Chih-Hsiang (Thompson) Lin Sells 1,300 Shares of Applied Optoelectronics, Inc. (AAOI) Stock

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.

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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.

Insider Buying and Selling by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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