Today it was reported that the GC & Secretary of Applied Optoelectronics (NASDAQ: AAOI), David Kuo, exercised options to buy 806 AAOI shares at $11.40 a share, for a total transaction value of $9,191.
This recent transaction increases David Kuo’s holding in the company by 2.75% to a total of $1.28 million.
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AAOI’s market cap is $826.8M and the company has a P/E ratio of 24.20. Currently, Applied Optoelectronics has an average volume of 372.2K.
Nine different firms, including Cowen & Co. and Craig-Hallum, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Hold with an average price target of $39.19, reflecting a -8.3% downside.
The insider sentiment on Applied Optoelectronics has been negative according to 100 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Applied Optoelectronics, Inc. engages in the design and manufacture of optical communications products. Its products include optical devices, such as laser diodes, photodiodes, related modules and circuitry, and equipment for applications in fiber-to-the-home, cable television, point to point communications and wireless.
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