Applied Optoelectronics, Inc. (NASDAQ:AAOI) had its price objective trimmed by Needham & Company LLC from $75.00 to $50.00 in a report issued on Wednesday, Marketbeat.com reports. The brokerage currently has a strong-buy rating on the semiconductor company’s stock.

Several other equities analysts have also issued reports on the company. Raymond James Financial, Inc. reaffirmed a strong-buy rating on shares of Applied Optoelectronics in a research note on Thursday, August 31st. BWS Financial reissued a sell rating and issued a $25.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 31st. ValuEngine lowered Applied Optoelectronics from a strong-buy rating to a buy rating in a research note on Friday, September 1st. BidaskClub raised Applied Optoelectronics from a buy rating to a strong-buy rating in a research note on Monday, July 31st. Finally, Cowen and Company reissued an outperform rating and issued a $81.00 target price (down previously from $102.00) on shares of Applied Optoelectronics in a research note on Friday, October 13th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and four have issued a strong buy rating to the company. Applied Optoelectronics presently has an average rating of Buy and a consensus price target of $62.53.

Shares of Applied Optoelectronics (NASDAQ AAOI) traded up $2.10 on Wednesday, hitting $45.30. The stock had a trading volume of 2,969,900 shares, compared to its average volume of 2,683,257. The company has a quick ratio of 2.07, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. Applied Optoelectronics has a twelve month low of $21.88 and a twelve month high of $103.41. The firm has a market capitalization of $837.31, a price-to-earnings ratio of 10.26, a PEG ratio of 0.59 and a beta of 2.90.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.23). Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The firm had revenue of $88.90 million for the quarter, compared to analyst estimates of $88.53 million. During the same period last year, the company earned $0.38 EPS. The company’s revenue was up 26.8% compared to the same quarter last year. equities analysts predict that Applied Optoelectronics will post 4.28 EPS for the current fiscal year.

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In related news, Director Richard B. Black sold 1,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $58.52, for a total transaction of $58,520.00. Following the completion of the transaction, the director now directly owns 38,478 shares in the company, valued at $2,251,732.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stefan J. Murry sold 3,050 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $70.21, for a total value of $214,140.50. Following the transaction, the chief financial officer now owns 57,540 shares of the company’s stock, valued at $4,039,883.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,050 shares of company stock valued at $739,281. 8.19% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Flinton Capital Management LLC bought a new position in shares of Applied Optoelectronics during the second quarter worth about $115,000. Citigroup Inc. grew its holdings in shares of Applied Optoelectronics by 96.2% during the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock worth $126,000 after buying an additional 993 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Applied Optoelectronics during the second quarter worth about $137,000. Pinebridge Investments L.P. bought a new position in shares of Applied Optoelectronics during the second quarter worth about $144,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Applied Optoelectronics during the second quarter worth about $149,000. Institutional investors and hedge funds own 80.05% of the company’s stock.

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)

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