Stefan J. Murry, Chief Financial Officer of Applied Optoelectronics, Inc. (NASDAQ:), executed a sale of 4,000 shares of common stock on January 16, 2025. . Following this transaction, Murry directly owns 212,129 shares. The sale comes amid significant stock momentum, with AAOI shares surging nearly 182% in the past six months, according to InvestingPro data.

The sale was made 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 establish a trading plan for the sale of stocks they own, which provides an affirmative defense against accusations of insider trading. Shares were traded 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 via InvestingProdetailed research reports.

In other recent news, Applied Optoelectronics is experiencing remarkable developments. The company reported a Q3 2024 revenue of $65.2 million, marking a 4% year-over-year increase and a whopping 51% increase from the previous quarter, despite the loss non-GAAP 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 non-GAAP gross margin expected to be 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, valued at 277 million New Taiwan Dollars (NTD), includes the construction of a clean room and additional mechanical, electrical, and renovation work at a new site in New Taipei City, marking the a significant expansion of its manufacturing capabilities.

In terms of analyst ratings, Rosenblatt Securities raised its stock price target for Applied Optoelectronics to $44, maintaining a Buy rating based on the company’s future earnings potential. However, B.Riley lowered its rating for the company’s stock from Neutral to Sell, citing concerns about a potential decline in 400G’s market share.

Finally, Applied Optoelectronics has initiated a patent infringement lawsuit against Eoptolink Technology USA Inc., alleging infringement of several optical transceiver patents held 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 the latest developments in Applied Optoelectronics.

This article was created with the support of AI and reviewed by an editor. For more information see our T&C.