Applied Optoelectronics Inc (NASDAQ:AAOI) has earned an average recommendation of “Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $57.73.

Several research firms have recently commented on AAOI. Raymond James Financial reissued a “strong-buy” rating on shares of Applied Optoelectronics in a research note on Thursday, August 31st. Zacks Investment Research cut Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 17th. BWS Financial reaffirmed a “sell” rating on shares of Applied Optoelectronics in a research note on Monday, October 2nd. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $75.00 price objective (down from $115.00) on shares of Applied Optoelectronics in a research note on Thursday, October 12th. Finally, ValuEngine raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 14th.

Applied Optoelectronics (NASDAQ AAOI) traded down $0.11 on Friday, reaching $38.98. The company’s stock had a trading volume of 1,534,326 shares, compared to its average volume of 2,547,598. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 2.02. Applied Optoelectronics has a 12-month low of $21.88 and a 12-month high of $103.41. The firm has a market cap of $782.07, a price-to-earnings ratio of 9.58, a P/E/G ratio of 0.62 and a beta of 2.88.

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

In other Applied Optoelectronics news, Director Richard B. Black sold 1,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $40.43, for a total transaction of $40,430.00. Following the completion of the sale, the director now directly owns 35,478 shares in the company, valued at approximately $1,434,375.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $45.30, for a total value of $58,890.00. Following the sale, the chief executive officer now owns 522,837 shares of the company’s stock, valued at $23,684,516.10. The disclosure for this sale can be found here. Insiders have sold 7,900 shares of company stock valued at $365,804 over the last 90 days. Corporate insiders own 8.19% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flinton Capital Management LLC bought a new position in shares of Applied Optoelectronics during the 2nd quarter worth approximately $115,000. Citigroup Inc. raised its holdings in shares of Applied Optoelectronics by 96.2% in the 2nd quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 993 shares during the period. Advisory Services Network LLC bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth approximately $137,000. Pinebridge Investments L.P. bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth approximately $144,000. Finally, PNC Financial Services Group Inc. purchased a new position in Applied Optoelectronics in the 2nd quarter valued at approximately $149,000. 76.69% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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