Applied Optoelectronics, Inc. (NASDAQ:AAOI) Receives $13.75 Consensus Target Price from Analysts

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $18.70.

Several brokerages recently issued reports on AAOI. Rosenblatt Securities upped their target price on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research report on Friday. B. Riley reduced their price objective on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Raymond James boosted their target price on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday. Northland Securities increased their price target on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday. Finally, B. Riley Financial reissued a “neutral” rating and set a $9.00 price target on shares of Applied Optoelectronics in a research note on Thursday, August 8th.

Insider Transactions at Applied Optoelectronics

In related news, insider David C. Kuo sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00. Following the completion of the sale, the insider now directly owns 132,921 shares in the company, valued at $1,996,473.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in shares of Applied Optoelectronics by 245.7% in the 1st quarter. BNP Paribas Financial Markets now owns 49,661 shares of the semiconductor company’s stock worth $688,000 after buying an additional 35,295 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Applied Optoelectronics by 34.6% in the 1st quarter. GSA Capital Partners LLP now owns 87,844 shares of the semiconductor company’s stock worth $1,218,000 after purchasing an additional 22,592 shares in the last quarter. Swiss National Bank purchased a new stake in shares of Applied Optoelectronics in the 1st quarter worth about $1,123,000. Vanguard Group Inc. boosted its stake in shares of Applied Optoelectronics by 29.2% during the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock valued at $27,089,000 after purchasing an additional 442,277 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co purchased a new position in shares of Applied Optoelectronics during the first quarter valued at about $46,000. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Stock Performance

Shares of AAOI opened at $27.76 on Friday. Applied Optoelectronics has a 12-month low of $6.70 and a 12-month high of $27.81. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.14 billion, a PE ratio of -13.48 and a beta of 1.96. The stock has a 50-day moving average price of $15.59 and a 200-day moving average price of $11.79.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. The business had revenue of $43.27 million during the quarter, compared to analysts’ expectations of $44.14 million. Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.31) EPS. As a group, equities analysts forecast that Applied Optoelectronics will post -1.08 earnings per share for the current fiscal 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.