Applied Optoelectronics Inc (NASDAQ:AAOI) General Counsel Sells $11,740.00 in Stock

Applied Optoelectronics Inc (NASDAQ:AAOI) General Counsel David C. Kuo sold 1,000 shares of Applied Optoelectronics stock in a transaction on Monday, October 12th. The shares were sold at an average price of $11.74, for a total value of $11,740.00. Following the completion of the transaction, the general counsel now owns 46,067 shares of the company’s stock, valued at approximately $540,826.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NASDAQ AAOI opened at $10.98 on Friday. The stock has a fifty day moving average of $10.96 and a 200-day moving average of $10.52. The stock has a market capitalization of $250.06 million, a P/E ratio of -2.80 and a beta of 1.98. Applied Optoelectronics Inc has a 52 week low of $5.00 and a 52 week high of $17.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.97 and a current ratio of 1.78.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.13. Applied Optoelectronics had a negative return on equity of 11.97% and a negative net margin of 39.72%. The business had revenue of $65.22 million during the quarter, compared to analysts’ expectations of $56.93 million. Equities research analysts forecast that Applied Optoelectronics Inc will post -1.26 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in AAOI. State Street Corp grew its stake in shares of Applied Optoelectronics by 9.4% during the first quarter. State Street Corp now owns 584,997 shares of the semiconductor company’s stock worth $4,440,000 after purchasing an additional 50,329 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Applied Optoelectronics by 165.1% during the first quarter. JPMorgan Chase & Co. now owns 159,044 shares of the semiconductor company’s stock worth $1,206,000 after purchasing an additional 99,039 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Applied Optoelectronics by 5.7% during the first quarter. Nuveen Asset Management LLC now owns 91,371 shares of the semiconductor company’s stock worth $693,000 after purchasing an additional 4,903 shares during the period. Alliancebernstein L.P. grew its stake in shares of Applied Optoelectronics by 55.8% during the first quarter. Alliancebernstein L.P. now owns 26,250 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 9,400 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Applied Optoelectronics by 51.8% during the first quarter. Wells Fargo & Company MN now owns 26,295 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 8,973 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the company. Craig Hallum upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Friday, August 7th. DA Davidson lifted their price objective on Applied Optoelectronics from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Needham & Company LLC lifted their price objective on Applied Optoelectronics from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Northland Securities reissued a “sell” rating and issued a $10.00 target price on shares of Applied Optoelectronics in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Applied Optoelectronics in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Applied Optoelectronics has an average rating of “Hold” and a consensus target price of $14.06.

Applied Optoelectronics Company Profile

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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