Applied Optoelectronics, Inc. (AAOI) Insider Chih-Hsiang (Thompson) Lin Sells 3,600 Shares of Stock
Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider Chih-Hsiang (Thompson) Lin sold 3,600 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $162,864.00. Following the completion of the transaction, the insider now directly owns 522,837 shares of the company’s stock, valued at approximately $23,653,145.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Chih-Hsiang (Thompson) Lin also recently made the following trade(s):
- On Thursday, November 16th, Chih-Hsiang (Thompson) Lin sold 1,300 shares of Applied Optoelectronics stock. The stock was sold at an average price of $45.30, for a total value of $58,890.00.
Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) opened at $43.48 on Tuesday. The stock has a market capitalization of $842.74, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.62 and a beta of 2.90. Applied Optoelectronics, Inc. has a 52 week low of $21.88 and a 52 week high of $103.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99.
Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.23). The company had revenue of $88.90 million for the quarter, compared to the consensus estimate of $88.53 million. Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The company’s revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. equities research analysts anticipate that Applied Optoelectronics, Inc. will post 4.28 earnings per share for the current year.
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A number of equities analysts have weighed in on the company. Needham & Company LLC decreased their target price on Applied Optoelectronics from $115.00 to $75.00 and set a “strong-buy” rating for the company in a research report on Friday, October 13th. Vetr raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating and set a $76.81 target price for the company in a research report on Wednesday, August 9th. BWS Financial reissued a “sell” rating and issued a $25.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 31st. DA Davidson set a $103.00 price target on Applied Optoelectronics and gave the company a “buy” rating in a research note on Saturday, August 5th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $63.00 price target on shares of Applied Optoelectronics in a research note on Friday, October 13th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and four have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $62.53.
Several large investors have recently made changes to their positions in the stock. Alps Advisors Inc. grew its stake in shares of Applied Optoelectronics by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,937 shares of the semiconductor company’s stock valued at $614,000 after acquiring an additional 26 shares during the period. Legal & General Group Plc grew its stake in shares of Applied Optoelectronics by 3.6% during the 1st quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock valued at $248,000 after acquiring an additional 153 shares during the period. DORCHESTER WEALTH MANAGEMENT Co grew its stake in shares of Applied Optoelectronics by 7.9% during the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,100 shares of the semiconductor company’s stock valued at $253,000 after acquiring an additional 300 shares during the period. Nationwide Fund Advisors grew its stake in shares of Applied Optoelectronics by 3.2% during the 2nd quarter. Nationwide Fund Advisors now owns 10,909 shares of the semiconductor company’s stock valued at $674,000 after acquiring an additional 343 shares during the period. Finally, Carnegie Capital Asset Management LLC grew its stake in shares of Applied Optoelectronics by 4.3% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 8,920 shares of the semiconductor company’s stock valued at $834,000 after acquiring an additional 370 shares during the period. Institutional investors own 78.62% of the company’s stock.
About Applied Optoelectronics
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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