Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Sells $303,463.16 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 8,162 shares of Applied Optoelectronics stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $37.18, for a total transaction of $303,463.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Applied Optoelectronics Stock Up 13.2 %

NASDAQ:AAOI traded up $4.80 on Friday, hitting $41.22. 3,852,717 shares of the company’s stock were exchanged, compared to its average volume of 2,653,383. The firm has a 50-day moving average price of $20.95 and a 200-day moving average price of $13.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $43.05. The company has a market cap of $1.86 billion, a P/E ratio of -20.01 and a beta of 1.96.

Institutional Investors Weigh In On Applied Optoelectronics

Institutional investors and hedge funds have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co bought a new stake in shares of Applied Optoelectronics in the 1st quarter valued at about $46,000. Pingora Partners LLC acquired a new position in Applied Optoelectronics in the 3rd quarter valued at about $82,000. FMR LLC grew its stake in Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 5,956 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Applied Optoelectronics by 272.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 6,787 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Applied Optoelectronics in the 2nd quarter valued at about $89,000. 61.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. B. Riley Financial reaffirmed a “neutral” rating and set a $9.00 target price on shares of Applied Optoelectronics in a report on Thursday, August 8th. Raymond James lifted their target price on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. B. Riley decreased their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Rosenblatt Securities boosted their price target on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Applied Optoelectronics has an average rating of “Hold” and a consensus target price of $18.70.

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.