Applied Optoelectronics (NASDAQ:AAOI) Rating Reiterated by B. Riley Financial

B. Riley Financial reiterated their neutral rating on shares of Applied Optoelectronics (NASDAQ:AAOI) in a research note published on Thursday, Stock Target Advisor reports. They currently have a $9.00 price target on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the stock. B. Riley reduced their price objective on shares of Applied Optoelectronics from $12.00 to $9.00 and set a neutral rating for the company in a research report on Wednesday, August 7th. Rosenblatt Securities reduced their price objective on shares of Applied Optoelectronics from $20.00 to $16.00 and set a buy rating for the company in a research note on Friday, May 10th. Finally, StockNews.com upgraded shares of Applied Optoelectronics to a sell rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Applied Optoelectronics has an average rating of Hold and a consensus target price of $13.50.

Applied Optoelectronics Stock Down 9.7 %

Applied Optoelectronics stock opened at $7.74 on Thursday. The stock has a 50 day moving average of $9.14 and a two-hundred day moving average of $12.32. Applied Optoelectronics has a twelve month low of $6.66 and a twelve month high of $24.75. The stock has a market capitalization of $301.15 million, a price-to-earnings ratio of -4.25 and a beta of 1.97. The company has a current ratio of 1.79, a quick ratio of 1.06 and a debt-to-equity ratio of 0.39.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.01. Applied Optoelectronics had a negative net margin of 30.65% and a negative return on equity of 16.30%. The company had revenue of $43.27 million for the quarter, compared to analysts’ expectations of $44.14 million. During the same period in the previous year, the company posted ($0.31) EPS. Applied Optoelectronics’s revenue was up 4.0% compared to the same quarter last year. As a group, research analysts expect that Applied Optoelectronics will post -0.66 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co acquired a new position in shares of Applied Optoelectronics during the 1st quarter worth approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Applied Optoelectronics by 272.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 6,787 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Applied Optoelectronics in the fourth quarter valued at $191,000. Truvestments Capital LLC purchased a new stake in Applied Optoelectronics during the 1st quarter worth about $161,000. Finally, Summit Securities Group LLC purchased a new stake in Applied Optoelectronics during the 2nd quarter worth about $109,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

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.