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.

Several hedge funds have recently added to or reduced their stakes in AAOI. Flinton Capital Management LLC purchased a new position in shares of Applied Optoelectronics in the second quarter worth $115,000. Citigroup Inc. lifted its holdings in shares of Applied Optoelectronics by 96.2% in the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock worth $126,000 after buying an additional 993 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Applied Optoelectronics in the second quarter worth $137,000. Pinebridge Investments L.P. purchased a new position in shares of Applied Optoelectronics in the second quarter worth $144,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Applied Optoelectronics in the second quarter worth $149,000. 76.67% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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