Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Sells $126,880.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the transaction, the chief financial officer now owns 212,129 shares in the company, valued at $6,728,731.88. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Applied Optoelectronics Price Performance

Shares of NASDAQ AAOI opened at $31.03 on Friday. 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 fifty-two week low of $6.70 and a fifty-two week high of $44.50. The business has a 50 day moving average price of $34.54 and a two-hundred day moving average price of $20.12. The firm has a market cap of $1.45 billion, a PE ratio of -15.06 and a beta of 2.39.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AAOI shares. Raymond James raised their target price on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Northland Securities reissued an “outperform” rating and issued a $40.00 price objective (up from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. B. Riley downgraded Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price for the company. in a research report on Tuesday, December 10th. Rosenblatt Securities raised their target price on Applied Optoelectronics from $27.50 to $44.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.20.

Institutional Investors Weigh In On Applied Optoelectronics

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in Applied Optoelectronics by 90.7% in the second quarter. AQR Capital Management LLC now owns 75,981 shares of the semiconductor company’s stock worth $630,000 after purchasing an additional 36,138 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Applied Optoelectronics in the 3rd quarter worth approximately $1,109,000. Harbor Capital Advisors Inc. bought a new stake in shares of Applied Optoelectronics in the 3rd quarter valued at approximately $1,319,000. Westfield Capital Management Co. LP acquired a new stake in shares of Applied Optoelectronics during the 3rd quarter valued at approximately $19,019,000. Finally, Virtu Financial LLC bought a new position in Applied Optoelectronics during the third quarter worth $353,000. 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.