Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) General Counsel Sells 1,116 Shares of Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) General Counsel David C. Kuo sold 1,116 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $94.87, for a total value of $105,874.92. Following the sale, the general counsel now owns 25,041 shares of the company’s stock, valued at $2,375,639.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) traded down 0.64% during midday trading on Friday, reaching $64.10. The company had a trading volume of 1,952,311 shares. The firm has a market capitalization of $1.24 billion, a P/E ratio of 15.23 and a beta of 2.98. The stock’s 50 day moving average price is $78.28 and its 200-day moving average price is $59.12. Applied Optoelectronics, Inc. has a one year low of $13.34 and a one year high of $103.41.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.28. The business had revenue of $117.40 million during the quarter, compared to the consensus estimate of $117.34 million. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The firm’s revenue was up 112.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, equities research analysts anticipate that Applied Optoelectronics, Inc. will post $5.38 earnings per share for the current year.

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Several research firms have commented on AAOI. BidaskClub raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Vetr downgraded shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $72.50 target price on the stock. in a research report on Monday, August 7th. Roth Capital increased their target price on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Cowen and Company reissued an “outperform” rating and set a $100.00 target price (up from $94.00) on shares of Applied Optoelectronics in a research report on Friday, July 14th. Finally, Needham & Company LLC raised their price target on Applied Optoelectronics from $100.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, six have issued a buy rating and six have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $76.98.

A number of institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. increased its position in shares of Applied Optoelectronics by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,937 shares of the semiconductor company’s stock valued at $614,000 after buying an additional 26 shares during the last quarter. Legal & General Group Plc increased its position in Applied Optoelectronics by 3.6% in the first quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock valued at $248,000 after buying an additional 153 shares during the last quarter. ClariVest Asset Management LLC increased its position in Applied Optoelectronics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 5,345 shares of the semiconductor company’s stock valued at $300,000 after buying an additional 271 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its position in Applied Optoelectronics by 7.9% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,100 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 300 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in Applied Optoelectronics by 3.1% in the first quarter. Nationwide Fund Advisors now owns 10,566 shares of the semiconductor company’s stock valued at $593,000 after buying an additional 315 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Applied Optoelectronics Company Profile

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.

Insider Buying and Selling by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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