Hung-Lun (Fred) Chang Sells 20,323 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) insider Hung-Lun (Fred) Chang sold 20,323 shares of Applied Optoelectronics stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $30.35, for a total value of $616,803.05. Following the sale, the insider now directly owns 195,572 shares in the company, valued at approximately $5,935,610.20. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Applied Optoelectronics Price Performance

Applied Optoelectronics stock traded up $2.49 on Friday, reaching $37.99. The company's stock had a trading volume of 4,782,305 shares, compared to its average volume of 2,641,013. The business's fifty day moving average price is $18.61 and its 200 day moving average price is $12.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -18.38 and a beta of 1.96. Applied Optoelectronics, Inc. has a twelve month low of $6.70 and a twelve month high of $38.94.

Institutional Investors Weigh In On Applied Optoelectronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Applied Optoelectronics by 29.2% in the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company's stock worth $27,089,000 after purchasing an additional 442,277 shares during the last quarter. AQR Capital Management LLC raised its stake in Applied Optoelectronics by 90.7% during the 2nd quarter. AQR Capital Management LLC now owns 75,981 shares of the semiconductor company's stock worth $630,000 after buying an additional 36,138 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Applied Optoelectronics in the 3rd quarter valued at $1,319,000. Bank of New York Mellon Corp acquired a new position in Applied Optoelectronics in the 2nd quarter worth $956,000. Finally, Swiss National Bank bought a new position in Applied Optoelectronics during the 1st quarter worth about $1,123,000. Institutional investors and hedge funds own 61.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AAOI. Northland Securities raised their price target on Applied Optoelectronics from $18.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, November 8th. StockNews.com raised Applied Optoelectronics to a "sell" rating in a report on Friday, October 25th. B. Riley reduced their price objective on shares of Applied Optoelectronics from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Rosenblatt Securities raised their target price on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Raymond James upped their price target on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.70.

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.

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