Applied Optoelectronics, Inc. (AAOI) Director Sells $43,000.00 in Stock
Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 1,000 shares of Applied Optoelectronics stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $43.00, for a total value of $43,000.00. Following the completion of the transaction, the director now owns 36,478 shares in the company, valued at $1,568,554. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) traded up $2.10 during trading on Monday, hitting $45.30. The stock had a trading volume of 2,969,900 shares, compared to its average volume of 2,683,257. The firm has a market capitalization of $878.01, a PE ratio of 10.76, a PEG ratio of 0.63 and a beta of 2.90. The company has a current ratio of 2.99, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12. Applied Optoelectronics, Inc. has a 1-year low of $21.88 and a 1-year high of $103.41.
Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.23). The business had revenue of $88.90 million during the quarter, compared to analyst estimates of $88.53 million. Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. research analysts anticipate that Applied Optoelectronics, Inc. will post 4.2 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on AAOI. Northland Securities cut Applied Optoelectronics from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $47.00 to $43.00 in a report on Friday, August 4th. BidaskClub upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Raymond James Financial, Inc. restated a “strong-buy” rating on shares of Applied Optoelectronics in a report on Tuesday, July 25th. Needham & Company LLC lifted their target price on Applied Optoelectronics from $100.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, July 24th. Finally, BWS Financial restated a “sell” rating and issued a $25.00 target price on shares of Applied Optoelectronics in a report on Saturday, July 22nd. Four research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and four have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $62.53.
Several institutional investors have recently modified their holdings of AAOI. Alliancebernstein L.P. boosted its position in shares of Applied Optoelectronics by 29.6% in the first quarter. Alliancebernstein L.P. now owns 17,500 shares of the semiconductor company’s stock worth $983,000 after buying an additional 4,000 shares during the period. Teachers Advisors LLC boosted its position in shares of Applied Optoelectronics by 2.3% in the first quarter. Teachers Advisors LLC now owns 29,403 shares of the semiconductor company’s stock worth $1,651,000 after buying an additional 668 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Applied Optoelectronics by 55.6% in the first quarter. TIAA CREF Investment Management LLC now owns 73,090 shares of the semiconductor company’s stock worth $4,104,000 after buying an additional 26,104 shares during the period. 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 period. Finally, Vanguard Group Inc. boosted its position in Applied Optoelectronics by 7.7% during the first quarter. Vanguard Group Inc. now owns 636,472 shares of the semiconductor company’s stock valued at $35,737,000 after purchasing an additional 45,353 shares during the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.
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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