Applied Optoelectronics (AAOI) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Optoelectronics in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AAOI shares.
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1 Wall Street research analysts have issued 12 month price objectives for Applied Optoelectronics' shares. Their AAOI share price forecasts range from $2.80 to $7.50. On average, they predict the company's share price to reach $4.77 in the next year. This suggests a possible upside of 48.5% from the stock's current price.
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Applied Optoelectronics' stock was trading at $1.89 at the start of the year. Since then, AAOI shares have increased by 69.8% and is now trading at $3.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Applied Optoelectronics, Inc. (NASDAQ:AAOI) released its quarterly earnings data on Wednesday, August, 4th. The semiconductor company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.03. The semiconductor company earned $54.19 million during the quarter, compared to analyst estimates of $54.20 million. Applied Optoelectronics had a negative trailing twelve-month return on equity of 18.93% and a negative net margin of 29.80%.

Applied Optoelectronics issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of -$0.31--$0.23 for the period, compared to the consensus earnings per share estimate of -$0.14. The company issued revenue guidance of $40.50 million-$47.50 million, compared to the consensus revenue estimate of $59.30 million.

29 employees have rated Applied Optoelectronics Chief Executive Officer Thompson Lin on Glassdoor.com. Thompson Lin has an approval rating of 42% among the company's employees. This puts Thompson Lin in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Applied Optoelectronics investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Lumentum (LITE), Applied Materials (AMAT), Tesla (TSLA), Block (SQ), Netflix (NFLX) and Broadcom (AVGO).

Applied Optoelectronics trades on the NASDAQ under the ticker symbol "AAOI."

Applied Optoelectronics' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Ameriprise Financial Inc. (4.56%), BlackRock Inc. (3.00%), Kovack Advisors Inc. (3.02%), Royce & Associates LP (2.40%), Royce & Associates LP (2.39%) and Two Sigma Advisers LP (0.98%). Insiders that own company stock include Che-Wei Lin, Chih-Hsiang (Thompson) Lin, David C Kuo, Hung-Lun (Fred) Chang, Shu-Hua (Joshua) Yeh and Stefan J Murry.
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Shares of AAOI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AAOI stock can currently be purchased for approximately $3.21.

Applied Optoelectronics (NASDAQ:AAOI) has a market capitalization of $93.73 million and generates $222.82 million in revenue each year. The semiconductor company earns $-66,400,000.00 in net income (profit) each year or ($2.35) on an earnings per share basis.

The company employs 2,534 workers across the globe.

Applied Optoelectronics' mailing address is 13139 JESS PIRTLE BLVD, SUGAR LAND TX, 77478. The official website for the company is www.ao-inc.com. The semiconductor company can be reached via phone at (281) 295-1800 or via email at ir@ao-inc.com.