Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report) CFO Stefan J. Murry sold 2,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.06, for a total transaction of $46,120.00. Following the sale, the chief financial officer now directly owns 196,581 shares of the company’s stock, valued at $4,533,157.86. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Applied Optoelectronics Stock Up 4.6 %
NASDAQ:AAOI traded up $0.93 during trading hours on Wednesday, hitting $21.13. The stock had a trading volume of 2,680,643 shares, compared to its average volume of 4,202,109. The company has a market cap of $1.05 billion, a PE ratio of -10.26 and a beta of 2.36. The business has a 50 day simple moving average of $25.64 and a two-hundred day simple moving average of $24.95. Applied Optoelectronics, Inc. has a 1-year low of $6.70 and a 1-year high of $44.50. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.
Applied Optoelectronics (NASDAQ:AAOI – Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The firm had revenue of $100.27 million for the quarter, compared to analysts’ expectations of $99.92 million. Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. Analysts predict that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on Applied Optoelectronics
Institutional Investors Weigh In On Applied Optoelectronics
Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in Applied Optoelectronics in the third quarter valued at $1,109,000. Westfield Capital Management Co. LP acquired a new position in Applied Optoelectronics in the third quarter worth about $19,019,000. Virtu Financial LLC bought a new stake in Applied Optoelectronics in the third quarter valued at about $353,000. Affinity Wealth Management LLC acquired a new stake in Applied Optoelectronics during the fourth quarter valued at approximately $7,965,000. Finally, State Street Corp lifted its holdings in Applied Optoelectronics by 27.7% during the 3rd quarter. State Street Corp now owns 887,259 shares of the semiconductor company’s stock worth $12,697,000 after buying an additional 192,308 shares during the last quarter. 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.
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