Applied Optoelectronics, Inc. (NASDAQ:AAOI) Insider David C. Kuo Sells 10,000 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider David C. Kuo sold 10,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $26.93, for a total value of $269,300.00. Following the transaction, the insider now owns 118,122 shares of the company’s stock, valued at approximately $3,181,025.46. The trade was a 7.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Applied Optoelectronics Stock Up 3.3 %

Shares of AAOI stock opened at $28.15 on Friday. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $29.17. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -13.67 and a beta of 1.96. The firm’s 50-day moving average is $16.86 and its 200-day moving average is $12.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61.

Institutional Trading of Applied Optoelectronics

Several institutional investors and hedge funds have recently bought and sold shares of AAOI. BNP Paribas Financial Markets increased its holdings in shares of Applied Optoelectronics by 245.7% during the 1st quarter. BNP Paribas Financial Markets now owns 49,661 shares of the semiconductor company’s stock worth $688,000 after acquiring an additional 35,295 shares during the last quarter. Swiss National Bank acquired a new position in shares of Applied Optoelectronics in the first quarter valued at $1,123,000. Vanguard Group Inc. raised its position in shares of Applied Optoelectronics by 29.2% in the first quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock valued at $27,089,000 after purchasing an additional 442,277 shares during the period. CANADA LIFE ASSURANCE Co bought a new stake in shares of Applied Optoelectronics during the first quarter worth approximately $46,000. Finally, Truvestments Capital LLC bought a new position in Applied Optoelectronics during the 1st quarter worth $161,000. Institutional investors own 61.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Raymond James raised their price target on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. B. Riley Financial reiterated a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Rosenblatt Securities boosted their price target on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Northland Securities raised their price objective on Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Applied Optoelectronics currently has a consensus rating of “Hold” and a consensus price target of $18.70.

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.