Applied Optoelectronics Inc (NASDAQ:AAOI) Director Richard B. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $40.43, for a total transaction of $40,430.00. Following the completion of the transaction, the director now owns 35,478 shares in the company, valued at $1,434,375.54. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) traded down $0.15 on Monday, reaching $38.69. 1,335,900 shares of the company traded hands, compared to its average volume of 2,575,189. Applied Optoelectronics Inc has a 1 year low of $21.88 and a 1 year high of $103.41. The stock has a market cap of $749.90, a P/E ratio of 9.19, a P/E/G ratio of 0.59 and a beta of 2.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share for the quarter, missing the 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 business had revenue of $88.90 million for the quarter, compared to analysts’ expectations of $88.53 million. During the same period in the previous year, the company earned $0.38 earnings per share. Applied Optoelectronics’s quarterly revenue was up 26.8% on a year-over-year basis. research analysts predict that Applied Optoelectronics Inc will post 4.22 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in AAOI. BlackRock Inc. increased its position in shares of Applied Optoelectronics by 86.8% in the 2nd quarter. BlackRock Inc. now owns 2,093,297 shares of the semiconductor company’s stock valued at $129,346,000 after purchasing an additional 972,428 shares during the last quarter. FMR LLC purchased a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at approximately $45,101,000. Balyasny Asset Management LLC purchased a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at approximately $44,798,000. State of Tennessee Treasury Department increased its position in shares of Applied Optoelectronics by 113.9% in the 3rd quarter. State of Tennessee Treasury Department now owns 815,552 shares of the semiconductor company’s stock valued at $52,742,000 after purchasing an additional 434,207 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Applied Optoelectronics by 49.8% in the 2nd quarter. Vanguard Group Inc. now owns 953,505 shares of the semiconductor company’s stock valued at $58,917,000 after purchasing an additional 317,033 shares during the last quarter. 76.69% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on AAOI shares. Needham & Company LLC restated a “buy” rating and issued a $115.00 price objective on shares of Applied Optoelectronics in a report on Tuesday, September 5th. ValuEngine lowered shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Craig Hallum restated a “buy” rating and issued a $80.00 price objective (down from $95.00) on shares of Applied Optoelectronics in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $63.00 price objective on shares of Applied Optoelectronics in a report on Friday, October 13th. Five investment analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and four have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $60.20.

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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.

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

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