5 hours Ago By ABMN Staff
Northland Securities restated their outperform rating on shares of Applied Optoelectronics ( NASDAQ:AAOI – Free Report ) in a research note released on Wednesday morning, Benzinga reports. Northland Securities currently has a $40.00 price objective on the semiconductor company’s stock, up from their previous price objective of $25.
00. Several other equities research analysts have also recently commented on AAOI. Raymond James boosted their target price on Applied Optoelectronics from $17.
00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. StockNews.
com raised Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. B. Riley downgraded shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.
00 price target for the company. in a report on Tuesday, December 10th. Finally, Rosenblatt Securities lifted their price objective on shares of Applied Optoelectronics from $27.
50 to $44.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock.
Based on data from MarketBeat, Applied Optoelectronics currently has a consensus rating of “Hold” and an average price target of $29.20. Check Out Our Latest Research Report on AAOI Applied Optoelectronics Stock Performance Insider Buying and Selling In other Applied Optoelectronics news, insider David C.
Kuo sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $15.02, for a total value of $150,200.
00. Following the transaction, the insider now directly owns 132,921 shares of the company’s stock, valued at $1,996,473.42.
This represents a 7.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, insider Hung-Lun (Fred) Chang sold 20,323 shares of Applied Optoelectronics stock in a transaction that occurred on 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 owns 195,572 shares of the company’s stock, valued at $5,935,610.20.
This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last quarter, insiders have sold 96,769 shares of company stock valued at $3,165,737. 5.40% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Applied Optoelectronics A number of institutional investors have recently modified their holdings of AAOI. Bank of New York Mellon Corp acquired a new stake in shares of Applied Optoelectronics in the second quarter valued at about $956,000. Summit Securities Group LLC bought a new position in Applied Optoelectronics in the 2nd quarter worth approximately $109,000.
Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Applied Optoelectronics by 272.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock worth $77,000 after buying an additional 6,787 shares during the last quarter.
Rhumbline Advisers acquired a new position in shares of Applied Optoelectronics during the second quarter worth approximately $449,000. Finally, Acuitas Investments LLC boosted its position in shares of Applied Optoelectronics by 38.4% in the second quarter.
Acuitas Investments LLC now owns 331,221 shares of the semiconductor company’s stock valued at $2,746,000 after acquiring an additional 91,885 shares during the period. Institutional investors own 61.72% of the company’s stock.
About Applied Optoelectronics ( Get Free Report ) 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. See Also Receive News & Ratings for Applied Optoelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics and related companies with MarketBeat.
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