Key Points
- Insider sale: Hung-Lun Chang sold 32,172 Applied Optoelectronics shares for approximately $3.55 million at an average price of $110.21, reducing his position by 11.43% to 249,276 shares.
- Stock performance and results: AAOI opened at $103.29, down 4.3%, while its latest quarterly earnings of $0.06 per share exceeded estimates and revenue rose 86.3% year over year to $191.92 million.
- Analyst outlook: Analysts have a consensus “Hold” rating and an average price target of $139.40, with three Buy, two Hold and one Sell rating.
Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) CFO Stefan Murry sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $105.33, for a total transaction of $421,320.00. Following the completion of the transaction, the chief financial officer directly owned 367,168 shares of the company's stock, valued at $38,673,805.44. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Applied Optoelectronics Stock Down 4.3%
AAOI stock opened at $103.29 on Friday. The firm has a 50 day moving average of $114.74 and a 200 day moving average of $131.55. The stock has a market capitalization of $8.74 billion, a PE ratio of -132.42 and a beta of 3.79. The company has a quick ratio of 2.13, a current ratio of 2.78 and a debt-to-equity ratio of 0.12. Applied Optoelectronics, Inc. has a 52 week low of $18.50 and a 52 week high of $233.67.
Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its earnings results on Thursday, August 6th. The semiconductor company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Applied Optoelectronics had a negative net margin of 9.57% and a negative return on equity of 1.98%. The company had revenue of $191.92 million for the quarter, compared to the consensus estimate of $190.48 million. During the same quarter in the previous year, the firm earned ($0.16) EPS. Applied Optoelectronics's revenue was up 86.3% compared to the same quarter last year. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. Sell-side analysts forecast that Applied Optoelectronics, Inc. will post 0.55 earnings per share for the current year.
Institutional Trading of Applied Optoelectronics
Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of Applied Optoelectronics by 1,923.7% during the fourth quarter. Allworth Financial LP now owns 769 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 731 shares during the last quarter. Comerica Bank acquired a new position in Applied Optoelectronics during the third quarter valued at $28,000. Northwestern Mutual Wealth Management Co. lifted its position in Applied Optoelectronics by 166.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,200 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 750 shares during the period. EFG International AG purchased a new stake in Applied Optoelectronics in the second quarter valued at $44,000. Finally, Persistent Asset Partners Ltd purchased a new stake in Applied Optoelectronics in the second quarter valued at $47,000. Institutional investors and hedge funds own 61.70% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Rosenblatt Securities restated a "buy" rating and issued a $220.00 target price on shares of Applied Optoelectronics in a research note on Friday, August 7th. Raymond James Financial reiterated an "outperform" rating and set a $178.00 price target on shares of Applied Optoelectronics in a research note on Tuesday, August 11th. Needham & Company LLC cut their price objective on Applied Optoelectronics from $220.00 to $190.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Weiss Ratings cut Applied Optoelectronics from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, August 17th. Finally, Wall Street Zen raised Applied Optoelectronics from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $139.40.
Read Our Latest Analysis on AAOI
Applied Optoelectronics Company Profile
(
Get Free Report)
Applied Optoelectronics, Inc develops and manufactures fiber-optic networking products and components. Its offerings include optical transceivers, transponders, modules and related equipment used to transmit data over fiber-optic networks.
The company serves several communications markets, including data centers, telecommunications, broadband access and cable television. Its products support applications such as high-speed data transmission, cloud computing, network infrastructure and fiber-based broadband services.
Founded in 1997 and headquartered in Sugar Land, Texas, Applied Optoelectronics serves customers in North America, Asia and other international markets.
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