Applied Optoelectronics, Inc. (NASDAQ:AAOI) Insider Sells $269,300.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider David C. Kuo sold 10,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $26.93, for a total value of $269,300.00. Following the completion of the sale, the insider now owns 118,122 shares in the company, valued at $3,181,025.46. The trade was a 7.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Applied Optoelectronics Stock Performance

Applied Optoelectronics stock opened at $28.15 on Friday. The stock has a fifty day moving average price of $16.86 and a two-hundred day moving average price of $12.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $29.17. The firm has a market capitalization of $1.27 billion, a P/E ratio of -13.67 and a beta of 1.96.

Analysts Set New Price Targets

A number of research firms have commented on AAOI. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. Rosenblatt Securities boosted their price objective on Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research note on Friday, November 8th. Northland Securities raised their target price on Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. B. Riley cut their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, B. Riley Financial reissued a “neutral” rating and set a $9.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.70.

Institutional Investors Weigh In On Applied Optoelectronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Applied Optoelectronics by 29.2% during 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 lifted its holdings in shares of Applied Optoelectronics by 90.7% during the 2nd quarter. AQR Capital Management LLC now owns 75,981 shares of the semiconductor company’s stock valued at $630,000 after purchasing an additional 36,138 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Applied Optoelectronics in the 3rd quarter valued at approximately $1,319,000. Bank of New York Mellon Corp acquired a new position in shares of Applied Optoelectronics in the 2nd quarter valued at approximately $956,000. Finally, Swiss National Bank bought a new stake in Applied Optoelectronics during the 1st quarter worth approximately $1,123,000. Institutional investors own 61.72% of the company’s stock.

About Applied Optoelectronics

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.