Stefan J. Murry Sells 4,000 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 4,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the transaction, the chief financial officer now directly owns 212,129 shares in the company, valued at $6,728,731.88. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Applied Optoelectronics Trading Up 0.5 %

NASDAQ:AAOI opened at $31.03 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -15.06 and a beta of 2.39. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $44.50. The stock has a fifty day moving average price of $34.54 and a two-hundred day moving average price of $20.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61.

Hedge Funds Weigh In On Applied Optoelectronics

A number of large investors have recently made changes to their positions in the stock. Royce & Associates LP increased its holdings in Applied Optoelectronics by 47.7% in the third quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock valued at $22,847,000 after buying an additional 515,489 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in Applied Optoelectronics in the 3rd quarter valued at approximately $19,019,000. Whale Rock Capital Management LLC acquired a new position in Applied Optoelectronics during the third quarter worth $16,145,000. Shellback Capital LP purchased a new stake in Applied Optoelectronics during the second quarter worth $8,617,000. Finally, Geode Capital Management LLC boosted its position in Applied Optoelectronics by 7.1% during the third quarter. Geode Capital Management LLC now owns 909,559 shares of the semiconductor company’s stock worth $13,018,000 after purchasing an additional 60,241 shares in the last quarter. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Analyst Ratings Changes

AAOI has been the subject of several recent research reports. Northland Securities reiterated an “outperform” rating and set a $40.00 target price (up previously from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. Rosenblatt Securities lifted their target price on Applied Optoelectronics from $27.50 to $44.00 and gave the company a “buy” rating in a research note on Friday, December 13th. B. Riley lowered Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price on the stock. in a report on Tuesday, December 10th. Raymond James lifted their price objective on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.20.

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.