Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry Sells 2,298 Shares

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

Applied Optoelectronics Stock Performance

NASDAQ AAOI opened at $32.50 on Friday. The company has a market capitalization of $1.52 billion, a PE ratio of -15.78 and a beta of 2.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $44.50. The company has a 50-day simple moving average of $34.83 and a 200 day simple moving average of $20.78.

Analyst Ratings Changes

AAOI has been the topic of several recent analyst reports. Northland Securities restated an “outperform” rating and set a $40.00 price objective (up from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. B. Riley lowered shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price target on the stock. in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a report on Wednesday. Raymond James lifted their target price on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Rosenblatt Securities upped their target price on Applied Optoelectronics from $27.50 to $44.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Applied Optoelectronics currently has a consensus rating of “Hold” and an average target price of $29.20.

Institutional Investors Weigh In On Applied Optoelectronics

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in Applied Optoelectronics by 90.7% during the second quarter. AQR Capital Management LLC now owns 75,981 shares of the semiconductor company’s stock valued at $630,000 after purchasing an additional 36,138 shares during the period. XTX Topco Ltd purchased a new stake in Applied Optoelectronics in the 3rd quarter worth about $1,109,000. Harbor Capital Advisors Inc. bought a new stake in Applied Optoelectronics in the 3rd quarter valued at about $1,319,000. Westfield Capital Management Co. LP purchased a new stake in Applied Optoelectronics during the third quarter valued at about $19,019,000. Finally, Virtu Financial LLC bought a new position in Applied Optoelectronics during the third quarter worth about $353,000. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Company Profile

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.