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Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Sells $157,800.00 in Stock

Applied Optoelectronics logo with Computer and Technology background

Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) CFO Stefan J. Murry sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $31.56, for a total transaction of $157,800.00. Following the transaction, the chief financial officer now directly owns 216,129 shares of the company's stock, valued at $6,821,031.24. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Applied Optoelectronics Price Performance

AAOI traded up $2.49 during midday trading on Friday, reaching $37.99. 4,782,351 shares of the company's stock were exchanged, compared to its average volume of 2,641,013. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The business's 50-day moving average price is $18.61 and its 200 day moving average price is $12.96. Applied Optoelectronics, Inc. has a 1-year low of $6.70 and a 1-year high of $38.94. The stock has a market capitalization of $1.71 billion, a PE ratio of -18.38 and a beta of 1.96.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AAOI shares. Raymond James increased their target price on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. B. Riley Financial reissued a "neutral" rating and issued a $9.00 target price on shares of Applied Optoelectronics in a report on Thursday, August 8th. Northland Securities upped their price target on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. StockNews.com raised shares of Applied Optoelectronics to a "sell" rating in a report on Friday, October 25th. Finally, B. Riley dropped their target price on shares of Applied Optoelectronics from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $18.70.

Check Out Our Latest Research Report on Applied Optoelectronics

Institutional Investors Weigh In On Applied Optoelectronics

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co purchased a new position in Applied Optoelectronics during the first quarter worth $46,000. Pingora Partners LLC acquired a new position in Applied Optoelectronics in the 3rd quarter valued at about $82,000. FMR LLC lifted its holdings in Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 5,956 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Applied Optoelectronics by 272.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 6,787 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Applied Optoelectronics during the second quarter worth about $89,000. Hedge funds and other institutional investors own 61.72% of the company's stock.

About Applied Optoelectronics

(Get Free Report)

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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