Applied Optoelectronics Inc (NASDAQ:AAOI) Director Richard B. Black sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $35.37, for a total value of $35,370.00. Following the sale, the director now directly owns 34,478 shares of the company’s stock, valued at approximately $1,219,486.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) opened at $34.17 on Wednesday. Applied Optoelectronics Inc has a 1 year low of $28.09 and a 1 year high of $103.41. The company has a quick ratio of 2.02, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $662.29, a PE ratio of 8.16, a PEG ratio of 0.70 and a beta of 2.88.
Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ 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 in the previous year, the company earned $0.38 EPS. Applied Optoelectronics’s quarterly revenue was up 26.8% on a year-over-year basis. research analysts expect that Applied Optoelectronics Inc will post 4.21 EPS for the current fiscal year.
A number of equities research analysts have issued reports on AAOI shares. Cowen reissued a “buy” rating and set a $60.00 price target (down previously from $74.00) on shares of Applied Optoelectronics in a research report on Thursday, December 7th. Needham & Company LLC decreased their target price on Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating for the company in a research report on Wednesday, November 8th. Craig Hallum downgraded Applied Optoelectronics from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. ValuEngine raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. Finally, BidaskClub downgraded Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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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