Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry Sells 4,000 Shares of Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Stefan J. Murry sold 4,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the completion of the sale, the chief financial officer now directly owns 212,129 shares in the company, valued at $6,728,731.88. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Applied Optoelectronics Stock Performance

NASDAQ AAOI opened at $31.03 on Friday. The business’s 50-day moving average price is $34.54 and its 200 day moving average price is $20.12. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. Applied Optoelectronics, Inc. has a twelve month low of $6.70 and a twelve month high of $44.50. The company has a market capitalization of $1.45 billion, a PE ratio of -15.06 and a beta of 2.39.

Analyst Ratings Changes

A number of equities research analysts recently commented on AAOI shares. B. Riley cut shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, December 10th. Raymond James increased their price target on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research report on Friday, January 3rd. Rosenblatt Securities upped their target price on Applied Optoelectronics from $27.50 to $44.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Northland Securities reissued an “outperform” rating and set a $40.00 price target (up previously from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.20.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AAOI. AQR Capital Management LLC grew its holdings in Applied Optoelectronics by 90.7% in the second quarter. AQR Capital Management LLC now owns 75,981 shares of the semiconductor company’s stock valued at $630,000 after purchasing an additional 36,138 shares during the period. XTX Topco Ltd acquired a new position in shares of Applied Optoelectronics in the 3rd quarter valued at $1,109,000. Harbor Capital Advisors Inc. acquired a new position in shares of Applied Optoelectronics in the 3rd quarter valued at $1,319,000. Westfield Capital Management Co. LP purchased a new stake in shares of Applied Optoelectronics during the 3rd quarter valued at $19,019,000. Finally, Virtu Financial LLC acquired a new stake in shares of Applied Optoelectronics during the 3rd quarter worth $353,000. 61.72% of the stock is currently owned by hedge funds and other institutional investors.

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.