BidaskClub upgraded shares of Applied Optoelectronics (NASDAQ:AAOI) from a strong sell rating to a sell rating in a research report released on Monday.

A number of other equities analysts have also commented on the stock. ValuEngine lowered shares of Applied Optoelectronics from a strong-buy rating to a buy rating in a report on Friday, February 2nd. Loop Capital began coverage on shares of Applied Optoelectronics in a report on Monday, January 29th. They issued a hold rating and a $35.00 price objective on the stock. Piper Jaffray Companies lowered shares of Applied Optoelectronics from an overweight rating to a neutral rating in a report on Monday, January 29th. B. Riley assumed coverage on shares of Applied Optoelectronics in a research note on Wednesday, January 10th. They issued a neutral rating and a $38.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Applied Optoelectronics from a hold rating to a strong sell rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. Applied Optoelectronics has an average rating of Hold and a consensus target price of $55.89.

Applied Optoelectronics (NASDAQ AAOI) opened at $32.05 on Monday. Applied Optoelectronics has a 1-year low of $30.85 and a 1-year high of $103.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 2.02. The company has a market cap of $621.20, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 0.66 and a beta of 2.51.

In other news, Director Richard B. Black sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $40.43, for a total value of $40,430.00. Following the sale, the director now 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 the SEC website. Also, Director Alan D. Moore bought 22,400 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $44.60 per share, for a total transaction of $999,040.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 6,900 shares of company stock worth $297,554. Company insiders own 8.19% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in shares of Applied Optoelectronics by 179.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 147,123 shares of the semiconductor company’s stock valued at $5,565,000 after buying an additional 94,487 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Applied Optoelectronics by 25.1% during the 4th quarter. Wells Fargo & Company MN now owns 89,453 shares of the semiconductor company’s stock valued at $3,383,000 after buying an additional 17,969 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Applied Optoelectronics during the 4th quarter valued at about $1,473,000. LS Investment Advisors LLC grew its position in shares of Applied Optoelectronics by 1,067.8% during the 4th quarter. LS Investment Advisors LLC now owns 7,357 shares of the semiconductor company’s stock valued at $278,000 after buying an additional 6,727 shares during the last quarter. Finally, Sterneck Capital Management LLC grew its position in shares of Applied Optoelectronics by 60.0% during the 4th quarter. Sterneck Capital Management LLC now owns 8,000 shares of the semiconductor company’s stock valued at $303,000 after buying an additional 3,000 shares during the last quarter. 75.68% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “BidaskClub Upgrades Applied Optoelectronics (AAOI) to Sell” was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/bidaskclub-upgrades-applied-optoelectronics-aaoi-to-sell/1853951.html.

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)

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.