Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry Sells 2,000 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 2,000 shares of the stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $10.95, for a total value of $21,900.00. Following the completion of the transaction, the chief financial officer now directly owns 235,977 shares in the company, valued at $2,583,948.15. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Applied Optoelectronics Price Performance

Shares of NASDAQ AAOI opened at $10.66 on Friday. The business has a 50 day moving average price of $18.26 and a two-hundred day moving average price of $24.91. Applied Optoelectronics, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $44.50. The firm has a market cap of $531.41 million, a PE ratio of -5.17 and a beta of 2.57. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The company had revenue of $100.27 million for the quarter, compared to analyst estimates of $99.92 million. Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. Sell-side analysts expect that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. B. Riley raised Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $13.00 price objective on the stock in a research note on Friday, March 7th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research report on Wednesday, February 26th. Raymond James reduced their price objective on Applied Optoelectronics from $31.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $36.00 price target on shares of Applied Optoelectronics in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Applied Optoelectronics currently has a consensus rating of “Hold” and a consensus target price of $23.60.

Institutional Investors Weigh In On Applied Optoelectronics

Institutional investors have recently modified their holdings of the stock. Nomura Holdings Inc. bought a new stake in Applied Optoelectronics in the fourth quarter valued at about $31,331,000. Yong Rong HK Asset Management Ltd acquired a new position in shares of Applied Optoelectronics in the 4th quarter worth approximately $27,645,000. Jefferies Financial Group Inc. bought a new stake in shares of Applied Optoelectronics in the 4th quarter valued at approximately $23,354,000. Assenagon Asset Management S.A. raised its position in shares of Applied Optoelectronics by 182.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 976,520 shares of the semiconductor company’s stock valued at $14,990,000 after acquiring an additional 631,128 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new position in Applied Optoelectronics in the fourth quarter worth $13,379,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

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.