Applied Optoelectronics, Inc. (NASDAQ:AAOI) CEO Chih-Hsiang (Thompson) Lin Acquires 15,000 Shares of Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) CEO Chih-Hsiang (Thompson) Lin acquired 15,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of $9.79 per share, for a total transaction of $146,850.00. Following the transaction, the chief executive officer now owns 1,252,471 shares of the company’s stock, valued at $12,261,691.09. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Chih-Hsiang (Thompson) Lin also recently made the following trade(s):

• On Friday, August 11th, Chih-Hsiang (Thompson) Lin acquired 15,802 shares of Applied Optoelectronics stock. The stock was acquired at an average cost of $12.60 per share, for a total transaction of $199,105.20.

Applied Optoelectronics Stock Up 7.0 %

Shares of Applied Optoelectronics stock opened at $9.76 on Friday. The business has a fifty day simple moving average of $11.06 and a two-hundred day simple moving average of $5.64. Applied Optoelectronics, Inc. has a 1 year low of $1.60 and a 1 year high of $16.26.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.01. Applied Optoelectronics had a negative net margin of 32.46% and a negative return on equity of 20.08%. The company had revenue of $41.62 million during the quarter, compared to analysts’ expectations of $45.43 million. Sell-side analysts predict that Applied Optoelectronics, Inc. will post -0.8 EPS for the current year.

Hedge Funds Weigh In On Applied Optoelectronics

Several institutional investors and hedge funds have recently made changes to their positions in AAOI. Portolan Capital Management LLC acquired a new position in Applied Optoelectronics in the 2nd quarter valued at $7,241,000. Royce & Associates LP grew its stake in shares of Applied Optoelectronics by 43.7% in the second quarter. Royce & Associates LP now owns 1,002,188 shares of the semiconductor company’s stock valued at $5,973,000 after acquiring an additional 304,978 shares in the last quarter. Marshall Wace LLP increased its position in Applied Optoelectronics by 101.7% during the second quarter. Marshall Wace LLP now owns 489,680 shares of the semiconductor company’s stock worth $2,918,000 after acquiring an additional 246,907 shares during the period. Millennium Management LLC raised its stake in Applied Optoelectronics by 79.0% in the 2nd quarter. Millennium Management LLC now owns 403,692 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 178,182 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Applied Optoelectronics by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 347,862 shares of the semiconductor company’s stock valued at $2,073,000 after purchasing an additional 13,953 shares during the period. Institutional investors and hedge funds own 41.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Northland Securities boosted their price objective on shares of Applied Optoelectronics from $12.50 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. B. Riley Financial raised shares of Applied Optoelectronics to a “buy” rating and lifted their price objective for the company from $2.50 to $11.50 in a research report on Friday, August 4th. StockNews.com lowered shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, B. Riley upgraded shares of Applied Optoelectronics from a “neutral” rating to a “buy” rating and raised their target price for the company from $2.50 to $11.50 in a research note on Friday, August 4th.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, subassemblies, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to internet data center operators, cable television and telecom equipment manufacturers, and internet service providers through its direct and indirect sales channels.