David C. Kuo Sells 10,000 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider David C. Kuo sold 10,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $26.93, for a total value of $269,300.00. Following the transaction, the insider now directly owns 118,122 shares of the company’s stock, valued at $3,181,025.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Applied Optoelectronics Price Performance

Shares of NASDAQ:AAOI opened at $27.26 on Thursday. Applied Optoelectronics, Inc. has a 1-year low of $6.70 and a 1-year high of $28.94. 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 has a fifty day moving average price of $16.54 and a 200-day moving average price of $12.15. The company has a market capitalization of $1.23 billion, a PE ratio of -13.23 and a beta of 1.96.

Hedge Funds Weigh In On Applied Optoelectronics

A number of hedge funds have recently bought and sold shares of AAOI. Westfield Capital Management Co. LP purchased a new position in Applied Optoelectronics in the 3rd quarter worth about $19,019,000. Shellback Capital LP purchased a new position in Applied Optoelectronics in the 2nd quarter worth about $8,617,000. Royce & Associates LP raised its position in Applied Optoelectronics by 47.7% in the 3rd quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock worth $22,847,000 after buying an additional 515,489 shares during the last quarter. 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 buying an additional 442,277 shares during the last quarter. Finally, Caxton Associates LP raised its position in Applied Optoelectronics by 550.5% in the 2nd quarter. Caxton Associates LP now owns 411,054 shares of the semiconductor company’s stock worth $3,408,000 after buying an additional 347,867 shares during the last quarter. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. B. Riley lowered their price objective on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Northland Securities raised their price objective on Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Rosenblatt Securities raised their price target on Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Raymond James raised their price target on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Applied Optoelectronics 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.