quarter valued at approximately $307,000. Cetera Advisor Networks LLC bought a new stake in Applied Optoelectronics in the 3rd quarter worth approximately $243,000. TT International bought a new stake in Applied Optoelectronics in the 3rd quarter worth approximately $19,089,000. Finally, California Public Employees Retirement System grew its position 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 during the period. 76.67% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the company. Needham & Company LLC dropped their target price on Applied Optoelectronics from $115.00 to $75.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 13th. BWS Financial restated a “sell” rating and set a $25.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 31st. Piper Jaffray Companies restated a “buy” rating and set a $63.00 target price on shares of Applied Optoelectronics in a research report on Friday, October 13th. Cowen restated an “outperform” rating and set a $81.00 target price (down previously from $102.00) on shares of Applied Optoelectronics in a research report on Friday, October 13th. Finally, DA Davidson restated a “buy” rating and set a $69.00 target price on shares of Applied Optoelectronics in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and four have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $60.20.

Applied Optoelectronics (NASDAQ:AAOI) opened at $39.96 on Friday. The firm has a market cap of $785.37, a price-to-earnings ratio of 9.54, a PEG ratio of 0.63 and a beta of 2.88. Applied Optoelectronics has a 1-year low of $21.88 and a 1-year high of $103.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 2.02.

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

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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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