Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black Sells 10,000 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 10,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $29.00, for a total value of $290,000.00. Following the completion of the sale, the director now owns 157,813 shares of the company’s stock, valued at $4,576,577. The trade was a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Applied Optoelectronics Stock Up 0.5 %

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. The firm has a market cap of $1.45 billion, a PE ratio of -15.06 and a beta of 2.39. The company’s fifty day simple moving average is $34.54 and its 200 day simple moving average is $20.12. Applied Optoelectronics, Inc. has a 12-month low of $6.70 and a 12-month high of $44.50.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Applied Optoelectronics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pingora Partners LLC bought a new stake in Applied Optoelectronics in the 3rd quarter valued at about $82,000. FMR LLC raised its position 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 purchasing an additional 5,956 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Applied Optoelectronics during the second quarter worth approximately $89,000. The Manufacturers Life Insurance Company bought a new position in shares of Applied Optoelectronics in the 2nd quarter worth $118,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Applied Optoelectronics in the 3rd quarter valued at $186,000. Institutional investors own 61.72% of the company’s stock.

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.