Applied Optoelectronics (NASDAQ:AAOI) Shares Down 4.2% - What's Next?

Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) traded down 4.2% during trading on Monday . The stock traded as low as $34.68 and last traded at $34.91. 483,620 shares were traded during mid-day trading, a decline of 82% from the average session volume of 2,729,015 shares. The stock had previously closed at $36.43.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. B. Riley downgraded 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. Rosenblatt Securities lifted their price target on Applied Optoelectronics from $27.50 to $44.00 and gave the stock a "buy" rating in a research report on Friday. StockNews.com raised Applied Optoelectronics to a "sell" rating in a report on Friday, October 25th. Raymond James lifted their price objective on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Northland Securities lifted their price objective on Applied Optoelectronics from $18.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Applied Optoelectronics currently has a consensus rating of "Hold" and an average price target of $23.00.

Applied Optoelectronics Stock Down 3.7 %

The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.58 billion, a P/E ratio of -17.03 and a beta of 2.37. The business has a fifty day moving average of $26.45 and a 200 day moving average of $16.07.

Insider Buying and Selling at Applied Optoelectronics

In other news, Director William H. Yeh sold 10,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $43.08, for a total transaction of $430,800.00. Following the completion of the transaction, the director now directly owns 223,538 shares of the company's stock, valued at $9,630,017.04. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Min-Chu (Mike) Chen sold 9,790 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $40.00, for a total value of $391,600.00. Following the transaction, the director now directly owns 165,054 shares of the company's stock, valued at $6,602,160. This trade represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,769 shares of company stock valued at $2,813,037. Company insiders own 5.40% of the company's stock.

Institutional Trading of Applied Optoelectronics

Several institutional investors and hedge funds have recently bought and sold shares of AAOI. The Manufacturers Life Insurance Company increased its stake in shares of Applied Optoelectronics by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company's stock worth $210,000 after purchasing an additional 483 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Applied Optoelectronics by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company's stock worth $1,557,000 after purchasing an additional 3,081 shares during the period. Truvestments Capital LLC increased its stake in Applied Optoelectronics by 24.3% during the 3rd quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company's stock worth $227,000 after acquiring an additional 3,097 shares during the period. Pingora Partners LLC bought a new position in Applied Optoelectronics during the 3rd quarter worth $82,000. Finally, FMR LLC increased its stake in Applied Optoelectronics by 3,290.6% during the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company's stock worth $88,000 after acquiring an additional 5,956 shares during the period. Institutional investors own 61.72% of the company's stock.

About Applied Optoelectronics

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.