Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Sells $290,000.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $29.00, for a total value of $290,000.00. Following the completion of the transaction, the director now owns 157,813 shares of the company’s stock, valued at $4,576,577. The trade was a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Applied Optoelectronics Stock Up 0.5 %

Shares of Applied Optoelectronics stock opened at $31.03 on Monday. The firm’s 50 day moving average price is $34.54 and its 200-day moving average price is $20.29. 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 52-week low of $6.70 and a 52-week high of $44.50. The company has a market cap of $1.45 billion, a P/E ratio of -15.06 and a beta of 2.39.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AAOI shares. Northland Securities restated an “outperform” rating and set a $40.00 price objective (up previously from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. Raymond James boosted their price objective on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. B. Riley downgraded 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. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, January 3rd. Finally, Rosenblatt Securities upped their target price 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 assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.20.

Institutional Trading of Applied Optoelectronics

A number of institutional investors have recently made changes to their positions in AAOI. Pingora Partners LLC purchased a new stake in Applied Optoelectronics during the 3rd quarter worth approximately $82,000. FMR LLC raised its stake in shares of Applied Optoelectronics by 3,290.6% during the 3rd 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 last quarter. Point72 Hong Kong Ltd acquired a new position in Applied Optoelectronics in the second quarter valued at approximately $89,000. The Manufacturers Life Insurance Company acquired a new position in shares of Applied Optoelectronics in the 2nd quarter valued at $118,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Applied Optoelectronics during the 3rd quarter worth about $186,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

About Applied Optoelectronics

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.