Applied Optoelectronics, Inc. (AAOI) Director Alan D. Moore Purchases 22,400 Shares
Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Alan D. Moore purchased 22,400 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $44.60 per share, for a total transaction of $999,040.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Applied Optoelectronics, Inc. (NASDAQ:AAOI) traded down $0.72 during trading on Tuesday, reaching $44.58. 2,424,100 shares of the company traded hands, compared to its average volume of 2,682,083. Applied Optoelectronics, Inc. has a 52-week low of $21.88 and a 52-week high of $103.41. The firm has a market capitalization of $878.01, a PE ratio of 10.76, a P/E/G ratio of 0.63 and a beta of 2.90. The company has a current ratio of 2.99, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12.
Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.23). Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The firm had revenue of $88.90 million for the quarter, compared to analyst estimates of $88.53 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. Applied Optoelectronics’s revenue for the quarter was up 26.8% on a year-over-year basis. research analysts anticipate that Applied Optoelectronics, Inc. will post 4.2 earnings per share for the current fiscal year.
Several research firms have recently weighed in on AAOI. ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Roth Capital reissued a “buy” rating and issued a $90.00 price target on shares of Applied Optoelectronics in a research note on Thursday, August 10th. Cowen and Company reissued an “outperform” rating and issued a $102.00 price target (up from $100.00) on shares of Applied Optoelectronics in a research note on Wednesday, August 9th. Needham & Company LLC decreased their price target on shares of Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, November 8th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $51.00 price target on shares of Applied Optoelectronics in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and four have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.53.
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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