Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry Sells 5,000 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $31.56, for a total value of $157,800.00. Following the completion of the transaction, the chief financial officer now owns 216,129 shares of the company’s stock, valued at $6,821,031.24. This represents a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Applied Optoelectronics Stock Up 7.0 %

NASDAQ AAOI opened at $37.99 on Monday. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $38.94. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1.71 billion, a P/E ratio of -18.44 and a beta of 1.96. The stock’s 50-day moving average price is $19.08 and its 200-day moving average price is $13.17.

Institutional Investors Weigh In On Applied Optoelectronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Applied Optoelectronics by 29.2% in the first quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock worth $27,089,000 after purchasing an additional 442,277 shares in the last quarter. AQR Capital Management LLC increased its stake in Applied Optoelectronics by 90.7% in the 2nd quarter. AQR Capital Management LLC now owns 75,981 shares of the semiconductor company’s stock worth $630,000 after buying an additional 36,138 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Applied Optoelectronics during the third quarter valued at about $1,319,000. Bank of New York Mellon Corp purchased a new position in shares of Applied Optoelectronics in the second quarter valued at about $956,000. Finally, Swiss National Bank purchased a new position in Applied Optoelectronics in the 1st quarter worth approximately $1,123,000. Institutional investors own 61.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AAOI. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Friday, October 25th. B. Riley Financial reiterated a “neutral” rating and set a $9.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. B. Riley dropped their price target on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Raymond James upped their price objective on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities raised their target price on Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.70.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.