Applied Optoelectronics Inc (AAOI) Director Richard B. Black Sells 1,000 Shares
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, January 11th. The stock was sold at an average price of $35.37, for a total transaction of $35,370.00. Following the completion of the transaction, the director now owns 34,478 shares of the company’s stock, valued at $1,219,486.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Applied Optoelectronics Inc (NASDAQ:AAOI) traded down $1.68 during mid-day trading on Tuesday, hitting $34.17. 1,510,660 shares of the stock traded hands, compared to its average volume of 1,223,940. Applied Optoelectronics Inc has a 1 year low of $28.09 and a 1 year high of $103.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 2.02. The stock has a market capitalization of $662.29, a P/E ratio of 8.16, a PEG ratio of 0.70 and a beta of 2.88.
Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 EPS 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 company had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $88.53 million. During the same period last year, the firm posted $0.38 EPS. Applied Optoelectronics’s quarterly revenue was up 26.8% compared to the same quarter last year. equities analysts expect that Applied Optoelectronics Inc will post 4.21 EPS for the current fiscal year.
A number of equities analysts have weighed in on the stock. B. Riley assumed coverage on shares of Applied Optoelectronics in a research report on Wednesday, January 10th. They issued a “neutral” rating and a $38.00 price target for the company. Zacks Investment Research lowered shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. BidaskClub lowered shares of Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Cowen reiterated a “buy” rating and issued a $60.00 price target (down from $74.00) on shares of Applied Optoelectronics in a research report on Thursday, December 7th. Finally, TheStreet lowered shares of Applied Optoelectronics from a “b-” rating to a “c” rating in a research report on Wednesday, November 15th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and four have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $57.98.
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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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