Stefan J. Murry, Chief Financial Officer of Applied Optoelectronics, Inc. (NASDAQ:AAOI), executed a sale of 4,000 shares of common stock on January 16, 2025. The shares were sold at an average price of $31.7238 per share, totaling approximately $126,895. Following this transaction, Murry holds 212,129 shares directly. The sale comes amid significant stock momentum, with AAOI shares surging nearly 182% over the past six months, according to InvestingPro data.
The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which Murry adopted on September 18, 2024. This plan allows insiders of publicly traded corporations to set up a trading plan for selling stocks they own, providing an affirmative defense against accusations of insider trading. The 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 comprehensive analysis and 12+ additional insights through InvestingPro's detailed research reports.
In other recent news, Applied Optoelectronics has experienced notable developments. The company reported a Q3 2024 revenue of $65.2 million, marking a 4% year-over-year increase and a substantial 51% rise from the previous quarter, despite a non-GAAP loss per share of $0.21 due to increased research and development costs. Analysts from Applied Optoelectronics project Q4 revenue to be between $94 million and $104 million, with a non-GAAP gross margin expected to be between 27.5% and 29.5%.
Additionally, the company has entered into a construction contract with Chyi Ding Technologies Co., Ltd. through its subsidiary Prime World International Holdings Ltd. The contract, valued at 277 million New Taiwan Dollars (NTD), involves the construction of a cleanroom and additional mechanical, electrical, and renovation work at a new site in New Taipei City, signaling a significant expansion of its manufacturing capabilities.
In terms of analyst ratings, Rosenblatt Securities has increased its stock price target for Applied Optoelectronics to $44, maintaining a Buy rating based on the company's future earnings potential. However, B.Riley downgraded its rating for the company's stock from Neutral to Sell, citing concerns over a potential deceleration in the 400G market segment.
Lastly, Applied Optoelectronics has initiated a patent infringement lawsuit against Eoptolink Technology USA Inc., alleging the violation of multiple optical transceiver patents held by the company. The firm is seeking both monetary damages and a permanent injunction against Eoptolink to prevent further alleged infringement of its patents. These are the recent developments regarding Applied Optoelectronics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.