Applied Optoelectronics, Inc. (NASDAQ:AAOI) saw some unusual options trading activity on Monday. Stock traders acquired 11,673 call options on the company. This represents an increase of approximately 274% compared to the typical daily volume of 3,122 call options.

Shares of Applied Optoelectronics (NASDAQ AAOI) opened at 63.96 on Thursday. Applied Optoelectronics has a 12-month low of $18.85 and a 12-month high of $103.41. The company has a market capitalization of $1.23 billion, a P/E ratio of 15.20 and a beta of 3.06. The stock has a 50 day moving average of $65.44 and a 200-day moving average of $62.88.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.28. The business had revenue of $117.40 million for the quarter, compared to the consensus estimate of $117.34 million. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The company’s revenue was up 112.3% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. Equities research analysts forecast that Applied Optoelectronics will post $5.38 EPS for the current year.

In related news, insider Shu-Hua (Joshua) Yeh sold 20,000 shares of Applied Optoelectronics 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 in the company, valued at approximately $8,302,032.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel David C. Kuo sold 578 shares of Applied Optoelectronics stock in a transaction on Monday, July 31st. The shares were sold at an average price of $96.47, for a total transaction of $55,759.66. Following the transaction, the general counsel now owns 23,753 shares in the company, valued at approximately $2,291,451.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,633 shares of company stock worth $2,878,525. 8.19% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of AAOI. Teachers Advisors LLC lifted its stake in shares of Applied Optoelectronics by 3.7% in the fourth quarter. Teachers Advisors LLC now owns 28,735 shares of the semiconductor company’s stock worth $674,000 after buying an additional 1,037 shares in the last quarter. Nationwide Fund Advisors lifted its stake in shares of Applied Optoelectronics by 3.1% in the first quarter. Nationwide Fund Advisors now owns 10,566 shares of the semiconductor company’s stock worth $593,000 after buying an additional 315 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Applied Optoelectronics in the first quarter worth about $296,000. American Century Companies Inc. purchased a new position in shares of Applied Optoelectronics in the first quarter worth about $432,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Applied Optoelectronics by 28.4% in the first quarter. Bank of New York Mellon Corp now owns 111,387 shares of the semiconductor company’s stock worth $6,254,000 after buying an additional 24,630 shares in the last quarter. 81.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Northland Securities downgraded shares of Applied Optoelectronics from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $47.00 to $43.00 in a report on Friday, August 4th. BidaskClub upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Raymond James Financial, Inc. reiterated a “strong-buy” rating on shares of Applied Optoelectronics in a report on Tuesday, July 25th. BWS Financial reiterated a “sell” rating and issued a $25.00 price target on shares of Applied Optoelectronics in a report on Saturday, July 22nd. Finally, Needham & Company LLC lifted their price target on shares of Applied Optoelectronics from $100.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Applied Optoelectronics presently has a consensus rating of “Buy” and a consensus price target of $76.98.

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About Applied Optoelectronics

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.

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