Applied Optoelectronics, Inc. (NASDAQ:AAOI)‘s stock had its “buy” rating restated by equities research analysts at Roth Capital in a research note issued to investors on Thursday. They currently have a $90.00 price target on the semiconductor company’s stock. Roth Capital’s target price suggests a potential upside of 33.39% from the stock’s previous close.

Several other equities analysts also recently issued reports on AAOI. Cowen and Company reissued an “outperform” rating and issued a $102.00 target price (up from $100.00) on shares of Applied Optoelectronics in a research report on Wednesday. Vetr downgraded Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $72.50 target price on the stock. in a research report on Monday. Northland Securities downgraded Applied Optoelectronics from an “outperform” rating to a “market perform” rating and cut their target price for the company from $47.00 to $43.00 in a research report on Friday, August 4th. ValuEngine downgraded Applied Optoelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, BidaskClub downgraded Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, six have assigned a buy rating and six have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $76.98.

Applied Optoelectronics (NASDAQ AAOI) traded down 4.0499% on Thursday, reaching $64.7375. The company had a trading volume of 1,277,017 shares. The stock’s 50-day moving average is $77.50 and its 200-day moving average is $57.58. The company has a market capitalization of $1.24 billion, a P/E ratio of 15.3807 and a beta of 2.98. Applied Optoelectronics has a 52 week low of $13.06 and a 52 week high of $103.41. Applied Optoelectronics also was the recipient of some unusual options trading on Monday. Stock traders purchased 640 put options on the stock. This is an increase of 106% compared to the typical daily volume of 310 put options.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.28. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The firm had revenue of $117.40 million for the quarter, compared to the consensus estimate of $117.34 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s revenue was up 112.3% on a year-over-year basis. Equities research analysts forecast that Applied Optoelectronics will post $5.30 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Applied Optoelectronics, Inc. (AAOI) Given “Buy” Rating at Roth Capital” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/applied-optoelectronics-inc-aaoi-given-buy-rating-at-roth-capital/1468736.html.

In other news, General Counsel David C. Kuo sold 889 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $70.00, for a total transaction of $62,230.00. Following the sale, the general counsel now directly owns 22,864 shares of the company’s stock, valued at approximately $1,600,480. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Chewei Lin sold 22,500 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $65.00, for a total transaction of $1,462,500.00. Following the sale, the director now directly owns 74,017 shares in the company, valued at $4,811,105. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,844 shares of company stock worth $8,324,930. Corporate insiders own 8.19% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Applied Optoelectronics by 195.2% in the first quarter. Renaissance Technologies LLC now owns 514,000 shares of the semiconductor company’s stock valued at $28,861,000 after buying an additional 339,900 shares during the last quarter. Bourne Lent Asset Management Inc. raised its stake in Applied Optoelectronics by 21.8% in the second quarter. Bourne Lent Asset Management Inc. now owns 8,650 shares of the semiconductor company’s stock valued at $534,000 after buying an additional 1,550 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Applied Optoelectronics by 21.8% in the first quarter. Ameriprise Financial Inc. now owns 115,735 shares of the semiconductor company’s stock valued at $6,498,000 after buying an additional 20,695 shares during the last quarter. Morgan Stanley raised its stake in Applied Optoelectronics by 245.9% in the first quarter. Morgan Stanley now owns 521,051 shares of the semiconductor company’s stock valued at $29,257,000 after buying an additional 370,427 shares during the last quarter. Finally, State Street Corp raised its stake in Applied Optoelectronics by 5.9% in the fourth quarter. State Street Corp now owns 262,066 shares of the semiconductor company’s stock valued at $6,143,000 after buying an additional 14,484 shares during the last quarter. 77.36% of the stock is currently owned by institutional investors and hedge funds.

About Applied Optoelectronics

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)

Receive News & Ratings for Applied Optoelectronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.