Applied Optoelectronics, Inc. (AAOI) Director Alan D. Moore Purchases 22,400 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Alan D. Moore purchased 22,400 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $44.60 per share, for a total transaction of $999,040.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) traded down $0.72 during trading on Tuesday, reaching $44.58. 2,424,100 shares of the company traded hands, compared to its average volume of 2,682,083. Applied Optoelectronics, Inc. has a 52-week low of $21.88 and a 52-week high of $103.41. The firm has a market capitalization of $878.01, a PE ratio of 10.76, a P/E/G ratio of 0.63 and a beta of 2.90. The company has a current ratio of 2.99, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.23). Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The firm had revenue of $88.90 million for the quarter, compared to analyst estimates of $88.53 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. Applied Optoelectronics’s revenue for the quarter was up 26.8% on a year-over-year basis. research analysts anticipate that Applied Optoelectronics, Inc. will post 4.2 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in AAOI. Alliancebernstein L.P. increased its position in shares of Applied Optoelectronics by 29.6% during the first quarter. Alliancebernstein L.P. now owns 17,500 shares of the semiconductor company’s stock valued at $983,000 after acquiring an additional 4,000 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Applied Optoelectronics by 2.3% during the first quarter. Teachers Advisors LLC now owns 29,403 shares of the semiconductor company’s stock valued at $1,651,000 after acquiring an additional 668 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Applied Optoelectronics by 55.6% during the first quarter. TIAA CREF Investment Management LLC now owns 73,090 shares of the semiconductor company’s stock valued at $4,104,000 after acquiring an additional 26,104 shares during the last quarter. Legal & General Group Plc increased its position in shares of Applied Optoelectronics by 3.6% during the first 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 last quarter. Finally, Vanguard Group Inc. increased its position in shares of Applied Optoelectronics by 7.7% during the first quarter. Vanguard Group Inc. now owns 636,472 shares of the semiconductor company’s stock valued at $35,737,000 after acquiring an additional 45,353 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Several research firms have recently weighed in on AAOI. ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Roth Capital reissued a “buy” rating and issued a $90.00 price target on shares of Applied Optoelectronics in a research note on Thursday, August 10th. Cowen and Company reissued an “outperform” rating and issued a $102.00 price target (up from $100.00) on shares of Applied Optoelectronics in a research note on Wednesday, August 9th. Needham & Company LLC decreased their price target on shares of Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, November 8th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $51.00 price target on shares of Applied Optoelectronics in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and four have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.53.

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.

Insider Buying and Selling by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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