Richard B. Black Sells 8,162 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 8,162 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $37.18, for a total transaction of $303,463.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Applied Optoelectronics Price Performance

Shares of NASDAQ:AAOI opened at $41.22 on Friday. Applied Optoelectronics, Inc. has a twelve month low of $6.70 and a twelve month high of $43.05. The stock’s 50 day moving average is $20.95 and its 200-day moving average is $13.87. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -20.01 and a beta of 1.96.

Analyst Upgrades and Downgrades

AAOI has been the subject of several research analyst reports. B. Riley Financial reissued a “neutral” rating and issued a $9.00 price objective on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Northland Securities raised their target price on Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Raymond James boosted their price target on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. B. Riley reduced their price objective on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Applied Optoelectronics has a consensus rating of “Hold” and an average price target of $18.70.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AAOI. Vanguard Group Inc. increased its position in shares of Applied Optoelectronics by 29.2% during the first quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock worth $27,089,000 after acquiring an additional 442,277 shares in the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in Applied Optoelectronics during the 1st quarter valued at about $46,000. Janus Henderson Group PLC bought a new stake in Applied Optoelectronics during the 1st quarter worth approximately $386,000. California State Teachers Retirement System purchased a new stake in shares of Applied Optoelectronics in the first quarter worth approximately $511,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Applied Optoelectronics in the second quarter valued at approximately $956,000. 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.