Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Sells $80,820.66 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 2,298 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $35.17, for a total transaction of $80,820.66. Following the completion of the sale, the chief financial officer now owns 209,831 shares in the company, valued at approximately $7,379,756.27. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Applied Optoelectronics Stock Performance

AAOI stock opened at $30.69 on Friday. Applied Optoelectronics, Inc. has a twelve month low of $6.70 and a twelve month high of $44.50. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -14.90 and a beta of 2.39. The business’s fifty day simple moving average is $34.91 and its two-hundred day simple moving average is $21.02. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. purchased a new stake in Applied Optoelectronics in the 4th quarter valued at about $1,124,000. Affinity Wealth Management LLC purchased a new stake in shares of Applied Optoelectronics in the fourth quarter valued at approximately $7,965,000. Assenagon Asset Management S.A. bought a new position in Applied Optoelectronics in the fourth quarter worth approximately $12,731,000. Virtu Financial LLC bought a new stake in Applied Optoelectronics during the 3rd quarter valued at $353,000. Finally, Barclays PLC lifted its holdings in shares of Applied Optoelectronics by 37.4% in the 3rd quarter. Barclays PLC now owns 56,920 shares of the semiconductor company’s stock worth $815,000 after buying an additional 15,507 shares during the period. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Rosenblatt Securities lifted their price target on Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Wednesday. Raymond James raised their price target on Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Northland Securities reiterated an “outperform” rating and set a $40.00 price objective (up previously from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. Finally, B. Riley downgraded shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price on the stock. in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.20.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.