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 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.

Several large investors have recently added to or reduced their stakes in AAOI. Flinton Capital Management LLC acquired a new position in shares of Applied Optoelectronics in the second quarter worth about $115,000. Citigroup Inc. lifted its stake 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 acquiring an additional 993 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Applied Optoelectronics in the second quarter worth about $137,000. Pinebridge Investments L.P. acquired a new position in shares of Applied Optoelectronics in the second quarter worth about $144,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Applied Optoelectronics in the second quarter worth about $149,000. Institutional investors and hedge funds own 76.67% of the company’s stock.

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.

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

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