Applied Optoelectronics Inc (NASDAQ:AAOI) Director Richard B. Black sold 1,000 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $35.37, for a total value of $35,370.00. Following the completion of the transaction, the director now owns 34,478 shares of the company’s stock, valued at $1,219,486.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) opened at $34.00 on Thursday. Applied Optoelectronics Inc has a 1 year low of $29.40 and a 1 year high of $103.41. The firm has a market capitalization of $662.29, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 0.67 and a beta of 2.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 2.02.
Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.23). Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The company had revenue of $88.90 million during the quarter, compared to the consensus estimate of $88.53 million. During the same quarter last year, the company earned $0.38 earnings per share. The business’s revenue was up 26.8% on a year-over-year basis. equities research analysts anticipate that Applied Optoelectronics Inc will post 4.21 EPS for the current fiscal year.
A number of research analysts recently commented on the company. Cowen restated an “outperform” rating and issued a $81.00 target price (down from $102.00) on shares of Applied Optoelectronics in a research note on Friday, October 13th. Craig Hallum cut Applied Optoelectronics from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Needham & Company LLC lowered their price target on Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, November 8th. DA Davidson reiterated a “buy” rating and issued a $69.00 price target on shares of Applied Optoelectronics in a research report on Wednesday, November 8th. Finally, ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and four have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $57.98.
Hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC bought a new stake in shares of Applied Optoelectronics during the second quarter worth $115,000. Citigroup Inc. grew its holdings in shares of Applied Optoelectronics by 96.2% during the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 993 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Applied Optoelectronics during the second quarter worth $137,000. Pinebridge Investments L.P. bought a new stake in shares of Applied Optoelectronics during the second quarter worth $144,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Applied Optoelectronics during the second quarter worth $149,000. Institutional investors own 76.67% of the company’s stock.
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About Applied Optoelectronics
Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.
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