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.
COPYRIGHT VIOLATION WARNING: “Applied Optoelectronics, Inc. (AAOI) Director Sells $60,620.00 in Stock” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/27/richard-b-black-sells-1000-shares-of-applied-optoelectronics-inc-aaoi-stock.html.
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.
Receive News & Ratings for Applied Optoelectronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.