Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) Insider Sells $150,200.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider David C. Kuo sold 10,000 shares of Applied Optoelectronics stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00. Following the completion of the transaction, the insider now owns 132,921 shares of the company’s stock, valued at approximately $1,996,473.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Applied Optoelectronics Price Performance

Shares of AAOI opened at $13.74 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $10.62 and its 200 day simple moving average is $10.94. Applied Optoelectronics, Inc. has a 1-year low of $6.66 and a 1-year high of $24.75. The company has a market cap of $534.40 million, a price-to-earnings ratio of -7.55 and a beta of 1.96.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.01. Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%. The company had revenue of $43.27 million for the quarter, compared to analyst estimates of $44.14 million. During the same period in the previous year, the business earned ($0.31) EPS. Applied Optoelectronics’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts forecast that Applied Optoelectronics, Inc. will post -1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AAOI has been the topic of a number of recent research reports. B. Riley decreased their price objective on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Raymond James raised Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a report on Tuesday, September 3rd. B. Riley Financial reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Rosenblatt Securities increased their price objective on shares of Applied Optoelectronics from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Finally, StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.75.

Institutional Investors Weigh In On Applied Optoelectronics

Hedge funds and other institutional investors have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co bought a new position in Applied Optoelectronics during the first quarter worth about $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Applied Optoelectronics by 272.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 6,787 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Applied Optoelectronics in the second quarter valued at approximately $89,000. Truvestments Capital LLC acquired a new stake in Applied Optoelectronics during the first quarter worth approximately $161,000. Finally, Summit Securities Group LLC bought a new position in Applied Optoelectronics during the 2nd quarter worth $109,000. Institutional investors and hedge funds 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.