Hung-Lun (Fred) Chang Sells 20,323 Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider Hung-Lun (Fred) Chang sold 20,323 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $30.35, for a total transaction of $616,803.05. Following the completion of the sale, the insider now directly owns 195,572 shares of the company’s stock, valued at $5,935,610.20. This represents a 9.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Applied Optoelectronics Trading Up 7.0 %

Shares of NASDAQ AAOI opened at $37.99 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.71 billion, a PE ratio of -18.44 and a beta of 1.96. Applied Optoelectronics, Inc. has a twelve month low of $6.70 and a twelve month high of $38.94. The stock has a fifty day simple moving average of $19.08 and a 200-day simple moving average of $13.16.

Analyst Upgrades and Downgrades

AAOI has been the topic of several recent analyst reports. Rosenblatt Securities boosted their target price on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a report on Friday, November 8th. B. Riley lowered their price objective on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. B. Riley Financial restated a “neutral” rating and issued a $9.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 8th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a report on Friday, October 25th. Finally, Raymond James boosted their price objective on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.70.

Hedge Funds Weigh In On Applied Optoelectronics

Several institutional investors have recently bought and sold shares of AAOI. The Manufacturers Life Insurance Company lifted its position in shares of Applied Optoelectronics by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 483 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Applied Optoelectronics by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company’s stock worth $1,557,000 after buying an additional 3,081 shares in the last quarter. Truvestments Capital LLC boosted its position in Applied Optoelectronics by 24.3% in the 3rd quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 3,097 shares during the period. CANADA LIFE ASSURANCE Co acquired a new position in shares of Applied Optoelectronics in the first quarter worth $46,000. Finally, Pingora Partners LLC purchased a new stake in shares of Applied Optoelectronics during the third quarter worth $82,000. 61.72% of the stock is owned by institutional investors and hedge funds.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.