Applied Optoelectronics (NASDAQ:AAOI) Insider Sells $126,650.00 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider David Kuo sold 2,533 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $50.00, for a total transaction of $126,650.00. Following the sale, the insider directly owned 129,130 shares of the company’s stock, valued at $6,456,500. The trade was a 1.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Applied Optoelectronics Trading Up 1.1%

NASDAQ AAOI opened at $44.46 on Friday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -13.81 and a beta of 3.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.31 and a quick ratio of 1.63. Applied Optoelectronics, Inc. has a 12 month low of $9.71 and a 12 month high of $50.80. The company’s fifty day moving average price is $37.59 and its two-hundred day moving average price is $30.41.

Institutional Investors Weigh In On Applied Optoelectronics

Several large investors have recently added to or reduced their stakes in AAOI. Comerica Bank lifted its stake in Applied Optoelectronics by 27.6% in the fourth quarter. Comerica Bank now owns 1,386 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 300 shares during the last quarter. AlphaQuest LLC lifted its position in Applied Optoelectronics by 7.9% in the 3rd quarter. AlphaQuest LLC now owns 7,503 shares of the semiconductor company’s stock valued at $195,000 after purchasing an additional 551 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Applied Optoelectronics by 3.6% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 16,073 shares of the semiconductor company’s stock valued at $560,000 after purchasing an additional 556 shares during the last quarter. Allworth Financial LP boosted its stake in Applied Optoelectronics by 1,923.7% during the 4th quarter. Allworth Financial LP now owns 769 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 731 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Applied Optoelectronics by 166.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,200 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 750 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAOI has been the topic of a number of research analyst reports. B. Riley Financial reaffirmed a “sell” rating and set a $15.00 target price on shares of Applied Optoelectronics in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Optoelectronics in a research report on Wednesday, January 21st. Needham & Company LLC lifted their price objective on shares of Applied Optoelectronics from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Northland Securities set a $45.00 target price on shares of Applied Optoelectronics in a research note on Thursday, December 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $50.00 price target on shares of Applied Optoelectronics in a research report on Friday, December 19th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.60.

About Applied Optoelectronics

Applied Optoelectronics, Inc develops and manufactures high-speed fiber-optic networking products designed to support the growing bandwidth demands of data centers, telecommunications carriers and internet content providers. The company’s core offerings include pluggable optical transceiver modules, transponders and optical components that enable data transmission at rates ranging from 1G to 400G. These products are used to facilitate long-haul, metro and intra-data center connectivity, addressing the need for scalable, low-latency and energy-efficient solutions in modern network infrastructures.

The company’s product portfolio spans small-form factor pluggable modules such as SFP+, QSFP+ and QSFP28 units, as well as more advanced form factors like CFP2 and OSFP for ultra-high-speed applications.