Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report) insider Shu-Hua Yeh sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $120.03, for a total value of $720,180.00. Following the completion of the transaction, the insider owned 371,498 shares in the company, valued at $44,590,904.94. This represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Shu-Hua (Joshua) Yeh also recently made the following trade(s):
- On Tuesday, August 18th, Shu-Hua Yeh sold 6,000 shares of Applied Optoelectronics stock. The stock was sold at an average price of $147.73, for a total value of $886,380.00.
- On Tuesday, August 4th, Shu-Hua Yeh sold 4,715 shares of Applied Optoelectronics stock. The stock was sold at an average price of $126.50, for a total value of $596,447.50.
- On Tuesday, July 21st, Shu-Hua Yeh sold 1,285 shares of Applied Optoelectronics stock. The shares were sold at an average price of $120.02, for a total value of $154,225.70.
Applied Optoelectronics Trading Down 5.9%
Shares of Applied Optoelectronics stock traded down $7.62 during trading hours on Wednesday, hitting $122.54. The company’s stock had a trading volume of 10,537,164 shares, compared to its average volume of 10,241,971. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of -157.10 and a beta of 3.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.13 and a current ratio of 2.78. Applied Optoelectronics, Inc. has a twelve month low of $18.50 and a twelve month high of $233.67. The firm has a fifty day moving average of $112.57 and a 200-day moving average of $133.32.
Analyst Ratings Changes
A number of equities analysts recently weighed in on AAOI shares. Wall Street Zen raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Raymond James Financial restated an “outperform” rating and set a $178.00 price target on shares of Applied Optoelectronics in a research note on Tuesday, August 11th. Rosenblatt Securities restated a “buy” rating and set a $220.00 price target on shares of Applied Optoelectronics in a research report on Friday, August 7th. Weiss Ratings lowered Applied Optoelectronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 17th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Applied Optoelectronics in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Applied Optoelectronics presently has an average rating of “Hold” and a consensus target price of $139.40.
View Our Latest Stock Analysis on Applied Optoelectronics
Hedge Funds Weigh In On Applied Optoelectronics
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAOI. Polaris Financial Partners purchased a new stake in shares of Applied Optoelectronics during the third quarter worth $26,000. EFG International AG purchased a new position in Applied Optoelectronics in the second quarter valued at $44,000. Persistent Asset Partners Ltd acquired a new position in Applied Optoelectronics during the 2nd quarter worth $47,000. Fiduciary Financial Advisors purchased a new stake in Applied Optoelectronics during the 2nd quarter worth about $48,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Applied Optoelectronics during the 2nd quarter worth about $58,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.
Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc (NASDAQ: AAOI) develops and manufactures fiber-optic networking products used to transmit data across broadband, data center, telecommunications and wireless networks. Its portfolio includes optical transceivers, modules, lasers, components and networking equipment designed for high-speed communications infrastructure.
The company serves communications service providers, cable television and broadband operators, internet content providers, data center operators and telecommunications customers.
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