Applied Optoelectronics Inc (NASDAQ:AAOI) rose 7.1% during mid-day trading on Tuesday . The company traded as high as $42.57 and last traded at $42.07. Approximately 2,169,431 shares changed hands during trading, a decline of 14% from the average daily volume of 2,536,082 shares. The stock had previously closed at $39.27.

AAOI has been the subject of a number of research reports. BWS Financial set a $25.00 target price on shares of Applied Optoelectronics and gave the stock a “sell” rating in a report on Sunday, October 15th. Zacks Investment Research lowered shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 17th. Needham & Company LLC dropped their target price on shares of Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating for the company in a report on Wednesday, November 8th. TheStreet lowered shares of Applied Optoelectronics from a “b-” rating to a “c” rating in a report on Wednesday, November 15th. Finally, ValuEngine lowered shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and four have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $60.20.

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99. The stock has a market cap of $815.41, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.60 and a beta of 2.88.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.23). The firm had revenue of $88.90 million for the quarter, compared to analyst estimates of $88.53 million. Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The company’s revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. equities analysts forecast that Applied Optoelectronics Inc will post 4.22 EPS for the current year.

In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $45.30, for a total value of $58,890.00. Following the transaction, the chief executive officer now owns 522,837 shares of the company’s stock, valued at $23,684,516.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard B. Black sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $60.62, for a total transaction of $60,620.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,900 shares of company stock worth $365,804. Corporate insiders own 8.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. lifted its position in Applied Optoelectronics by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,937 shares of the semiconductor company’s stock valued at $614,000 after buying an additional 26 shares during the last quarter. Nationwide Fund Advisors lifted its position in Applied Optoelectronics by 3.2% in the second quarter. Nationwide Fund Advisors now owns 10,909 shares of the semiconductor company’s stock valued at $674,000 after buying an additional 343 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its position in Applied Optoelectronics by 4.3% in the second quarter. Carnegie Capital Asset Management LLC now owns 8,920 shares of the semiconductor company’s stock valued at $834,000 after buying an additional 370 shares during the last quarter. Teachers Advisors LLC lifted its position in Applied Optoelectronics by 2.3% in the first quarter. Teachers Advisors LLC now owns 29,403 shares of the semiconductor company’s stock valued at $1,651,000 after buying an additional 668 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Applied Optoelectronics by 96.2% in the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 993 shares during the last quarter. 76.67% of the stock is currently owned by institutional investors.

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Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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