Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) CFO Stefan J. Murry sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $10.95, for a total value of $21,900.00. Following the transaction, the chief financial officer now owns 235,977 shares of the company's stock, valued at $2,583,948.15. This represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Applied Optoelectronics Trading Up 2.2 %
Applied Optoelectronics stock opened at $10.66 on Friday. The stock has a market capitalization of $531.41 million, a PE ratio of -5.17 and a beta of 2.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. Applied Optoelectronics, Inc. has a 12-month low of $6.70 and a 12-month high of $44.50. The firm has a 50 day simple moving average of $18.26 and a 200-day simple moving average of $24.91.
Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The business had revenue of $100.27 million during the quarter, compared to analyst estimates of $99.92 million. Applied Optoelectronics had a negative net margin of 38.61% and a negative return on equity of 22.36%. As a group, equities research analysts expect that Applied Optoelectronics, Inc. will post -1.18 EPS for the current fiscal year.
Institutional Investors Weigh In On Applied Optoelectronics
Several hedge funds have recently modified their holdings of AAOI. Meeder Asset Management Inc. purchased a new position in Applied Optoelectronics in the 4th quarter worth about $38,000. Sterling Capital Management LLC increased its position in shares of Applied Optoelectronics by 858.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 1,150 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Applied Optoelectronics during the fourth quarter valued at approximately $63,000. Summit Investment Advisors Inc. lifted its position in shares of Applied Optoelectronics by 17.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company's stock valued at $157,000 after acquiring an additional 637 shares in the last quarter. Finally, FMR LLC boosted its stake in Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 5,956 shares during the period. 61.72% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on AAOI shares. B. Riley upgraded Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 target price on the stock in a research note on Friday, March 7th. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price objective on shares of Applied Optoelectronics in a research report on Friday, March 14th. Raymond James decreased their target price on shares of Applied Optoelectronics from $31.00 to $20.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, StockNews.com raised Applied Optoelectronics to a "sell" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $23.60.
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About Applied Optoelectronics
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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.
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