Applied Optoelectronics, Inc. (NASDAQ:AAOI) Receives $24.80 Average Target Price from Analysts

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

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

Applied Optoelectronics Stock Up 1.3%

Shares of NASDAQ AAOI traded up $0.36 during midday trading on Thursday, hitting $28.61. The company's stock had a trading volume of 1,748,060 shares, compared to its average volume of 3,705,763. The business's fifty day simple moving average is $19.83 and its two-hundred day simple moving average is $21.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.34. Applied Optoelectronics has a 1 year low of $6.70 and a 1 year high of $44.50. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -7.41 and a beta of 2.78.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. Applied Optoelectronics had a negative net margin of 55.98% and a negative return on equity of 15.40%. The business had revenue of $99.86 million during the quarter, compared to analyst estimates of $99.37 million. During the same quarter last year, the firm posted ($0.31) earnings per share. The business's revenue for the quarter was up 145.5% compared to the same quarter last year. On average, equities analysts predict that Applied Optoelectronics will post -1.18 EPS for the current year.

Insider Activity at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 2,000 shares of Applied Optoelectronics stock in a transaction on Monday, June 16th. The shares were sold at an average price of $16.05, for a total value of $32,100.00. Following the transaction, the chief financial officer directly owned 321,036 shares of the company's stock, valued at $5,152,627.80. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David C. Kuo sold 11,426 shares of Applied Optoelectronics stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $19.10, for a total transaction of $218,236.60. Following the completion of the transaction, the insider directly owned 153,900 shares in the company, valued at $2,939,490. The trade was a 6.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,263 shares of company stock worth $726,570 in the last ninety days. Company insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On Applied Optoelectronics

Institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of Applied Optoelectronics in the 4th quarter valued at $38,000. Sterling Capital Management LLC increased its holdings in shares of Applied Optoelectronics by 858.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 1,150 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Applied Optoelectronics in the 4th quarter valued at $63,000. AlphaQuest LLC increased its holdings in shares of Applied Optoelectronics by 243.9% in the 1st quarter. AlphaQuest LLC now owns 2,297 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 1,629 shares during the period. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Applied Optoelectronics by 17.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company's stock valued at $157,000 after acquiring an additional 637 shares during the period. 61.72% of the stock is owned by institutional investors and hedge funds.

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.