Applied Optoelectronics, Inc. (NASDAQ:AAOI) Given Consensus Rating of “Moderate Buy” by Analysts

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has earned an average recommendation of “Moderate Buy” from the four brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $13.75.

A number of research analysts have commented on AAOI shares. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. B. Riley Financial reaffirmed a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Raymond James raised shares of Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Tuesday, September 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of Applied Optoelectronics in a research report on Wednesday, October 9th. Finally, B. Riley reduced their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

Insider Activity

In other news, insider David C. Kuo sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total value of $150,200.00. Following the sale, the insider now directly owns 132,921 shares of the company’s stock, valued at $1,996,473.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.40% of the company’s stock.

Institutional Trading of Applied Optoelectronics

Hedge funds have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co purchased a new position in Applied Optoelectronics during the first quarter valued at $46,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Applied Optoelectronics by 272.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 6,787 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Applied Optoelectronics in the 2nd quarter worth about $89,000. Summit Securities Group LLC bought a new position in Applied Optoelectronics in the 2nd quarter worth about $109,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Applied Optoelectronics during the 2nd quarter valued at about $118,000. 61.72% of the stock is owned by institutional investors.

Applied Optoelectronics Stock Performance

Shares of AAOI stock opened at $16.84 on Friday. The company has a market capitalization of $688.76 million, a P/E ratio of -8.82 and a beta of 1.96. Applied Optoelectronics has a fifty-two week low of $6.70 and a fifty-two week high of $24.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.64. The stock has a 50 day moving average price of $14.69 and a two-hundred day moving average price of $11.54.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.01. Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%. The business had revenue of $43.27 million during the quarter, compared to analysts’ expectations of $44.14 million. During the same quarter in the prior year, the company posted ($0.31) EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts expect that Applied Optoelectronics will post -1.08 earnings per share for the current year.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.