Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) Insider Sells 10,000 Shares of Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider David C. Kuo sold 10,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $26.93, for a total transaction of $269,300.00. Following the sale, the insider now directly owns 118,122 shares of the company’s stock, valued at $3,181,025.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Applied Optoelectronics Trading Down 4.5 %

AAOI stock opened at $27.26 on Thursday. Applied Optoelectronics, Inc. has a 1-year low of $6.70 and a 1-year high of $28.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -13.23 and a beta of 1.96. The business has a 50 day simple moving average of $16.54 and a two-hundred day simple moving average of $12.15.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AAOI shares. Northland Securities upped their price target on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. B. Riley reduced their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. B. Riley Financial reiterated a “neutral” rating and set a $9.00 price objective on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Finally, Raymond James boosted 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westfield Capital Management Co. LP purchased a new stake in shares of Applied Optoelectronics during the 3rd quarter worth approximately $19,019,000. Shellback Capital LP purchased a new stake in shares of Applied Optoelectronics during the 2nd quarter worth approximately $8,617,000. Royce & Associates LP raised its holdings in shares of Applied Optoelectronics by 47.7% during the 3rd quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock worth $22,847,000 after acquiring an additional 515,489 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Applied Optoelectronics by 29.2% during the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock worth $27,089,000 after acquiring an additional 442,277 shares in the last quarter. Finally, Caxton Associates LP raised its holdings in shares of Applied Optoelectronics by 550.5% during the 2nd quarter. Caxton Associates LP now owns 411,054 shares of the semiconductor company’s stock worth $3,408,000 after acquiring an additional 347,867 shares in the last quarter. 61.72% of the stock is currently owned by institutional investors.

About Applied Optoelectronics

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.