Applied Optoelectronics Inc (NASDAQ:AAOI) Director Richard B. Black sold 1,000 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $35.37, for a total transaction of $35,370.00. Following the completion of the sale, the director now directly owns 34,478 shares in the company, valued at $1,219,486.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Applied Optoelectronics Inc (NASDAQ AAOI) opened at $32.79 on Friday. The stock has a market cap of $668.56, a price-to-earnings ratio of 7.83, a P/E/G ratio of 0.67 and a beta of 2.88. Applied Optoelectronics Inc has a 12 month low of $29.40 and a 12 month high of $103.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99.
Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.23). The company had revenue of $88.90 million for the quarter, compared to the consensus estimate of $88.53 million. Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. analysts predict that Applied Optoelectronics Inc will post 4.21 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors boosted its stake in Applied Optoelectronics by 3.2% during the second quarter. Nationwide Fund Advisors now owns 10,909 shares of the semiconductor company’s stock worth $674,000 after acquiring an additional 343 shares in the last quarter. Carnegie Capital Asset Management LLC boosted its stake in Applied Optoelectronics by 4.3% during the second quarter. Carnegie Capital Asset Management LLC now owns 8,920 shares of the semiconductor company’s stock worth $834,000 after acquiring an additional 370 shares in the last quarter. Citigroup Inc. boosted its stake in Applied Optoelectronics by 96.2% during the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 993 shares in the last quarter. Advisor Group Inc. boosted its stake in Applied Optoelectronics by 82.3% during the second quarter. Advisor Group Inc. now owns 2,505 shares of the semiconductor company’s stock worth $155,000 after acquiring an additional 1,131 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. raised its holdings in Applied Optoelectronics by 28.9% during the second quarter. C M Bidwell & Associates Ltd. now owns 5,325 shares of the semiconductor company’s stock worth $329,000 after buying an additional 1,195 shares during the last quarter. 76.67% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on AAOI. B. Riley began coverage on shares of Applied Optoelectronics in a research note on Wednesday, January 10th. They issued a “neutral” rating and a $38.00 price objective on the stock. Zacks Investment Research lowered shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 2nd. BidaskClub lowered shares of Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Cowen reaffirmed a “buy” rating and issued a $60.00 price objective (down from $74.00) on shares of Applied Optoelectronics in a research note on Thursday, December 7th. Finally, TheStreet lowered shares of Applied Optoelectronics from a “b-” rating to a “c” rating in a research note on Wednesday, November 15th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and four have assigned a strong buy rating to the stock. Applied Optoelectronics has an average rating of “Hold” and an average target price of $57.98.
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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.
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