Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Sells $126,880.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 4,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the sale, the chief financial officer now owns 212,129 shares of the company’s stock, valued at approximately $6,728,731.88. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Applied Optoelectronics Trading Up 0.5 %

NASDAQ:AAOI opened at $31.03 on Monday. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $44.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. The firm’s fifty day moving average is $34.54 and its 200-day moving average is $20.29. The firm has a market cap of $1.45 billion, a P/E ratio of -15.06 and a beta of 2.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its stake in Applied Optoelectronics by 3.4% in the third quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock valued at $210,000 after buying an additional 483 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Applied Optoelectronics by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company’s stock valued at $1,557,000 after acquiring an additional 3,081 shares during the period. Truvestments Capital LLC boosted its stake in Applied Optoelectronics by 24.3% during the third quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company’s stock worth $227,000 after acquiring an additional 3,097 shares in the last quarter. Pingora Partners LLC acquired a new stake in Applied Optoelectronics in the third quarter worth $82,000. Finally, FMR LLC increased its stake in Applied Optoelectronics by 3,290.6% in the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 5,956 shares in the last quarter. 61.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on AAOI shares. Northland Securities restated an “outperform” rating and issued a $40.00 target price (up from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. B. Riley cut Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price for the company. in a research note on Tuesday, December 10th. Raymond James lifted their price target on Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research report on Friday, January 3rd. Finally, Rosenblatt Securities lifted their target price on Applied Optoelectronics from $27.50 to $44.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $29.20.

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.