Applied Optoelectronics, Inc. (NASDAQ:AAOI) Insider Hung-Lun (Fred) Chang Sells 20,323 Shares of Stock

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

Applied Optoelectronics Trading Up 7.0 %

Applied Optoelectronics stock opened at $37.99 on Friday. The business has a 50 day moving average price of $19.08 and a two-hundred day moving average price of $13.15. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. Applied Optoelectronics, Inc. has a 12 month low of $6.70 and a 12 month high of $38.94.

Analysts Set New Price Targets

AAOI has been the subject of several recent analyst reports. Rosenblatt Securities upped their price target on Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research note on Friday, November 8th. B. Riley Financial reissued a “neutral” rating and set a $9.00 price objective on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Northland Securities boosted their price objective on Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. B. Riley cut their price objective on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Raymond James boosted their price objective on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Applied Optoelectronics currently has a consensus rating of “Hold” and a consensus price target of $18.70.

Hedge Funds Weigh In On Applied Optoelectronics

Several large investors have recently added to or reduced their stakes in AAOI. CANADA LIFE ASSURANCE Co acquired a new position in Applied Optoelectronics in the 1st quarter valued at approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Applied Optoelectronics by 272.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 6,787 shares in the last quarter. Pingora Partners LLC acquired a new position in Applied Optoelectronics in the 3rd quarter valued at approximately $82,000. FMR LLC raised its holdings in Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 5,956 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Applied Optoelectronics in the 2nd quarter valued at approximately $89,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

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.