Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) Insider Sells 20,323 Shares of Stock

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

Applied Optoelectronics Stock Up 7.0 %

Shares of AAOI opened at $37.99 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average price is $19.08 and its two-hundred 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AAOI. Swiss National Bank bought a new position in Applied Optoelectronics in the 1st quarter valued at $1,123,000. Vanguard Group Inc. boosted 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 valued at $27,089,000 after buying an additional 442,277 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new position in Applied Optoelectronics in the 1st quarter valued at $46,000. Truvestments Capital LLC bought a new position in shares of Applied Optoelectronics in the 1st quarter worth $161,000. Finally, Hood River Capital Management LLC boosted its position in shares of Applied Optoelectronics by 6.5% in the 1st quarter. Hood River Capital Management LLC now owns 1,439,404 shares of the semiconductor company’s stock worth $19,950,000 after purchasing an additional 88,281 shares during the last quarter. 61.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AAOI shares. B. Riley Financial reissued a “neutral” rating and issued a $9.00 target price on shares of Applied Optoelectronics in a report on Thursday, August 8th. Rosenblatt Securities increased their price target on Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. B. Riley decreased their price target on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. Finally, Northland Securities increased their price target on Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.70.

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.