Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) CFO Sells 2,000 Shares of Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) CFO Stefan J. Murry sold 2,000 shares of Applied Optoelectronics stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $16.05, for a total transaction of $32,100.00. Following the completion of the sale, the chief financial officer now owns 321,036 shares of the company's stock, valued at $5,152,627.80. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Applied Optoelectronics Stock Performance

Shares of NASDAQ:AAOI traded down $0.31 during trading on Tuesday, reaching $16.78. The stock had a trading volume of 4,191,607 shares, compared to its average volume of 3,446,539. Applied Optoelectronics, Inc. has a 52 week low of $6.70 and a 52 week high of $44.50. The firm has a market capitalization of $931.96 million, a price-to-earnings ratio of -4.35 and a beta of 2.64. The company has a quick ratio of 1.34, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $15.15 and a two-hundred day simple moving average of $23.02.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The semiconductor company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. Applied Optoelectronics had a negative net margin of 55.98% and a negative return on equity of 15.40%. The company had revenue of $99.86 million for the quarter, compared to analyst estimates of $99.37 million. During the same quarter last year, the firm posted ($0.31) earnings per share. The company's quarterly revenue was up 145.5% compared to the same quarter last year. As a group, analysts anticipate that Applied Optoelectronics, Inc. will post -1.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Applied Optoelectronics

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Applied Optoelectronics by 1.1% in the first quarter. Rhumbline Advisers now owns 61,017 shares of the semiconductor company's stock valued at $937,000 after purchasing an additional 669 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Applied Optoelectronics by 10.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,579 shares of the semiconductor company's stock worth $393,000 after acquiring an additional 2,415 shares during the period. Alyeska Investment Group L.P. bought a new position in Applied Optoelectronics during the first quarter worth $7,455,000. Twin Tree Management LP increased its position in Applied Optoelectronics by 15,573.4% during the first quarter. Twin Tree Management LP now owns 10,031 shares of the semiconductor company's stock worth $154,000 after acquiring an additional 9,967 shares during the period. Finally, State of Wyoming bought a new position in Applied Optoelectronics during the first quarter worth $77,000. Institutional investors own 61.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on AAOI shares. Northland Securities lifted their target price on shares of Applied Optoelectronics to $50.00 and gave the company a "buy" rating in a research note on Friday. Rosenblatt Securities lifted their target price on shares of Applied Optoelectronics to $30.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wall Street Zen cut shares of Applied Optoelectronics from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Raymond James Financial reduced their target price on shares of Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, B. Riley upgraded shares of Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 target price for the company in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $24.00.

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.

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