Brokerages Set Applied Optoelectronics, Inc. (NASDAQ:AAOI) PT at $13.75

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have been given a consensus rating of “Moderate Buy” by the four brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $13.75.

AAOI has been the topic of a number of analyst reports. B. Riley dropped their price target on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of Applied Optoelectronics in a report on Wednesday. Raymond James raised shares of Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research note on Tuesday, September 3rd. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a report on Thursday, October 3rd. Finally, B. Riley Financial reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 8th.

Applied Optoelectronics Stock Performance

Shares of AAOI opened at $17.86 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 0.97. The firm’s 50 day moving average is $11.93 and its 200-day moving average is $11.04. Applied Optoelectronics has a 12-month low of $6.66 and a 12-month high of $24.75. The stock has a market capitalization of $694.90 million, a P/E ratio of -9.81 and a beta of 1.96.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results 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. The company had revenue of $43.27 million for the quarter, compared to analysts’ expectations of $44.14 million. Applied Optoelectronics had a negative return on equity of 19.82% and a negative net margin of 34.84%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.31) earnings per share. Equities research analysts anticipate that Applied Optoelectronics will post -1.08 EPS for the current fiscal year.

Insider Activity at Applied Optoelectronics

In other Applied Optoelectronics news, insider David C. Kuo sold 10,000 shares of Applied Optoelectronics stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00. Following the completion of the sale, the insider now owns 132,921 shares of the company’s stock, valued at $1,996,473.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 5.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Applied Optoelectronics

A number of hedge funds have recently added to or reduced their stakes in AAOI. CANADA LIFE ASSURANCE Co bought a new position in shares of Applied Optoelectronics during the 1st quarter valued at $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 valued at $77,000 after purchasing an additional 6,787 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Applied Optoelectronics in the second quarter worth $89,000. Summit Securities Group LLC bought a new stake in shares of Applied Optoelectronics during the 2nd quarter worth $109,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Applied Optoelectronics in the 2nd quarter valued at $118,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

About Applied Optoelectronics

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.