Shu-Hua (Joshua) Yeh Sells 4,715 Shares of Applied Optoelectronics (NASDAQ:AAOI) Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) insider Shu-Hua (Joshua) Yeh sold 4,715 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $126.50, for a total transaction of $596,447.50. Following the completion of the sale, the insider owned 383,498 shares of the company’s stock, valued at $48,512,497. This trade represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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, July 21st, Shu-Hua (Joshua) Yeh sold 1,285 shares of Applied Optoelectronics stock. The stock was 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 shares were 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 shares were 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 value 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 value of $6,783,822.04.

Applied Optoelectronics Stock Performance

AAOI opened at $128.56 on Thursday. Applied Optoelectronics, Inc. has a 1-year low of $18.50 and a 1-year high of $233.67. The stock has a market cap of $10.32 billion, a P/E ratio of -194.79 and a beta of 3.76. The stock’s 50 day simple moving average is $138.69 and its 200 day simple moving average is $117.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.83 and a quick ratio of 3.03.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $151.14 million for the quarter, compared to analyst estimates of $156.98 million. Applied Optoelectronics had a negative return on equity of 4.64% and a negative net margin of 8.55%.The business’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) earnings per share. As a group, equities analysts anticipate that Applied Optoelectronics, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AAOI shares. Wall Street Zen downgraded shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a report on Monday, April 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Optoelectronics in a research note on Tuesday, July 7th. Raymond James Financial restated an “outperform” rating on shares of Applied Optoelectronics in a research report on Wednesday, June 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 target price on shares of Applied Optoelectronics in a research note on Monday, June 22nd. Finally, Needham & Company LLC dropped their price target on Applied Optoelectronics from $260.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.80.

Institutional Investors Weigh In On Applied Optoelectronics

A number of hedge funds and other institutional investors have recently modified their holdings of AAOI. Allworth Financial LP boosted its position in 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 acquiring an additional 731 shares during the last quarter. Comerica Bank acquired a new position in Applied Optoelectronics in the 3rd quarter valued at $28,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Applied Optoelectronics by 166.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,200 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 750 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Applied Optoelectronics during the 4th quarter worth $55,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Applied Optoelectronics during the second quarter worth $57,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Applied Optoelectronics Company Profile

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.