Applied Optoelectronics, Inc. (NASDAQ:AAOI) CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $45.30, for a total transaction of $58,890.00. Following the transaction, the chief executive officer now directly owns 522,837 shares in the company, valued at approximately $23,684,516.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Chih-Hsiang (Thompson) Lin also recently made the following trade(s):
- On Monday, November 20th, Chih-Hsiang (Thompson) Lin sold 3,600 shares of Applied Optoelectronics stock. The shares were sold at an average price of $45.24, for a total value of $162,864.00.
Shares of Applied Optoelectronics, Inc. (AAOI) traded down $1.56 during midday trading on Monday, hitting $43.48. The company’s stock had a trading volume of 1,672,024 shares, compared to its average volume of 2,653,648. The company has a market capitalization of $858.05, a PE ratio of 10.70, a PEG ratio of 0.62 and a beta of 2.90. Applied Optoelectronics, Inc. has a 12 month low of $21.88 and a 12 month high of $103.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99.
Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.23). The company had revenue of $88.90 million for the quarter, compared to the consensus estimate of $88.53 million. Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. equities analysts forecast that Applied Optoelectronics, Inc. will post 4.28 EPS for the current year.
Several brokerages have commented on AAOI. Northland Securities downgraded Applied Optoelectronics from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $47.00 to $43.00 in a report on Friday, August 4th. BidaskClub upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Raymond James Financial, Inc. reiterated a “strong-buy” rating on shares of Applied Optoelectronics in a report on Tuesday, July 25th. Needham & Company LLC increased their price target on Applied Optoelectronics from $100.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, July 24th. Finally, Cowen and Company reiterated an “outperform” rating and set a $102.00 price target (up previously from $100.00) on shares of Applied Optoelectronics in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and four have assigned a strong buy rating to the stock. Applied Optoelectronics currently has an average rating of “Buy” and a consensus target price of $62.53.
Hedge funds and other institutional investors have recently modified their holdings of the business. Flinton Capital Management LLC bought a new position in shares of Applied Optoelectronics in the second quarter valued at about $115,000. Citigroup Inc. increased its position in Applied Optoelectronics by 96.2% in the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 993 shares during the period. Advisory Services Network LLC acquired a new stake in Applied Optoelectronics in the second quarter worth about $137,000. Pinebridge Investments L.P. acquired a new stake in Applied Optoelectronics in the second quarter worth about $144,000. Finally, PNC Financial Services Group Inc. acquired a new stake in Applied Optoelectronics in the second quarter worth about $149,000. 78.62% of the stock is owned by institutional investors.
Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.
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