Brokerages Set Applied Optoelectronics, Inc. (NASDAQ:AAOI) PT at $29.20

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have been given a consensus rating of “Hold” by the five research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $29.20.

Several analysts recently commented on AAOI shares. B. Riley lowered shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price target on the stock. in a research report on Tuesday, December 10th. Raymond James lifted their price target on Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research report on Wednesday. Northland Securities restated an “outperform” rating and issued a $40.00 price objective (up from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. Finally, Rosenblatt Securities boosted their price target on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

Insider Transactions at Applied Optoelectronics

In other news, insider David C. Kuo sold 10,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $26.93, for a total transaction of $269,300.00. Following the transaction, the insider now owns 118,122 shares of the company’s stock, valued at approximately $3,181,025.46. The trade was a 7.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stefan J. Murry sold 4,000 shares of Applied Optoelectronics stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the transaction, the chief financial officer now directly owns 212,129 shares in the company, valued at $6,728,731.88. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,769 shares of company stock worth $3,432,417 in the last ninety days. Insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Applied Optoelectronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAOI. Affinity Wealth Management LLC purchased a new stake in Applied Optoelectronics in the 4th quarter valued at about $7,965,000. Assenagon Asset Management S.A. acquired a new stake in Applied Optoelectronics in the 4th quarter valued at approximately $12,731,000. Virtu Financial LLC purchased a new stake in Applied Optoelectronics in the third quarter valued at approximately $353,000. Barclays PLC raised its position in Applied Optoelectronics by 37.4% in the third quarter. Barclays PLC now owns 56,920 shares of the semiconductor company’s stock valued at $815,000 after purchasing an additional 15,507 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Applied Optoelectronics by 7.1% during the third quarter. Geode Capital Management LLC now owns 909,559 shares of the semiconductor company’s stock worth $13,018,000 after buying an additional 60,241 shares during the period. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Trading Up 10.4 %

Applied Optoelectronics stock opened at $33.30 on Thursday. The firm has a market cap of $1.56 billion, a PE ratio of -16.17 and a beta of 2.39. Applied Optoelectronics has a 12 month low of $6.70 and a 12 month high of $44.50. The stock’s 50 day simple moving average is $34.75 and its two-hundred day simple moving average is $20.69. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.

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.