Applied Optoelectronics, Inc. (NASDAQ:AAOI) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Several other equities research analysts have also issued reports on the stock. Raymond James Financial, Inc. restated a “strong-buy” rating on shares of Applied Optoelectronics in a research note on Thursday. DA Davidson set a $103.00 price target on shares of Applied Optoelectronics and gave the stock a “buy” rating in a research note on Saturday, August 5th. BWS Financial began coverage on shares of Applied Optoelectronics in a research note on Friday, June 16th. They set a “sell” rating and a $25.00 price target for the company. Cowen and Company restated an “outperform” rating and set a $102.00 price target (up previously from $100.00) on shares of Applied Optoelectronics in a research note on Wednesday, August 9th. Finally, Vetr lowered shares of Applied Optoelectronics from a “buy” rating to a “hold” rating and set a $76.95 price target for the company. in a research note on Monday, June 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a buy rating and four have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $76.98.

Shares of Applied Optoelectronics (NASDAQ AAOI) traded down 0.24% during trading on Friday, reaching $58.98. The company’s stock had a trading volume of 1,870,836 shares. Applied Optoelectronics has a 12 month low of $17.04 and a 12 month high of $103.41. The stock’s 50 day moving average price is $76.43 and its 200-day moving average price is $61.22. The firm has a market cap of $1.14 billion, a PE ratio of 14.01 and a beta of 2.98.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.28. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The firm had revenue of $117.40 million for the quarter, compared to analysts’ expectations of $117.34 million. During the same quarter last year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 112.3% compared to the same quarter last year. Equities analysts predict that Applied Optoelectronics will post $5.38 EPS for the current year.

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In related news, insider Shu-Hua (Joshua) Yeh sold 20,000 shares of Applied Optoelectronics stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $92.51, for a total value of $1,850,200.00. Following the completion of the transaction, the insider now directly owns 89,742 shares in the company, valued at approximately $8,302,032.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hung-Lun (Fred) Chang sold 10,000 shares of Applied Optoelectronics stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $60.11, for a total transaction of $601,100.00. Following the completion of the transaction, the insider now owns 48,721 shares of the company’s stock, valued at $2,928,619.31. The disclosure for this sale can be found here. Insiders sold a total of 37,633 shares of company stock valued at $3,015,105 over the last quarter. 8.19% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised 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 worth $614,000 after buying an additional 26 shares in the last quarter. Legal & General Group Plc raised its position in Applied Optoelectronics by 3.6% in the first quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock worth $248,000 after buying an additional 153 shares in the last quarter. ClariVest Asset Management LLC raised its position in Applied Optoelectronics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 5,345 shares of the semiconductor company’s stock worth $300,000 after buying an additional 271 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in Applied Optoelectronics by 7.9% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,100 shares of the semiconductor company’s stock worth $253,000 after buying an additional 300 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in Applied Optoelectronics by 3.1% in the first quarter. Nationwide Fund Advisors now owns 10,566 shares of the semiconductor company’s stock worth $593,000 after buying an additional 315 shares in the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

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.

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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