Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) CFO Stefan J. Murry sold 4,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $31.72, for a total value of $126,880.00. Following the completion of the transaction, the chief financial officer now owns 212,129 shares of the company's stock, valued at approximately $6,728,731.88. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Applied Optoelectronics Stock Performance
NASDAQ:AAOI traded up $0.15 during mid-day trading on Friday, reaching $31.03. The company's stock had a trading volume of 2,355,381 shares, compared to its average volume of 2,610,087. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.45 billion, a P/E ratio of -15.06 and a beta of 2.39. The firm's fifty day moving average price is $34.47 and its two-hundred day moving average price is $19.96. Applied Optoelectronics, Inc. has a 12-month low of $6.70 and a 12-month high of $44.50.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in AAOI. Assenagon Asset Management S.A. purchased a new stake in Applied Optoelectronics in the fourth quarter worth approximately $12,731,000. Virtu Financial LLC bought a new position in shares of Applied Optoelectronics during the 3rd quarter valued at $353,000. Barclays PLC boosted its stake 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 last quarter. Geode Capital Management LLC boosted its stake in shares of Applied Optoelectronics by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 909,559 shares of the semiconductor company's stock worth $13,018,000 after buying an additional 60,241 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Applied Optoelectronics during the third quarter valued at $340,000. 61.72% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on AAOI shares. Rosenblatt Securities lifted their target price on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the company a "buy" rating in a report on Friday, December 13th. StockNews.com raised Applied Optoelectronics to a "sell" rating in a report on Friday, January 3rd. Northland Securities restated an "outperform" rating and set a $40.00 price target (up from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. B. Riley cut 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 note on Tuesday, December 10th. Finally, Raymond James raised their price objective on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $29.20.
View Our Latest Analysis on Applied Optoelectronics
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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