Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry Sells 2,298 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 2,298 shares of Applied Optoelectronics stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total transaction of $80,820.66. Following the transaction, the chief financial officer now directly owns 209,831 shares in the company, valued at approximately $7,379,756.27. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Applied Optoelectronics Stock Performance

AAOI opened at $30.69 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of -14.90 and a beta of 2.39. 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 firm’s 50-day moving average price is $34.91 and its 200-day moving average price is $21.02. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.50.

Analysts Set New Price Targets

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

Institutional Trading of Applied Optoelectronics

Several large investors have recently bought and sold shares of AAOI. Royce & Associates LP lifted its stake in shares of Applied Optoelectronics by 47.7% during the third quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock worth $22,847,000 after buying an additional 515,489 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Applied Optoelectronics during the 3rd quarter valued at about $19,019,000. Whale Rock Capital Management LLC acquired a new position in shares of Applied Optoelectronics in the third quarter valued at about $16,145,000. Shellback Capital LP purchased a new position in shares of Applied Optoelectronics in the second quarter worth about $8,617,000. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 during the period. Hedge funds and other 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.