Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Sells 13,494 Shares of Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Elizabeth G. Loboa sold 13,494 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $36.54, for a total transaction of $493,070.76. Following the completion of the transaction, the director now owns 124,500 shares in the company, valued at approximately $4,549,230. The trade was a 9.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Applied Optoelectronics Stock Up 7.0 %

Shares of Applied Optoelectronics stock traded up $2.49 during trading on Friday, hitting $37.99. 4,782,305 shares of the stock were exchanged, compared to its average volume of 2,641,013. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -18.38 and a beta of 1.96. The firm’s 50-day moving average price is $18.61 and its 200 day moving average price is $12.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. Applied Optoelectronics, Inc. has a 12-month low of $6.70 and a 12-month high of $38.94.

Institutional Investors Weigh In On Applied Optoelectronics

Several large investors have recently modified their holdings of AAOI. CANADA LIFE ASSURANCE Co acquired a new position in shares of Applied Optoelectronics during the 1st quarter worth approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Applied Optoelectronics by 272.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 6,787 shares during the last quarter. Pingora Partners LLC acquired a new stake in shares of Applied Optoelectronics during the 3rd quarter worth about $82,000. FMR LLC grew its holdings in shares of Applied Optoelectronics by 3,290.6% during the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock worth $88,000 after buying an additional 5,956 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Applied Optoelectronics during the second quarter worth $89,000. 61.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. B. Riley lowered their price objective on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Raymond James upped their target price on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Rosenblatt Securities increased their price objective on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Northland Securities boosted their price target on Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.