Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director William H. Yeh Sells 10,000 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director William H. Yeh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.08, for a total value of $430,800.00. Following the completion of the transaction, the director now directly owns 223,538 shares in the company, valued at approximately $9,630,017.04. This trade represents a 4.28 % 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 Performance

AAOI opened at $41.74 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. The firm’s 50-day moving average price is $22.03 and its 200-day moving average price is $14.34. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.31.

Analysts Set New Price Targets

AAOI has been the subject of several research reports. B. Riley Financial reiterated a “neutral” rating and issued a $9.00 target price on shares of Applied Optoelectronics in a report on Thursday, August 8th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Rosenblatt Securities boosted their price target 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 lowered their price target 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, Raymond James lifted their price objective on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.70.

Institutional Investors Weigh In On Applied Optoelectronics

Institutional investors and hedge funds have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co acquired a new stake in Applied Optoelectronics during the 1st quarter worth about $46,000. Pingora Partners LLC purchased a new stake in Applied Optoelectronics in the third quarter valued at approximately $82,000. FMR LLC increased 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 buying an additional 5,956 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 worth $77,000 after buying an additional 6,787 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Applied Optoelectronics during the 2nd quarter valued at approximately $89,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

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.