Applied Optoelectronics, Inc. (NASDAQ:AAOI) saw unusually large options trading activity on Monday. Stock traders bought 640 put options on the stock. This represents an increase of approximately 106% compared to the average daily volume of 310 put options.

Several brokerages recently commented on AAOI. Vetr upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating and set a $76.81 price objective for the company in a research note on Wednesday, August 9th. BidaskClub cut shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Cowen and Company raised their price objective on shares of Applied Optoelectronics from $75.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. BWS Financial reiterated a “sell” rating and issued a $25.00 price objective on shares of Applied Optoelectronics in a research note on Thursday, August 31st. Finally, Needham & Company LLC raised their price objective on shares of Applied Optoelectronics from $85.00 to $100.00 and gave the company a “strong-buy” rating in a research note on Friday, July 14th. Three research analysts have rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $76.98.

In related news, insider Hung-Lun (Fred) Chang sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $60.11, for a total value of $601,100.00. Following the completion of the sale, the insider now owns 48,721 shares in the company, valued at $2,928,619.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stefan J. Murry sold 3,050 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $70.21, for a total transaction of $214,140.50. Following the completion of the sale, the chief financial officer now owns 57,540 shares of the company’s stock, valued at approximately $4,039,883.40. The disclosure for this sale can be found here. Insiders sold a total of 37,633 shares of company stock valued at $3,015,105 in the last 90 days. Company insiders own 8.19% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC increased its holdings in Applied Optoelectronics by 20.5% in the second quarter. Lord Abbett & CO. LLC now owns 213,020 shares of the semiconductor company’s stock worth $13,163,000 after buying an additional 36,182 shares during the last quarter. Navellier & Associates Inc acquired a new position in Applied Optoelectronics in the second quarter worth approximately $1,288,000. Advisory Services Network LLC acquired a new position in Applied Optoelectronics in the second quarter worth approximately $137,000. Public Employees Retirement System of Ohio increased its holdings in Applied Optoelectronics by 132.5% in the second quarter. Public Employees Retirement System of Ohio now owns 123,224 shares of the semiconductor company’s stock worth $7,614,000 after buying an additional 70,224 shares during the last quarter. Finally, Sterneck Capital Management LLC acquired a new position in Applied Optoelectronics in the second quarter worth approximately $247,000. Hedge funds and other institutional investors own 81.70% of the company’s stock.

Applied Optoelectronics (AAOI) opened at 58.06 on Thursday. The firm has a market cap of $1.12 billion, a PE ratio of 13.79 and a beta of 3.06. The firm’s 50-day moving average is $74.48 and its 200-day moving average is $61.88. Applied Optoelectronics has a 12 month low of $18.70 and a 12 month high of $103.41.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.28. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The firm had revenue of $117.40 million for the quarter, compared to the consensus estimate of $117.34 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 112.3% on a year-over-year basis. Equities analysts expect that Applied Optoelectronics will post $5.38 earnings per share for the current year.

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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.

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