Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry Sells 5,000 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $31.56, for a total value of $157,800.00. Following the completion of the sale, the chief financial officer now owns 216,129 shares of the company’s stock, valued at $6,821,031.24. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Applied Optoelectronics Price Performance

NASDAQ:AAOI opened at $37.99 on Friday. The business’s 50-day moving average price is $19.08 and its 200 day moving average price is $13.15. Applied Optoelectronics, Inc. has a 52-week low of $6.70 and a 52-week high of $38.94. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Raymond James boosted 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. 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 note on Wednesday, August 7th. B. Riley Financial restated a “neutral” rating and set a $9.00 price objective on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Rosenblatt Securities upped their price objective on Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.70.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Westfield Capital Management Co. LP purchased a new position in Applied Optoelectronics in the 3rd quarter worth about $19,019,000. Whale Rock Capital Management LLC purchased a new position in Applied Optoelectronics in the 3rd quarter worth about $16,145,000. Shellback Capital LP purchased a new position in Applied Optoelectronics in the 2nd quarter worth about $8,617,000. Royce & Associates LP increased its stake 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 purchasing an additional 515,489 shares in the last quarter. Finally, JAT Capital Mgmt LP purchased a new position in Applied Optoelectronics in the 3rd quarter worth about $6,470,000. 61.72% of the stock is owned by institutional investors and hedge funds.

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.