Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $66.10, for a total transaction of $66,100.00. Following the sale, the director now directly owns 39,478 shares of the company’s stock, valued at $2,609,495.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) traded up 4.68% during midday trading on Monday, reaching $68.92. 3,258,006 shares of the company’s stock traded hands. The stock has a market cap of $1.33 billion, a P/E ratio of 16.37 and a beta of 2.98. Applied Optoelectronics, Inc. has a 52-week low of $13.06 and a 52-week high of $103.41. The stock has a 50-day moving average price of $77.67 and a 200-day moving average price of $58.52.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.28. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The firm had revenue of $117.40 million during the quarter, compared to analyst estimates of $117.34 million. During the same quarter last year, the business earned $0.16 EPS. The company’s revenue was up 112.3% compared to the same quarter last year. Analysts forecast that Applied Optoelectronics, Inc. will post $5.38 earnings per share for the current year.

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A number of research firms recently weighed in on AAOI. BidaskClub raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Vetr downgraded shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $72.50 price target for the company. in a research note on Monday, August 7th. Roth Capital boosted their price target on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Cowen and Company reissued an “outperform” rating and set a $100.00 price target (up from $94.00) on shares of Applied Optoelectronics in a research note on Friday, July 14th. Finally, Needham & Company LLC boosted their price target on shares of Applied Optoelectronics from $100.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating, six have assigned a buy rating and six have issued a strong buy rating to the stock. Applied Optoelectronics currently has an average rating of “Buy” and an average target price of $76.98.

Several hedge funds have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC bought a new stake in Applied Optoelectronics during the second quarter valued at $115,000. Citigroup Inc. raised its stake in Applied Optoelectronics by 96.2% in the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 993 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in Applied Optoelectronics during the second quarter valued at $144,000. PNC Financial Services Group Inc. bought a new stake in Applied Optoelectronics during the second quarter valued at $149,000. Finally, Advisor Group Inc. raised its stake in Applied Optoelectronics by 82.3% in the second quarter. Advisor Group Inc. now owns 2,505 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 1,131 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

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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