Richard B. Black Sells 8,162 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 8,162 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $37.18, for a total transaction of $303,463.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Applied Optoelectronics Stock Performance

NASDAQ AAOI opened at $41.22 on Friday. 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, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $43.05. The business has a fifty day moving average of $21.50 and a 200-day moving average of $14.09. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -20.01 and a beta of 1.96.

Analyst Ratings Changes

A number of research analysts have issued reports on AAOI shares. Raymond James increased their target price 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. 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. B. Riley lowered their target price on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Finally, Rosenblatt Securities boosted their price objective on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co acquired a new position in shares of Applied Optoelectronics in the first quarter valued at approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Applied Optoelectronics by 272.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 6,787 shares during the last quarter. Pingora Partners LLC purchased a new position in shares of Applied Optoelectronics during the 3rd quarter worth $82,000. FMR LLC boosted its holdings in shares of Applied Optoelectronics by 3,290.6% during the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 5,956 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Applied Optoelectronics in the second quarter valued at $89,000. 61.72% of the stock is currently owned by hedge funds and other institutional investors.

Applied Optoelectronics Company Profile

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.