Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Sells 4,000 Shares of Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the transaction, the chief financial officer now owns 212,129 shares in the company, valued at approximately $6,728,731.88. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Applied Optoelectronics Trading Up 0.5 %

Shares of Applied Optoelectronics stock opened at $31.03 on Monday. The stock has a market capitalization of $1.45 billion, a P/E ratio of -15.06 and a beta of 2.39. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.50. 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 stock’s 50-day simple moving average is $34.54 and its 200 day simple moving average is $20.29.

Institutional Trading of Applied Optoelectronics

Hedge funds and other institutional investors have recently modified their holdings of the business. Pingora Partners LLC bought a new position in Applied Optoelectronics in the 3rd quarter worth approximately $82,000. FMR LLC boosted its holdings in shares of Applied Optoelectronics by 3,290.6% in the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 5,956 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Applied Optoelectronics in the second quarter valued at $89,000. The Manufacturers Life Insurance Company bought a new stake in shares of Applied Optoelectronics during the 2nd quarter valued at $118,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Applied Optoelectronics during the 3rd quarter worth about $186,000. Institutional investors own 61.72% of the company’s stock.

Analyst Ratings Changes

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

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.