Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director William H. Yeh Sells 10,000 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director William H. Yeh sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $43.08, for a total value of $430,800.00. Following the completion of the sale, the director now directly owns 223,538 shares in the company, valued at approximately $9,630,017.04. This represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Applied Optoelectronics Trading Up 2.5 %

Shares of NASDAQ:AAOI traded up $1.00 during trading on Tuesday, reaching $41.74. The stock had a trading volume of 3,119,639 shares, compared to its average volume of 2,660,126. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $44.32. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -21.01 and a beta of 2.36. The firm’s fifty day moving average is $22.03 and its 200 day moving average is $14.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AAOI shares. Raymond James raised their price objective on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. B. Riley Financial reaffirmed a “neutral” rating and set a $9.00 price target on shares of Applied Optoelectronics in a report on Thursday, August 8th. Rosenblatt Securities increased their price objective on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a research note on Friday, November 8th. B. Riley decreased their target price on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Northland Securities increased their price target on Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Applied Optoelectronics presently has an average rating of “Hold” and an average target price of $18.70.

Institutional Investors Weigh In On Applied Optoelectronics

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Applied Optoelectronics by 29.2% in the 1st 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. CANADA LIFE ASSURANCE Co acquired a new position in Applied Optoelectronics during the first quarter worth $46,000. Janus Henderson Group PLC bought a new position in shares of Applied Optoelectronics in the first quarter valued at $386,000. California State Teachers Retirement System acquired a new stake in shares of Applied Optoelectronics in the 1st quarter worth about $511,000. Finally, Bank of New York Mellon Corp acquired a new position in Applied Optoelectronics during the 2nd quarter valued at about $956,000. Institutional investors own 61.72% of the company’s stock.

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.