The President & CEO of Applied Optoelectronics (NASDAQ: AAOI) is Buying Shares

By Carrie Williams

Today, the President & CEO of Applied Optoelectronics (NASDAQ: AAOI), Chih-Hsiang Lin, bought shares of AAOI for $398.4K.

This recent transaction increases Chih-Hsiang Lin’s holding in the company by 8.41% to a total of $19.17 million. In addition to Chih-Hsiang Lin, one other AAOI executive reported Buy trades in the last month.

Based on Applied Optoelectronics’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $88.88 million and quarterly net profit of $19.38 million. In comparison, last year the company earned revenue of $70.14 million and had a net profit of $17.74 million. The company has a one-year high of $103.41 and a one-year low of $21.88. AAOI’s market cap is $788.7M and the company has a P/E ratio of 9.36.

Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $65.31, reflecting a -40.5% downside. Eight different firms, including Cowen & Co. and Craig-Hallum, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $162.9K worth of AAOI shares and purchased $2.19M worth of AAOI shares. The insider sentiment on Applied Optoelectronics has been neutral according to 117 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Chih-Hsiang Lin’s trades have generated a -32.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Applied Optoelectronics, Inc. designs, develops and manufactures optical devices, packaged optical components, optical subsystems, laser transmitters, and fiber optic transceivers. It manufactures optical devices, including laser diodes, photodiodes, related modules and circuitry and equipment for applications in fiber-to-the-home, cable television, point to point communications and wireless. The company provides its products for three networking end-markets: internet data center, cable television and fiber-to-the-home. Applied Optoelectronics was founded by Chih-Hsiang Lin on February 28, 1997 and is headquartered in Sugar Land, TX.