Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) Insider Sells 10,000 Shares of Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider David C. Kuo sold 10,000 shares of Applied Optoelectronics stock in a transaction on Friday, November 8th. The shares were sold at an average price of $26.93, for a total transaction of $269,300.00. Following the transaction, the insider now owns 118,122 shares in the company, valued at $3,181,025.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Applied Optoelectronics Price Performance

AAOI stock opened at $28.54 on Wednesday. The stock’s 50 day moving average is $16.26 and its two-hundred day moving average is $12.05. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $28.94. The company has a market capitalization of $1.17 billion, a PE ratio of -13.85 and a beta of 1.96. The company has a quick ratio of 0.97, a current ratio of 1.64 and a debt-to-equity ratio of 0.41.

Institutional Trading of Applied Optoelectronics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in Applied Optoelectronics by 245.7% during the 1st quarter. BNP Paribas Financial Markets now owns 49,661 shares of the semiconductor company’s stock valued at $688,000 after acquiring an additional 35,295 shares during the last quarter. Swiss National Bank bought a new position in Applied Optoelectronics during the 1st quarter worth approximately $1,123,000. Vanguard Group Inc. grew its position in shares of Applied Optoelectronics by 29.2% in the 1st 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 bought a new stake in shares of Applied Optoelectronics in the 1st quarter valued at approximately $46,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Applied Optoelectronics during the 1st quarter valued at approximately $161,000. Institutional investors own 61.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. B. Riley cut 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. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. Rosenblatt Securities increased their price objective on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a research report on Friday, November 8th. B. Riley Financial reiterated a “neutral” rating and set a $9.00 price objective on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Finally, Northland Securities upped their target price on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Applied Optoelectronics currently has a consensus rating of “Hold” and an average price target of $18.70.

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.