Applied Optoelectronics, Inc. (AAOI) Director Sells $60,620.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $60.62, for a total transaction of $60,620.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Applied Optoelectronics, Inc. (NASDAQ AAOI) opened at 38.68 on Friday. The firm has a market cap of $746.64 million, a P/E ratio of 9.19 and a beta of 3.06. Applied Optoelectronics, Inc. has a 1-year low of $18.85 and a 1-year high of $103.41. The stock’s 50 day moving average price is $56.36 and its 200 day moving average price is $63.43.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.28. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The business had revenue of $117.40 million during the quarter, compared to analysts’ expectations of $117.34 million. During the same quarter last year, the business posted $0.16 earnings per share. The company’s quarterly revenue was up 112.3% on a year-over-year basis. Equities research analysts predict that Applied Optoelectronics, Inc. will post $4.62 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in AAOI. Nationwide Fund Advisors boosted its stake in Applied Optoelectronics by 3.1% during the first quarter. Nationwide Fund Advisors now owns 10,566 shares of the semiconductor company’s stock valued at $593,000 after buying an additional 315 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of Applied Optoelectronics during the first quarter valued at $296,000. Bank of New York Mellon Corp lifted its holdings in shares of Applied Optoelectronics by 28.4% during the first quarter. Bank of New York Mellon Corp now owns 111,387 shares of the semiconductor company’s stock valued at $6,254,000 after purchasing an additional 24,630 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Applied Optoelectronics by 21.8% during the first quarter. Ameriprise Financial Inc. now owns 115,735 shares of the semiconductor company’s stock valued at $6,498,000 after purchasing an additional 20,695 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Applied Optoelectronics by 179.8% during the first quarter. Parametric Portfolio Associates LLC now owns 31,042 shares of the semiconductor company’s stock valued at $1,743,000 after purchasing an additional 19,949 shares during the last quarter. 80.96% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on AAOI. Needham & Company LLC lowered their price objective on shares of Applied Optoelectronics from $115.00 to $75.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 13th. Vetr upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating and set a $76.81 price objective on the stock in a research report on Wednesday, August 9th. BidaskClub lowered shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Cowen and Company restated an “outperform” rating and set a $100.00 target price (up from $94.00) on shares of Applied Optoelectronics in a research report on Friday, July 14th. Finally, BWS Financial restated a “sell” rating and set a $25.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 31st. Four research analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and four have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $70.42.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

Insider Buying and Selling by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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