Stefan J. Murry Sells 5,000 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock

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

Applied Optoelectronics Price Performance

AAOI stock opened at $37.99 on Friday. The company has a 50 day simple moving average of $19.08 and a 200 day simple moving average of $13.16. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -18.44 and a beta of 1.96. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $38.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06.

Hedge Funds Weigh In On Applied Optoelectronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co acquired a new position in Applied Optoelectronics in the 1st quarter valued at approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 acquiring an additional 6,787 shares during the period. Pingora Partners LLC bought a new stake in shares of Applied Optoelectronics in the 3rd quarter valued at $82,000. FMR LLC boosted its stake in shares of Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 5,956 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at $89,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Rosenblatt Securities boosted their price objective on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a report on Friday, November 8th. B. Riley Financial reaffirmed a “neutral” rating and set a $9.00 price target on shares of Applied Optoelectronics in a report on Thursday, August 8th. B. Riley cut their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Northland Securities upped their price target on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Applied Optoelectronics currently 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.