Applied Optoelectronics Inc (NASDAQ:AAOI) Director Richard B. Black sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 34,478 shares in the company, valued at approximately $1,219,486.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Applied Optoelectronics Inc (NASDAQ AAOI) opened at $32.79 on Friday. The company has a market cap of $668.56, a PE ratio of 7.83, a PEG ratio of 0.67 and a beta of 2.88. The company has a quick ratio of 2.02, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. Applied Optoelectronics Inc has a 1-year low of $29.40 and a 1-year high of $103.41.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.23). The firm had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $88.53 million. Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. sell-side analysts expect that Applied Optoelectronics Inc will post 4.21 EPS for the current year.

Several research analysts have weighed in on the stock. B. Riley assumed coverage on shares of Applied Optoelectronics in a report on Wednesday, January 10th. They set a “neutral” rating and a $38.00 price objective on the stock. Northland Securities set a $40.00 price objective on shares of Applied Optoelectronics and gave the stock a “sell” rating in a report on Sunday, October 15th. BWS Financial set a $25.00 price objective on shares of Applied Optoelectronics and gave the stock a “sell” rating in a report on Sunday, October 15th. Piper Jaffray Companies restated a “buy” rating and set a $63.00 price objective on shares of Applied Optoelectronics in a report on Friday, October 13th. Finally, Craig Hallum restated a “buy” rating and set a $80.00 price objective (down previously from $95.00) on shares of Applied Optoelectronics in a report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and four have assigned a strong buy rating to the stock. Applied Optoelectronics presently has a consensus rating of “Hold” and an average price target of $57.98.

Several hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors raised its holdings in shares of Applied Optoelectronics by 3.2% in the second quarter. Nationwide Fund Advisors now owns 10,909 shares of the semiconductor company’s stock valued at $674,000 after purchasing an additional 343 shares during the last quarter. Carnegie Capital Asset Management LLC raised its holdings in shares of Applied Optoelectronics by 4.3% in the second quarter. Carnegie Capital Asset Management LLC now owns 8,920 shares of the semiconductor company’s stock valued at $834,000 after purchasing an additional 370 shares during the last quarter. Citigroup Inc. raised 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 valued at $126,000 after purchasing an additional 993 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Applied Optoelectronics by 82.3% in the second quarter. Advisor Group Inc. now owns 2,505 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 1,131 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. raised its holdings in shares of Applied Optoelectronics by 28.9% in the second quarter. C M Bidwell & Associates Ltd. now owns 5,325 shares of the semiconductor company’s stock valued at $329,000 after purchasing an additional 1,195 shares during the last quarter. Institutional investors own 76.67% 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.

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

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