Applied Optoelectronics, Inc. (NASDAQ:AAOI) Given Average Rating of "Moderate Buy" by Analysts

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.80.

AAOI has been the subject of several recent analyst reports. Northland Securities boosted their price objective on Applied Optoelectronics to $50.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Wolfe Research assumed coverage on shares of Applied Optoelectronics in a research note on Tuesday. They issued a "peer perform" rating for the company. Wall Street Zen upgraded shares of Applied Optoelectronics from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Rosenblatt Securities lifted their price objective on shares of Applied Optoelectronics from $30.00 to $34.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, Raymond James Financial reduced their target price on Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th.

Insiders Place Their Bets

In other news, CEO Chih-Hsiang (Thompson) Lin acquired 21,200 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of $18.22 per share, with a total value of $386,264.00. Following the transaction, the chief executive officer owned 1,659,025 shares in the company, valued at $30,227,435.50. The trade was a 1.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stefan J. Murry sold 2,000 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $16.05, for a total value of $32,100.00. Following the transaction, the chief financial officer owned 321,036 shares in the company, valued at $5,152,627.80. This trade represents a 0.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,263 shares of company stock worth $726,570 in the last ninety days. Insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Applied Optoelectronics by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company's stock worth $89,548,000 after purchasing an additional 241,594 shares during the period. SG Americas Securities LLC purchased a new position in shares of Applied Optoelectronics during the first quarter valued at approximately $370,000. Emerald Advisers LLC boosted its position in shares of Applied Optoelectronics by 15.3% in the 4th quarter. Emerald Advisers LLC now owns 606,997 shares of the semiconductor company's stock worth $22,374,000 after purchasing an additional 80,539 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Applied Optoelectronics in the 4th quarter worth approximately $511,000. Finally, Polymer Capital Management HK LTD purchased a new stake in shares of Applied Optoelectronics in the 4th quarter worth approximately $1,102,000. 61.72% of the stock is currently owned by institutional investors.

Applied Optoelectronics Price Performance

Shares of NASDAQ AAOI opened at $27.92 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.34 and a current ratio of 1.88. Applied Optoelectronics has a fifty-two week low of $6.70 and a fifty-two week high of $44.50. The stock has a market cap of $1.55 billion, a PE ratio of -7.23 and a beta of 2.78. The stock has a fifty day moving average of $19.56 and a 200-day moving average of $21.86.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. The firm had revenue of $99.86 million for the quarter, compared to the consensus estimate of $99.37 million. Applied Optoelectronics had a negative net margin of 55.98% and a negative return on equity of 15.40%. The company's revenue for the quarter was up 145.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.31) earnings per share. Equities research analysts anticipate that Applied Optoelectronics will post -1.18 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.

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