Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider Shu-Hua (Joshua) Yeh sold 20,000 shares of the stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $92.51, for a total transaction of $1,850,200.00. Following the transaction, the insider now owns 89,742 shares of the company’s stock, valued at approximately $8,302,032.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shu-Hua (Joshua) Yeh also recently made the following trade(s):

  • On Monday, May 22nd, Shu-Hua (Joshua) Yeh sold 10,000 shares of Applied Optoelectronics stock. The stock was sold at an average price of $68.06, for a total transaction of $680,600.00.
  • On Wednesday, May 10th, Shu-Hua (Joshua) Yeh sold 10,000 shares of Applied Optoelectronics stock. The stock was sold at an average price of $64.05, for a total transaction of $640,500.00.

Shares of Applied Optoelectronics, Inc. (NASDAQ AAOI) traded down 4.04% during mid-day trading on Thursday, reaching $88.80. 6,136,500 shares of the company’s stock traded hands. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 31.29 and a beta of 2.84. The firm’s 50-day moving average is $68.43 and its 200 day moving average is $51.22. Applied Optoelectronics, Inc. has a one year low of $11.60 and a one year high of $95.67.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $96.20 million during the quarter, compared to the consensus estimate of $96.20 million. Applied Optoelectronics had a return on equity of 23.75% and a net margin of 17.08%. The business’s revenue was up 90.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) EPS. Analysts predict that Applied Optoelectronics, Inc. will post $5.01 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of AAOI. Russell Investments Group Ltd. acquired a new stake in Applied Optoelectronics during the fourth quarter valued at approximately $2,293,000. State Street Corp boosted its stake in shares of Applied Optoelectronics by 5.9% in the fourth quarter. State Street Corp now owns 262,066 shares of the semiconductor company’s stock worth $6,143,000 after buying an additional 14,484 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Applied Optoelectronics by 103.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 72,533 shares of the semiconductor company’s stock worth $1,700,000 after buying an additional 36,802 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Applied Optoelectronics during the fourth quarter worth about $4,081,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Applied Optoelectronics during the fourth quarter worth about $264,000. Hedge funds and other institutional investors own 78.42% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Roth Capital restated a “buy” rating and issued a $70.00 target price (up previously from $60.00) on shares of Applied Optoelectronics in a report on Friday, May 5th. BidaskClub downgraded shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Cowen and Company raised their target price on shares of Applied Optoelectronics from $75.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Needham & Company LLC raised their target price on shares of Applied Optoelectronics from $85.00 to $100.00 and gave the company a “strong-buy” rating in a research report on Friday, July 14th. Finally, Vetr raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating and set a $72.75 price objective on the stock in a research report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $78.97.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

Insider Buying and Selling by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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