Applied Optoelectronics (NASDAQ:AAOI) CFO Sells $311,098.59 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan Murry sold 6,327 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $49.17, for a total value of $311,098.59. Following the sale, the chief financial officer directly owned 301,743 shares in the company, valued at $14,836,703.31. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Applied Optoelectronics Stock Up 1.1%

NASDAQ AAOI opened at $44.46 on Friday. The stock has a 50 day moving average price of $37.59 and a 200-day moving average price of $30.41. Applied Optoelectronics, Inc. has a one year low of $9.71 and a one year high of $50.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.63 and a current ratio of 2.31. The company has a market capitalization of $3.04 billion, a P/E ratio of -13.81 and a beta of 3.32.

Analyst Ratings Changes

AAOI has been the topic of a number of research reports. Rosenblatt Securities restated a “buy” rating and issued a $50.00 target price on shares of Applied Optoelectronics in a report on Friday, December 19th. Needham & Company LLC increased their price target on shares of Applied Optoelectronics from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Northland Securities set a $45.00 price objective on Applied Optoelectronics in a research note on Thursday, December 11th. B. Riley Financial restated a “sell” rating and set a $15.00 price objective on shares of Applied Optoelectronics in a research report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Optoelectronics in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.60.

Institutional Investors Weigh In On Applied Optoelectronics

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in shares of Applied Optoelectronics by 497.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 962 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 801 shares during the last quarter. Allworth Financial LP increased its stake in Applied Optoelectronics by 1,923.7% in the fourth quarter. Allworth Financial LP now owns 769 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 731 shares during the period. Comerica Bank bought a new stake in shares of Applied Optoelectronics during the third quarter worth $28,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Applied Optoelectronics by 166.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,200 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 750 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Applied Optoelectronics during the second quarter valued at $49,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

About Applied Optoelectronics

Applied Optoelectronics, Inc develops and manufactures high-speed fiber-optic networking products designed to support the growing bandwidth demands of data centers, telecommunications carriers and internet content providers. The company’s core offerings include pluggable optical transceiver modules, transponders and optical components that enable data transmission at rates ranging from 1G to 400G. These products are used to facilitate long-haul, metro and intra-data center connectivity, addressing the need for scalable, low-latency and energy-efficient solutions in modern network infrastructures.

The company’s product portfolio spans small-form factor pluggable modules such as SFP+, QSFP+ and QSFP28 units, as well as more advanced form factors like CFP2 and OSFP for ultra-high-speed applications.