ValuEngine downgraded shares of Applied Optoelectronics (NASDAQ:AAOI) from a strong-buy rating to a buy rating in a report published on Tuesday, ValuEngine reports.

Several other equities research analysts also recently weighed in on AAOI. JPMorgan Chase & Co. started coverage on shares of Applied Optoelectronics in a research note on Monday, July 29th. They issued a neutral rating and a $11.00 target price on the stock. Zacks Investment Research raised shares of Applied Optoelectronics from a strong sell rating to a hold rating in a research note on Thursday, August 8th. TheStreet downgraded shares of Applied Optoelectronics from a c- rating to a d+ rating in a research note on Thursday, May 9th. Rosenblatt Securities reissued a hold rating and issued a $10.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Finally, Northland Securities reissued a sell rating and issued a $6.50 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $18.54.

Shares of AAOI opened at $9.24 on Tuesday. Applied Optoelectronics has a twelve month low of $8.56 and a twelve month high of $43.95. The company has a market cap of $184.28 million, a P/E ratio of 17.43 and a beta of 2.13. The company has a current ratio of 2.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $9.86 and its 200-day simple moving average is $11.62.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Wednesday, August 7th. The semiconductor company reported ($0.41) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.06. Applied Optoelectronics had a negative net margin of 16.22% and a negative return on equity of 6.14%. The business had revenue of $43.40 million for the quarter, compared to the consensus estimate of $42.49 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was down 50.6% on a year-over-year basis. Analysts predict that Applied Optoelectronics will post -1.46 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Applied Optoelectronics by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 208,739 shares of the semiconductor company’s stock valued at $3,220,000 after acquiring an additional 8,793 shares during the period. Principal Financial Group Inc. grew its position in shares of Applied Optoelectronics by 1.1% during the 4th quarter. Principal Financial Group Inc. now owns 152,703 shares of the semiconductor company’s stock valued at $2,356,000 after acquiring an additional 1,606 shares during the period. Bank of America Corp DE grew its position in shares of Applied Optoelectronics by 165.2% during the 4th quarter. Bank of America Corp DE now owns 18,314 shares of the semiconductor company’s stock valued at $282,000 after acquiring an additional 11,408 shares during the period. Metropolitan Life Insurance Co. NY grew its position in shares of Applied Optoelectronics by 364.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,205 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 4,868 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Applied Optoelectronics during the 4th quarter valued at approximately $85,000. Hedge funds and other institutional investors own 62.90% of the company’s stock.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

Featured Story: Oversold

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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