Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Sells $157,800.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $31.56, for a total value of $157,800.00. Following the sale, the chief financial officer now owns 216,129 shares in the company, valued at $6,821,031.24. This trade represents a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Applied Optoelectronics Trading Up 7.0 %

AAOI traded up $2.49 during trading on Friday, hitting $37.99. 4,782,351 shares of the company’s stock were exchanged, compared to its average volume of 2,641,013. The stock has a 50 day moving average price of $18.61 and a 200 day moving average price of $12.96. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $38.94. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.71 billion, a P/E ratio of -18.38 and a beta of 1.96.

Analysts Set New Price Targets

A number of brokerages have issued reports on AAOI. Northland Securities raised their price target on Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. Raymond James upped their price target on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. B. Riley Financial reiterated a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a report on Thursday, August 8th. Finally, B. Riley dropped their price objective on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.70.

Institutional Trading of Applied Optoelectronics

A number of institutional investors have recently added to or reduced their stakes in AAOI. Swiss National Bank purchased a new stake in shares of Applied Optoelectronics in the first quarter worth about $1,123,000. Vanguard Group Inc. lifted its position in Applied Optoelectronics by 29.2% during the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock worth $27,089,000 after acquiring an additional 442,277 shares in the last quarter. CANADA LIFE ASSURANCE Co purchased a new position in Applied Optoelectronics in the 1st quarter worth approximately $46,000. Truvestments Capital LLC purchased a new position in Applied Optoelectronics in the 1st quarter worth approximately $161,000. Finally, Hood River Capital Management LLC grew its position in Applied Optoelectronics by 6.5% in the first quarter. Hood River Capital Management LLC now owns 1,439,404 shares of the semiconductor company’s stock valued at $19,950,000 after acquiring an additional 88,281 shares in the last quarter. 61.72% of the stock is owned by hedge funds and other institutional investors.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.