Stefan J. Murry Sells 2,298 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 2,298 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total value of $80,820.66. Following the completion of the sale, the chief financial officer now owns 209,831 shares of the company’s stock, valued at approximately $7,379,756.27. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Applied Optoelectronics Stock Performance

Shares of NASDAQ AAOI opened at $30.69 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’s 50-day moving average price is $34.91 and its two-hundred day moving average price is $20.93. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.50. The stock has a market capitalization of $1.44 billion, a P/E ratio of -14.90 and a beta of 2.39.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Applied Optoelectronics

A number of large investors have recently bought and sold shares of the business. Royce & Associates LP lifted its holdings in Applied Optoelectronics by 47.7% in the third quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock worth $22,847,000 after acquiring an additional 515,489 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Applied Optoelectronics during the third quarter valued at approximately $19,019,000. Whale Rock Capital Management LLC bought a new stake in shares of Applied Optoelectronics during the third quarter valued at approximately $16,145,000. Shellback Capital LP bought a new stake in shares of Applied Optoelectronics during the second quarter valued at approximately $8,617,000. Finally, Geode Capital Management LLC raised its holdings in shares of Applied Optoelectronics by 7.1% during the third quarter. Geode Capital Management LLC now owns 909,559 shares of the semiconductor company’s stock valued at $13,018,000 after buying an additional 60,241 shares during the last quarter. 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.