Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report) insider Shu-Hua (Joshua) Yeh sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $171.89, for a total transaction of $1,031,340.00. Following the completion of the transaction, the insider owned 394,207 shares in the company, valued at approximately $67,760,241.23. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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.
- On Tuesday, May 19th, Shu-Hua (Joshua) Yeh sold 39,154 shares of Applied Optoelectronics stock. The stock was sold at an average price of $173.26, for a total transaction of $6,783,822.04.
Applied Optoelectronics Price Performance
Applied Optoelectronics stock opened at $161.85 on Friday. The business’s 50 day simple moving average is $169.57 and its 200 day simple moving average is $97.10. Applied Optoelectronics, Inc. has a 12 month low of $18.50 and a 12 month high of $233.67. The company has a market cap of $12.99 billion, a price-to-earnings ratio of -245.23 and a beta of 3.66. The company has a current ratio of 3.83, a quick ratio of 3.03 and a debt-to-equity ratio of 0.18.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. B. Riley Financial raised shares of Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $54.00 price objective on the stock in a report on Friday, February 27th. Raymond James Financial reissued an “outperform” rating on shares of Applied Optoelectronics in a research report on Wednesday, June 10th. Needham & Company LLC upped their price target on shares of Applied Optoelectronics from $43.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Wall Street Zen downgraded shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a report on Monday, April 13th. Finally, Northland Securities reiterated a “market perform” rating and issued a $55.00 price objective on shares of Applied Optoelectronics in a research note on Friday, February 27th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $79.80.
Read Our Latest Research Report on Applied Optoelectronics
Institutional Trading of Applied Optoelectronics
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Shariaportfolio Inc. purchased a new stake in Applied Optoelectronics in the 1st quarter worth approximately $1,855,000. NewEdge Advisors LLC purchased a new position in shares of Applied Optoelectronics during the 1st quarter valued at $723,000. BankChampaign National Association bought a new position in shares of Applied Optoelectronics in the first quarter worth $284,000. Janus Henderson Group PLC increased its holdings in shares of Applied Optoelectronics by 23.2% in the first quarter. Janus Henderson Group PLC now owns 29,755 shares of the semiconductor company’s stock worth $2,518,000 after purchasing an additional 5,600 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Applied Optoelectronics by 23.2% in the first quarter. California State Teachers Retirement System now owns 70,464 shares of the semiconductor company’s stock worth $5,961,000 after buying an additional 13,265 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.
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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