Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Sells $157,800.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 5,000 shares of Applied Optoelectronics stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $31.56, for a total value of $157,800.00. Following the sale, the chief financial officer now owns 216,129 shares in the company, valued at $6,821,031.24. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Applied Optoelectronics Stock Performance

NASDAQ AAOI opened at $37.99 on Monday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -18.44 and a beta of 1.96. The company has a 50-day simple moving average of $19.08 and a two-hundred day simple moving average of $13.17. 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 12-month low of $6.70 and a 12-month high of $38.94.

Analyst Ratings Changes

Several analysts have commented on the stock. B. Riley Financial reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Raymond James lifted their price target on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Northland Securities increased 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. B. Riley lowered their target price on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Rosenblatt Securities increased their price target on Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Applied Optoelectronics currently has a consensus rating of “Hold” and a consensus target price of $18.70.

Hedge Funds Weigh In On Applied Optoelectronics

Several institutional investors and hedge funds have recently bought and sold shares of AAOI. CANADA LIFE ASSURANCE Co bought a new stake in Applied Optoelectronics in the first quarter valued at approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Applied Optoelectronics by 272.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 6,787 shares during the last quarter. Pingora Partners LLC purchased a new stake in Applied Optoelectronics during the 3rd quarter valued at $82,000. FMR LLC grew its holdings in Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 5,956 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Applied Optoelectronics in the second quarter valued at about $89,000. 61.72% of the stock is currently owned by institutional investors.

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.