Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Sells $493,070.76 in Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Elizabeth G. Loboa sold 13,494 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $36.54, for a total value of $493,070.76. Following the completion of the sale, the director now owns 124,500 shares of the company’s stock, valued at approximately $4,549,230. This represents a 9.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Applied Optoelectronics Price Performance

Shares of NASDAQ AAOI opened at $37.99 on Monday. Applied Optoelectronics, Inc. has a twelve month low of $6.70 and a twelve month high of $38.94. The stock’s 50 day moving average price is $19.08 and its 200-day moving average price is $13.17. The company has a market capitalization of $1.71 billion, a PE ratio of -18.44 and a beta of 1.96. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36.

Analyst Ratings Changes

Several brokerages have recently commented on AAOI. B. Riley reduced their target price 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. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Raymond James lifted their price target on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Rosenblatt Securities lifted their price target on Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, B. Riley Financial reiterated a “neutral” rating and set a $9.00 price target on shares of Applied Optoelectronics in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.70.

Hedge Funds Weigh In On Applied Optoelectronics

A number of hedge funds and other institutional investors have recently modified their holdings of AAOI. Swiss National Bank purchased a new position in shares of Applied Optoelectronics in the 1st quarter worth approximately $1,123,000. Vanguard Group Inc. boosted its stake in shares of 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. CANADA LIFE ASSURANCE Co purchased a new position in shares of Applied Optoelectronics in the 1st quarter worth approximately $46,000. Truvestments Capital LLC bought a new stake in shares of Applied Optoelectronics in the 1st quarter worth approximately $161,000. Finally, Hood River Capital Management LLC raised its holdings 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 period. Hedge funds and other institutional investors own 61.72% of the company’s stock.

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.