Mori, CFO of Applied Optoelectronics, sells shares worth $126,895 By Investing.com

Stephane J. Maury, CFO 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, Mori now directly owns 212,129 shares. The sale comes amid significant momentum in the stock, with AAOI shares up nearly 182% over the past six months, according to InvestingPro Data.

The sale was conducted pursuant to a prearranged Rule 10b5-1 trading plan, which MORI adopted on September 18, 2024. This plan allows insiders of publicly traded companies to prepare a trading plan to sell shares they own, providing an affirmative defense against accusations of insider trading. The shares were sold in multiple transactions, at 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 more than a dozen additional insights through InvestingProDetailed research reports.

In other recent news, Applied Optoelectronics has seen notable developments. The company reported third-quarter 2024 revenue of $65.2 million, representing a 4% increase year-over-year and a significant 51% increase from the prior-year quarter, despite a non-GAAP loss per share of $0.21 Due to increased research and development costs. Applied Optoelectronics analysts expect fourth-quarter revenue to range between $94 million and $104 million, with non-GAAP gross margin expected to range between 27.5% and 29.5%.

In addition, the company has entered into a construction contract with Chyi Ding Technologies Co., Ltd. Through its subsidiary Prime World International Holdings Ltd. The contract, worth NT$277 million, includes the construction of a clean room and additional mechanical, electrical and refurbishment facilities at a new site in New Taipei City, signaling a significant expansion of its manufacturing capabilities.

In terms of analyst ratings, Rosenblatt Securities increased their stock price target for Applied Optoelectronics to $44, while maintaining a Buy rating based on the company’s potential future earnings. However, B.Riley downgraded its rating on the company’s stock from Neutral to Sell, citing concerns about 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 patents for optical transceivers owned by the company. The company is seeking monetary damages and a permanent injunction against Eoptolink to prevent further alleged infringements of its patents. These are recent developments regarding applied optoelectronics.

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