Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $30.30 and last traded at $30.62, with a volume of 1793439 shares traded. The stock had previously closed at $32.05.

Several analysts have recently issued reports on the company. Northland Securities set a $40.00 target price on Applied Optoelectronics and gave the stock a “sell” rating in a report on Sunday, October 15th. BWS Financial set a $25.00 target price on Applied Optoelectronics and gave the stock a “sell” rating in a report on Sunday, October 15th. ValuEngine raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th. Piper Jaffray Companies reissued a “buy” rating and set a $51.00 target price on shares of Applied Optoelectronics in a report on Friday, November 10th. Finally, TheStreet lowered Applied Optoelectronics from a “b-” rating to a “c” rating in a report on Wednesday, November 15th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and three have given a strong buy rating to the company. Applied Optoelectronics currently has an average rating of “Hold” and an average price target of $55.89.

The company has a market cap of $595.42, a price-to-earnings ratio of 7.40, a PEG ratio of 0.61 and a beta of 2.51. The company has a quick ratio of 2.02, a current ratio of 2.99 and a debt-to-equity ratio of 0.12.

In related news, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $45.30, for a total value of $58,890.00. Following the sale, the chief executive officer now directly owns 522,837 shares of the company’s stock, valued at $23,684,516.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan D. Moore acquired 22,400 shares of Applied Optoelectronics stock in a transaction that occurred on 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 disclosure for this purchase can be found here. Insiders sold 6,900 shares of company stock worth $297,554 over the last ninety days. 8.19% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors boosted its stake in 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 buying an additional 343 shares in the last quarter. Citigroup Inc. boosted its stake in 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 buying an additional 993 shares in the last quarter. Advisor Group Inc. boosted its stake in 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 buying an additional 1,131 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Applied Optoelectronics by 11.2% in the third quarter. New York State Teachers Retirement System now owns 13,900 shares of the semiconductor company’s stock valued at $899,000 after buying an additional 1,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Applied Optoelectronics by 11.1% in the second quarter. The Manufacturers Life Insurance Company now owns 14,671 shares of the semiconductor company’s stock valued at $907,000 after buying an additional 1,461 shares in the last quarter. 75.68% of the stock is currently owned by institutional investors and hedge funds.

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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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