Applied Optoelectronics, Inc. (NASDAQ:AAOI) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 640 put options on the company. This is an increase of 106% compared to the average daily volume of 310 put options.

Shares of Applied Optoelectronics (AAOI) opened at $37.82 on Friday. The company has a current ratio of 2.85, a quick ratio of 2.07 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $758.23 million, a price-to-earnings ratio of 10.97, a P/E/G ratio of 0.52 and a beta of 2.90.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.28. The business had revenue of $117.40 million during the quarter, compared to analyst estimates of $117.34 million. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The company’s revenue was up 112.3% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. research analysts predict that Applied Optoelectronics will post 4.28 EPS for the current year.

A number of research analysts have issued reports on the stock. BidaskClub raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Vetr lowered shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $72.50 target price for the company. in a research note on Monday, August 7th. Cowen and Company reissued an “outperform” rating and set a $81.00 target price (down from $102.00) on shares of Applied Optoelectronics in a research note on Friday, October 13th. Needham & Company LLC boosted their target price on shares of Applied Optoelectronics from $100.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Monday, July 24th. Finally, Roth Capital boosted their target price on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and four have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $70.42.

In other Applied Optoelectronics news, Director Richard B. Black sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $60.62, for a total transaction of $60,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stefan J. Murry sold 3,050 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $70.21, for a total transaction of $214,140.50. Following the transaction, the chief financial officer now directly owns 57,540 shares of the company’s stock, valued at $4,039,883.40. The disclosure for this sale can be found here. Insiders have sold a total of 13,939 shares of company stock valued at $867,611 over the last three months. 8.19% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Flinton Capital Management LLC purchased a new position in shares of Applied Optoelectronics in the 2nd quarter valued at about $115,000. Citigroup Inc. increased its stake in shares of Applied Optoelectronics by 96.2% in the 2nd quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 993 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Applied Optoelectronics in the 2nd quarter valued at about $137,000. Pinebridge Investments L.P. purchased a new position in shares of Applied Optoelectronics in the 2nd quarter valued at about $144,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Applied Optoelectronics in the 2nd quarter valued at about $149,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

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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.

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