Applied Optoelectronics Inc (NASDAQ:AAOI) Insider Sells $30,020.00 in Stock

Applied Optoelectronics Inc (NASDAQ:AAOI) insider Shu-Hua (Joshua) Yeh sold 2,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $15.01, for a total value of $30,020.00. Following the completion of the transaction, the insider now owns 154,521 shares in the company, valued at $2,319,360.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ AAOI opened at $13.62 on Monday. The stock has a 50 day moving average price of $10.48 and a 200-day moving average price of $10.03. Applied Optoelectronics Inc has a one year low of $5.00 and a one year high of $15.98. The company has a current ratio of 1.91, a quick ratio of 1.00 and a debt-to-equity ratio of 0.39.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported ($0.44) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.10. Applied Optoelectronics had a negative net margin of 40.52% and a negative return on equity of 11.37%. The business had revenue of $40.47 million during the quarter, compared to analyst estimates of $45.03 million. On average, sell-side analysts predict that Applied Optoelectronics Inc will post -1.53 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Applied Optoelectronics during the second quarter worth approximately $118,000. Texas Permanent School Fund boosted its holdings in shares of Applied Optoelectronics by 24.0% in the 1st quarter. Texas Permanent School Fund now owns 16,216 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 3,143 shares during the period. State of Alaska Department of Revenue increased its position in shares of Applied Optoelectronics by 18.0% during the 1st quarter. State of Alaska Department of Revenue now owns 17,033 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 2,600 shares during the last quarter. Royal Bank of Canada raised its holdings in Applied Optoelectronics by 82.6% during the 1st quarter. Royal Bank of Canada now owns 17,651 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 7,982 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Applied Optoelectronics in the second quarter worth $163,000. Institutional investors own 58.72% of the company’s stock.

Several analysts recently issued reports on AAOI shares. Zacks Investment Research upgraded Applied Optoelectronics from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, July 14th. ValuEngine lowered shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a report on Wednesday, July 8th. Rosenblatt Securities downgraded shares of Applied Optoelectronics from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $11.50 to $10.00 in a report on Thursday, May 7th. B. Riley upped their target price on shares of Applied Optoelectronics from $8.60 to $10.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Needham & Company LLC upgraded shares of Applied Optoelectronics from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.71.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

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