Stefan J. Murry, Chief Financial Officer of Applied Optoelectronics, Inc. (NASDAQ: ), sold 4,000 shares of common stock on January 16, 2025. The shares were sold at an average price of $31.7238 per share, for a total of approximately $126,895. Following this transaction, Murry directly holds 212,129 shares. The sale comes amid a significant rally for the stock, with AAOI shares up nearly 182% over the past six months, according to InvestingPro data.
The sale was made pursuant to a prearranged Rule 10b5-1 trading plan, which Murry adopted on September 18, 2024. This plan allows insiders of public corporations to set up a trading plan to sell the stock they own, providing an affirmative defense to a charge of insider trading. Shares were sold in multiple transactions, with prices ranging from $31.30 to $32.29 per share. With the company’s next earnings report scheduled for February 20, 2025, investors can access extensive analysis and 12+ additional insights via InvestingProdetailed research reports.
In other recent news, Applied Optoelectronics has seen significant progress. The company reported revenue of $65.2 million in the third quarter of 2024, up 4% year-over-year and up 51% quarter-over-quarter, despite posting a non-standard loss per share of 0.21 USD due to increased research and development costs. Analysts at Applied Optoelectronics forecast fourth-quarter revenue between $94 million and $104 million, with an expected non-GAAP gross margin between 27.5% and 29.5%.
In addition, the company entered into a construction contract with Chyi Ding Technologies Co., Ltd. through its subsidiary Prime World International Holdings Ltd. The contract, worth New Taiwan Dollars (NTD) 277 million, includes the construction of a clean room and additional mechanical, electrical and renovation work at the new location in New Taipei City, signaling a significant expansion of manufacturing capabilities.
In terms of analyst ratings, Rosenblatt Securities raised its price target on Applied Optoelectronics shares to $44, maintaining a Buy rating based on the company’s future earnings potential. However, B.Riley lowered its rating on the company’s stock from Neutral to Sell, citing concerns over a potential slowdown in the 400G market segment.
Finally, Applied Optoelectronics filed a patent infringement lawsuit against Eoptolink Technology USA Inc., alleging infringement of multiple optical transceiver patents owned by the company. The company is seeking both monetary damages and a permanent injunction against Eoptolink to prevent further alleged infringement of its patents. These are recent developments in applied optoelectronics.
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