Applied Optoelectronics, Inc. (NASDAQ:AAOI) Insider Sells $616,803.05 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider Hung-Lun (Fred) Chang sold 20,323 shares of Applied Optoelectronics stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $30.35, for a total value of $616,803.05. Following the completion of the sale, the insider now directly owns 195,572 shares in the company, valued at approximately $5,935,610.20. This represents a 9.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Applied Optoelectronics Stock Up 7.0 %

Applied Optoelectronics stock traded up $2.49 on Friday, hitting $37.99. 4,782,305 shares of the stock traded hands, compared to its average volume of 2,641,013. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $38.94. The firm has a market cap of $1.71 billion, a P/E ratio of -18.38 and a beta of 1.96. 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 business’s fifty day simple moving average is $18.61 and its 200 day simple moving average is $12.96.

Institutional Investors Weigh In On Applied Optoelectronics

Several hedge funds have recently bought and sold shares of AAOI. Swiss National Bank bought a new stake in Applied Optoelectronics during the 1st quarter valued at about $1,123,000. Vanguard Group Inc. grew its stake in shares of Applied Optoelectronics by 29.2% during the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock valued at $27,089,000 after acquiring an additional 442,277 shares during the period. CANADA LIFE ASSURANCE Co purchased a new position in Applied Optoelectronics during the first quarter valued at approximately $46,000. Truvestments Capital LLC purchased a new position in shares of Applied Optoelectronics during the 1st quarter valued at $161,000. Finally, Hood River Capital Management LLC boosted its stake in shares of 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 worth $19,950,000 after acquiring an additional 88,281 shares during the period. Institutional investors own 61.72% of the company’s stock.

Analyst Ratings Changes

AAOI has been the topic of several analyst reports. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. Northland Securities lifted their price target on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 8th. B. Riley decreased their price objective on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Rosenblatt Securities boosted their target price on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Raymond James raised their price target on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.70.

About Applied Optoelectronics

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.