Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report) insider Hung-Lun (Fred) Chang sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $200.07, for a total transaction of $800,280.00. Following the sale, the insider owned 387,750 shares in the company, valued at $77,577,142.50. The trade was a 1.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Hung-Lun (Fred) Chang also recently made the following trade(s):
- On Tuesday, May 19th, Hung-Lun (Fred) Chang sold 33,630 shares of Applied Optoelectronics stock. The shares were sold at an average price of $173.26, for a total transaction of $5,826,733.80.
- On Monday, March 16th, Hung-Lun (Fred) Chang sold 36,400 shares of Applied Optoelectronics stock. The shares were sold at an average price of $100.25, for a total transaction of $3,649,100.00.
Applied Optoelectronics Price Performance
Shares of Applied Optoelectronics stock traded up $19.64 on Monday, reaching $196.64. The stock had a trading volume of 14,835,834 shares, compared to its average volume of 10,176,724. Applied Optoelectronics, Inc. has a 1 year low of $15.29 and a 1 year high of $233.67. The company has a market cap of $15.78 billion, a P/E ratio of -297.94 and a beta of 3.67. The company has a current ratio of 3.83, a quick ratio of 3.03 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $155.32 and its two-hundred day moving average is $87.04.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on AAOI shares. Rosenblatt Securities reissued a “buy” rating and issued a $50.00 price target on shares of Applied Optoelectronics in a report on Thursday, February 19th. Northland Securities reissued a “market perform” rating and issued a $55.00 price target on shares of Applied Optoelectronics in a report on Friday, February 27th. B. Riley Financial raised shares of Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $54.00 price target on the stock in a report on Friday, February 27th. Raymond James Financial reissued an “outperform” rating and issued a $160.00 price target on shares of Applied Optoelectronics in a report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a report on Monday, April 13th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Applied Optoelectronics has a consensus rating of “Hold” and an average target price of $79.80.
View Our Latest Report on Applied Optoelectronics
Institutional Investors Weigh In On Applied Optoelectronics
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its stake in Applied Optoelectronics by 1.4% in the first quarter. Geneos Wealth Management Inc. now owns 18,072 shares of the semiconductor company’s stock valued at $1,529,000 after purchasing an additional 243 shares in the last quarter. Comerica Bank raised its stake in Applied Optoelectronics by 27.6% in the fourth quarter. Comerica Bank now owns 1,386 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 300 shares in the last quarter. AlphaQuest LLC raised its stake in Applied Optoelectronics by 7.9% in the third quarter. AlphaQuest LLC now owns 7,503 shares of the semiconductor company’s stock valued at $195,000 after purchasing an additional 551 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in Applied Optoelectronics by 3.6% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 16,073 shares of the semiconductor company’s stock valued at $560,000 after purchasing an additional 556 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Applied Optoelectronics by 1,923.7% in the fourth quarter. Allworth Financial LP now owns 769 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 731 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.
Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc develops and manufactures high-speed fiber-optic networking products designed to support the growing bandwidth demands of data centers, telecommunications carriers and internet content providers. The company’s core offerings include pluggable optical transceiver modules, transponders and optical components that enable data transmission at rates ranging from 1G to 400G. These products are used to facilitate long-haul, metro and intra-data center connectivity, addressing the need for scalable, low-latency and energy-efficient solutions in modern network infrastructures.
The company’s product portfolio spans small-form factor pluggable modules such as SFP+, QSFP+ and QSFP28 units, as well as more advanced form factors like CFP2 and OSFP for ultra-high-speed applications.
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