Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry Sells 2,298 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 2,298 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total transaction of $80,820.66. Following the completion of the sale, the chief financial officer now directly owns 209,831 shares in the company, valued at approximately $7,379,756.27. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Applied Optoelectronics Trading Down 2.4 %

Applied Optoelectronics stock traded down $0.80 during mid-day trading on Thursday, hitting $32.50. 1,826,612 shares of the stock were exchanged, compared to its average volume of 2,946,658. The firm’s fifty day simple moving average is $34.75 and its two-hundred day simple moving average is $20.69. 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, Inc. has a 12 month low of $6.70 and a 12 month high of $44.50. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -15.78 and a beta of 2.39.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Applied Optoelectronics

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pingora Partners LLC acquired a new position in shares of Applied Optoelectronics in the 3rd quarter valued at about $82,000. FMR LLC lifted 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 buying an additional 5,956 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Applied Optoelectronics during the 2nd quarter worth approximately $89,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Applied Optoelectronics during the 3rd quarter worth approximately $186,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at $118,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

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.