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Applied Optoelectronics, Inc. (NASDAQ:AAOI) Receives Consensus Rating of "Moderate Buy" from Brokerages

Applied Optoelectronics logo with Computer and Technology background

Key Points

  • Applied Optoelectronics, Inc. has been given a consensus rating of "Moderate Buy" by seven brokerages, with an average one-year target price of $26.00.
  • The company's stock recently opened at $21.53 and has experienced a significant increase in quarterly revenue, up 145.5% compared to the same quarter last year.
  • Insider trading activity includes significant share sales by executives, with a total of 40,263 shares valued at $787,050 sold over the last quarter.
  • Interested in Applied Optoelectronics? Here are five stocks we like better.

Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $26.00.

Several equities research analysts recently commented on AAOI shares. Rosenblatt Securities boosted their price objective 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. Raymond James Financial cut their target price on shares of Applied Optoelectronics from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Wall Street Zen raised shares of Applied Optoelectronics from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Wolfe Research began coverage on Applied Optoelectronics in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Finally, Northland Securities upped their price target on Applied Optoelectronics to $50.00 and gave the stock a "buy" rating in a research report on Friday, June 13th.

Read Our Latest Analysis on AAOI

Applied Optoelectronics Trading Down 5.9%

Shares of AAOI stock opened at $21.53 on Monday. The business has a 50-day moving average price of $22.87 and a two-hundred day moving average price of $20.72. Applied Optoelectronics has a 12-month low of $6.70 and a 12-month high of $44.50. The company has a quick ratio of 1.34, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.20 billion, a P/E ratio of -5.58 and a beta of 2.72.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its earnings results 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 company had revenue of $99.86 million for the quarter, compared to analyst estimates of $99.37 million. During the same quarter last year, the firm earned ($0.31) EPS. The firm's quarterly revenue was up 145.5% compared to the same quarter last year. Equities analysts anticipate that Applied Optoelectronics will post -1.18 EPS for the current fiscal year.

Insider Buying and Selling at Applied Optoelectronics

In other Applied Optoelectronics news, insider David C. Kuo sold 11,426 shares of the business's 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 transaction, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Hung-Lun (Fred) Chang sold 23,837 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $19.06, for a total transaction of $454,333.22. Following the completion of the sale, the insider directly owned 278,842 shares in the company, valued at approximately $5,314,728.52. This represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,263 shares of company stock valued at $787,050 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of Applied Optoelectronics

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Applied Optoelectronics by 11.0% in the 4th quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company's stock valued at $89,548,000 after purchasing an additional 241,594 shares in the last quarter. SG Americas Securities LLC purchased a new position in Applied Optoelectronics during the first quarter valued at approximately $370,000. Royce & Associates LP raised its stake in Applied Optoelectronics by 15.2% in the first quarter. Royce & Associates LP now owns 876,543 shares of the semiconductor company's stock worth $13,455,000 after buying an additional 115,853 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its stake in Applied Optoelectronics by 31.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 40,000 shares of the semiconductor company's stock worth $614,000 after buying an additional 9,500 shares in the last quarter. Finally, Polymer Capital Management HK LTD purchased a new stake in Applied Optoelectronics during the fourth quarter worth $1,102,000. 61.72% of the stock is currently owned by institutional investors.

About Applied Optoelectronics

(Get Free Report

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.

See Also

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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