Applied Optoelectronics, Inc. (NASDAQ:AAOI) saw unusually large options trading activity on Monday. Stock investors purchased 640 put options on the stock. This is an increase of 106% compared to the average volume of 310 put options.

In other Applied Optoelectronics news, Director Chewei Lin sold 22,500 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $65.00, for a total transaction of $1,462,500.00. Following the transaction, the director now directly owns 74,017 shares of the company’s stock, valued at approximately $4,811,105. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stefan J. Murry sold 3,168 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $63.51, for a total transaction of $201,199.68. Following the transaction, the chief financial officer now directly owns 58,526 shares in the company, valued at $3,716,986.26. The disclosure for this sale can be found here. Insiders have sold a total of 115,844 shares of company stock worth $8,324,930 over the last three months. 8.19% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. boosted its position in shares of Applied Optoelectronics by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,937 shares of the semiconductor company’s stock worth $614,000 after buying an additional 26 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Applied Optoelectronics by 3.6% in the first quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock worth $248,000 after buying an additional 153 shares during the last quarter. ClariVest Asset Management LLC boosted its position in shares of Applied Optoelectronics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 5,345 shares of the semiconductor company’s stock worth $300,000 after buying an additional 271 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Applied Optoelectronics by 7.9% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,100 shares of the semiconductor company’s stock worth $253,000 after buying an additional 300 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Applied Optoelectronics by 3.1% in the first quarter. Nationwide Fund Advisors now owns 10,566 shares of the semiconductor company’s stock worth $593,000 after buying an additional 315 shares during the last quarter. 77.36% of the stock is owned by institutional investors.

Several brokerages have issued reports on AAOI. Vetr raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating and set a $76.81 price objective on the stock in a research report on Wednesday. Cowen and Company reissued an “outperform” rating and set a $102.00 price objective (up from $100.00) on shares of Applied Optoelectronics in a research report on Wednesday. Northland Securities set a $47.00 price objective on shares of Applied Optoelectronics and gave the stock a “sell” rating in a research report on Monday. DA Davidson set a $103.00 price objective on shares of Applied Optoelectronics and gave the stock a “buy” rating in a research report on Saturday, August 5th. Finally, ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a sell rating, six have issued a buy rating and six have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $76.98.

Shares of Applied Optoelectronics (NASDAQ AAOI) opened at 67.47 on Thursday. The stock has a 50 day moving average of $76.90 and a 200 day moving average of $56.55. The stock has a market cap of $1.28 billion, a P/E ratio of 23.77 and a beta of 2.98. Applied Optoelectronics has a one year low of $13.06 and a one year high of $103.41.

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

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Applied Optoelectronics Company Profile

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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