Applied Optoelectronics, Inc. (NASDAQ:AAOI) was the target of unusually large options trading on Friday. Stock traders purchased 18,051 call options on the company. This is an increase of approximately 250% compared to the typical daily volume of 5,155 call options.

AAOI has been the topic of a number of research reports. ValuEngine raised Applied Optoelectronics from a “hold” rating to a “buy” rating in a research note on Thursday, May 18th. Roth Capital lifted their price objective on Applied Optoelectronics from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. Vetr downgraded Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $68.41 price objective on the stock. in a research note on Tuesday, May 9th. DA Davidson initiated coverage on Applied Optoelectronics in a research note on Thursday, June 29th. They issued a “buy” rating and a $95.00 price objective on the stock. Finally, BidaskClub raised Applied Optoelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and five have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $77.17.

Applied Optoelectronics (AAOI) opened at 64.60 on Monday. The stock’s 50 day moving average price is $74.92 and its 200 day moving average price is $55.92. Applied Optoelectronics has a 52-week low of $11.67 and a 52-week high of $103.41. The company has a market cap of $1.23 billion, a P/E ratio of 22.76 and a beta of 2.98.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.15 by $0.28. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The firm had revenue of $117.40 million during the quarter, compared to analysts’ expectations of $117.34 million. During the same quarter last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 112.3% on a year-over-year basis. Analysts expect that Applied Optoelectronics will post $5.30 earnings per share for the current year.

In other Applied Optoelectronics news, Director William H. Yeh sold 30,000 shares of Applied Optoelectronics stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $72.12, for a total value of $2,163,600.00. Following the sale, the director now owns 71,167 shares of the company’s stock, valued at approximately $5,132,564.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel David C. Kuo sold 578 shares of Applied Optoelectronics stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $96.47, for a total value of $55,759.66. Following the completion of the sale, the general counsel now directly owns 23,753 shares in the company, valued at approximately $2,291,451.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,742 shares of company stock worth $9,725,420. Corporate insiders own 8.19% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Applied Optoelectronics during the first quarter valued at approximately $196,000. Capstone Asset Management Co. bought a new stake in Applied Optoelectronics during the second quarter valued at approximately $203,000. 361 Capital LLC bought a new stake in Applied Optoelectronics during the first quarter valued at approximately $208,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Applied Optoelectronics during the first quarter valued at approximately $213,000. Finally, State of Alaska Department of Revenue bought a new stake in Applied Optoelectronics during the second quarter valued at approximately $215,000. 77.36% of the stock is owned by hedge funds and other institutional investors.

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About Applied Optoelectronics

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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