Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) CFO Stefan J. Murry sold 2,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.06, for a total value of $46,120.00. Following the completion of the transaction, the chief financial officer now directly owns 196,581 shares of the company's stock, valued at approximately $4,533,157.86. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Applied Optoelectronics Price Performance
Applied Optoelectronics stock traded down $0.65 during midday trading on Friday, reaching $20.43. 3,260,784 shares of the stock traded hands, compared to its average volume of 2,914,233. The stock's fifty day moving average is $24.97 and its 200-day moving average is $25.04. Applied Optoelectronics, Inc. has a 12 month low of $6.70 and a 12 month high of $44.50. The stock has a market cap of $1.02 billion, a P/E ratio of -9.92 and a beta of 2.36. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36.
Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The company had revenue of $100.27 million during the quarter, compared to the consensus estimate 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 anticipate that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.
Institutional Investors Weigh In On Applied Optoelectronics
Several institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its stake in shares of Applied Optoelectronics by 4.4% in the 4th quarter. California State Teachers Retirement System now owns 36,471 shares of the semiconductor company's stock valued at $1,344,000 after purchasing an additional 1,524 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Applied Optoelectronics in the 4th quarter valued at approximately $5,068,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Applied Optoelectronics by 17.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 78,959 shares of the semiconductor company's stock valued at $2,910,000 after purchasing an additional 11,684 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Applied Optoelectronics in the 4th quarter valued at approximately $13,035,000. Finally, Two Sigma Advisers LP lifted its stake in shares of Applied Optoelectronics by 265.8% in the 4th quarter. Two Sigma Advisers LP now owns 57,800 shares of the semiconductor company's stock valued at $2,131,000 after purchasing an additional 42,000 shares during the last quarter. 61.72% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on AAOI shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Applied Optoelectronics in a research note on Friday, March 14th. Raymond James upped their price objective on Applied Optoelectronics to $31.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. StockNews.com raised Applied Optoelectronics to a "sell" rating in a research note on Wednesday, February 26th. Northland Securities reissued an "outperform" rating and set a $40.00 price target (up from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. Finally, B. Riley raised Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 price target for the company in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $25.80.
Check Out Our Latest Research Report 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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