Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Sells $430,800.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director William H. Yeh sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $43.08, for a total value of $430,800.00. Following the completion of the sale, the director now owns 223,538 shares in the company, valued at $9,630,017.04. The trade was a 4.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Applied Optoelectronics Stock Performance

AAOI stock traded up $1.00 during midday trading on Tuesday, reaching $41.74. 3,119,639 shares of the company were exchanged, compared to its average volume of 2,660,126. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -21.01 and a beta of 2.36. The business has a 50-day moving average price of $22.03 and a two-hundred day moving average price of $14.34. Applied Optoelectronics, Inc. has a one year low of $6.70 and a one year high of $44.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AAOI shares. B. Riley Financial reissued a “neutral” rating and issued a $9.00 price objective on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Northland Securities raised their price objective on Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. Raymond James raised their target price on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, B. Riley cut 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 note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Applied Optoelectronics presently has an average rating of “Hold” and an average price target of $18.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AAOI. CANADA LIFE ASSURANCE Co acquired a new position in shares of Applied Optoelectronics in the first quarter valued at approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Applied Optoelectronics by 272.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 6,787 shares during the period. Pingora Partners LLC bought a new stake in shares of Applied Optoelectronics in the third quarter valued at approximately $82,000. FMR LLC grew its position in Applied Optoelectronics by 3,290.6% during the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock worth $88,000 after buying an additional 5,956 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Applied Optoelectronics during the 2nd quarter worth $89,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

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.