Applied Optoelectronics Inc (NASDAQ:AAOI) CFO Stefan J. Murry sold 1,000 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $17.37, for a total transaction of $17,370.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of AAOI stock opened at $17.29 on Wednesday. The company has a market cap of $352.22 million, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 0.68 and a beta of 2.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.30 and a current ratio of 2.60. Applied Optoelectronics Inc has a 12 month low of $13.42 and a 12 month high of $50.30.
Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Wednesday, November 7th. The semiconductor company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.25. The company had revenue of $56.40 million for the quarter, compared to analysts’ expectations of $56.55 million. Applied Optoelectronics had a net margin of 4.20% and a return on equity of 8.73%. Applied Optoelectronics’s revenue was down 36.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS. As a group, research analysts forecast that Applied Optoelectronics Inc will post 0.53 EPS for the current year.
A number of research firms have recently weighed in on AAOI. B. Riley reduced their target price on shares of Applied Optoelectronics from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, November 5th. Zacks Investment Research raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Friday, January 11th. ValuEngine downgraded shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Rosenblatt Securities set a $15.00 target price on shares of Applied Optoelectronics and gave the company a “sell” rating in a research report on Thursday, November 1st. Finally, Loop Capital reduced their target price on shares of Applied Optoelectronics to $8.00 and set a “sell” rating for the company in a research report on Thursday, November 8th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.40.
Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in shares of Applied Optoelectronics during the 3rd quarter valued at approximately $908,000. Dimensional Fund Advisors LP lifted its stake in shares of Applied Optoelectronics by 17.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 359,689 shares of the semiconductor company’s stock valued at $16,150,000 after buying an additional 54,595 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Applied Optoelectronics by 701.1% during the 3rd quarter. Teachers Advisors LLC now owns 290,563 shares of the semiconductor company’s stock valued at $7,165,000 after buying an additional 254,292 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Applied Optoelectronics by 728.2% during the 3rd quarter. SG Americas Securities LLC now owns 39,489 shares of the semiconductor company’s stock valued at $974,000 after buying an additional 34,721 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Applied Optoelectronics by 3.2% during the 2nd quarter. Northern Trust Corp now owns 224,674 shares of the semiconductor company’s stock valued at $10,088,000 after buying an additional 6,884 shares in the last quarter. Institutional investors own 66.90% of the company’s stock.
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Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.
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