Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report) insider Shu-Hua (Joshua) Yeh sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $147.73, for a total transaction of $886,380.00. Following the transaction, the insider owned 377,498 shares in the company, valued at approximately $55,767,779.54. The trade was a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 4th, Shu-Hua (Joshua) Yeh sold 4,715 shares of Applied Optoelectronics stock. The shares were sold at an average price of $126.50, for a total transaction of $596,447.50.
- On Tuesday, July 21st, Shu-Hua (Joshua) Yeh sold 1,285 shares of Applied Optoelectronics stock. The shares were sold at an average price of $120.02, for a total transaction of $154,225.70.
- On Thursday, June 18th, Shu-Hua (Joshua) Yeh sold 6,000 shares of Applied Optoelectronics stock. The stock was sold at an average price of $171.89, for a total transaction of $1,031,340.00.
- On Friday, June 12th, Shu-Hua (Joshua) Yeh sold 28,826 shares of Applied Optoelectronics stock. The stock was sold at an average price of $166.53, for a total transaction of $4,800,393.78.
- On Thursday, June 4th, Shu-Hua (Joshua) Yeh sold 10,000 shares of Applied Optoelectronics stock. The stock was sold at an average price of $205.07, for a total transaction of $2,050,700.00.
Applied Optoelectronics Price Performance
Shares of NASDAQ AAOI opened at $124.82 on Friday. Applied Optoelectronics, Inc. has a fifty-two week low of $18.50 and a fifty-two week high of $233.67. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of -160.03 and a beta of 3.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.13 and a current ratio of 2.78. The firm’s 50-day simple moving average is $127.73 and its 200 day simple moving average is $124.85.
Analyst Upgrades and Downgrades
AAOI has been the subject of a number of analyst reports. Wall Street Zen raised Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. B. Riley Financial reaffirmed a “neutral” rating on shares of Applied Optoelectronics in a report on Friday, August 7th. Needham & Company LLC reduced their target price on shares of Applied Optoelectronics from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Applied Optoelectronics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Finally, Raymond James Financial reissued an “outperform” rating and set a $178.00 price target on shares of Applied Optoelectronics in a research report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Applied Optoelectronics has a consensus rating of “Hold” and a consensus target price of $139.40.
Read Our Latest Report on AAOI
Institutional Trading of Applied Optoelectronics
Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in shares of Applied Optoelectronics by 23.2% during the 1st quarter. California State Teachers Retirement System now owns 70,464 shares of the semiconductor company’s stock worth $5,961,000 after purchasing an additional 13,265 shares during the period. Handelsbanken Fonder AB bought a new position in Applied Optoelectronics during the second quarter valued at about $7,719,000. Andar Capital Management HK Ltd bought a new position in Applied Optoelectronics during the first quarter valued at about $11,335,000. Assenagon Asset Management S.A. purchased a new stake in Applied Optoelectronics during the first quarter worth about $4,125,000. Finally, Next Century Growth Investors LLC purchased a new stake in Applied Optoelectronics during the fourth quarter worth about $16,220,000. 61.70% of the stock is currently owned by institutional investors.
About Applied Optoelectronics
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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