Stefan J. Murry Sells 2,000 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) CFO Stefan J. Murry sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $10.95, for a total transaction of $21,900.00. Following the sale, the chief financial officer now directly owns 235,977 shares in the company, valued at approximately $2,583,948.15. This represents a 0.84 % 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

AAOI stock traded up $0.73 during trading on Wednesday, hitting $11.68. 4,686,469 shares of the company traded hands, compared to its average volume of 3,133,433. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $44.50. The company has a market cap of $582.01 million, a PE ratio of -5.67 and a beta of 2.57. The stock's 50-day simple moving average is $17.36 and its 200 day simple moving average is $24.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last posted its earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Applied Optoelectronics had a negative net margin of 38.61% and a negative return on equity of 22.36%. The firm had revenue of $100.27 million for the quarter, compared to analysts' expectations of $99.92 million. On average, equities analysts expect that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Applied Optoelectronics

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Applied Optoelectronics by 11.0% in the 4th quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company's stock valued at $89,548,000 after acquiring an additional 241,594 shares during the period. Virtu Financial LLC acquired a new stake in shares of Applied Optoelectronics in the third quarter valued at about $353,000. Emerald Advisers LLC increased its stake in shares of Applied Optoelectronics by 15.3% during the fourth quarter. Emerald Advisers LLC now owns 606,997 shares of the semiconductor company's stock worth $22,374,000 after purchasing an additional 80,539 shares in the last quarter. Affinity Wealth Management LLC acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth about $7,965,000. Finally, State Street Corp lifted its stake in Applied Optoelectronics by 27.7% in the 3rd quarter. State Street Corp now owns 887,259 shares of the semiconductor company's stock valued at $12,697,000 after buying an additional 192,308 shares in the last quarter. Hedge funds and other institutional investors own 61.72% of the company's stock.

Wall Street Analysts Forecast Growth

AAOI has been the subject of a number of research reports. B. Riley raised Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 price target for the company in a research report on Friday, March 7th. Raymond James decreased their target price on Applied Optoelectronics from $31.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, April 14th. StockNews.com upgraded shares of Applied Optoelectronics to a "sell" rating in a report on Wednesday, February 26th. Finally, Rosenblatt Securities decreased their price objective on shares of Applied Optoelectronics from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $22.40.

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.