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Applied Optoelectronics (NASDAQ:AAOI) Insider Hung-Lun (Fred) Chang sold 2,226 shares of Applied Optoelectronics stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $18.02, for a total value of $40,112.52. Following the completion of the sale, the insider now directly owns 3,406 shares of the company’s stock, valued at approximately $61,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Applied Optoelectronics (NASDAQ:AAOI) traded up 6.13% on Monday, hitting $19.23. The stock had a trading volume of 363,675 shares. Applied Optoelectronics has a 1-year low of $9.07 and a 1-year high of $28.01. The stock has a 50-day moving average of $22.07 and a 200-day moving average of $20.64. The company’s market cap is $284.3 million.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Thursday, May 8th. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.06. On average, analysts predict that Applied Optoelectronics will post $0.72 earnings per share for the current fiscal year.

A number of research firms have recently commented on AAOI. Analysts at Piper Jaffray cut their price target on shares of Applied Optoelectronics from $32.00 to $28.00 in a research note on Friday, May 9th. Separately, analysts at Roth Capital cut their price target on shares of Applied Optoelectronics from $32.00 to $30.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Applied Optoelectronics in a research note on Friday, May 9th. They now have a $26.00 price target on the stock, down previously from $32.00. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $27.60.

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for three networking end-markets: cable television, (NASDAQ:AAOI), fiber-to-the-home (FTTH), and Internet data centers.

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