Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have received an average rating of “Buy” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, five have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $60.35.

A number of equities analysts have recently commented on AAOI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 target price on shares of Applied Optoelectronics in a research report on Tuesday, September 5th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating on shares of Applied Optoelectronics in a research report on Thursday, August 31st. BWS Financial reaffirmed a “sell” rating and set a $25.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 31st. ValuEngine downgraded shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st.

TRADEMARK VIOLATION WARNING: This article was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/brokerages-set-applied-optoelectronics-inc-aaoi-price-target-at-60-35/1722452.html.

Shares of Applied Optoelectronics (NASDAQ:AAOI) traded down $0.95 during trading hours on Monday, hitting $41.95. 1,062,100 shares of the stock were exchanged, compared to its average volume of 2,642,031. The stock has a market capitalization of $831.50, a price-to-earnings ratio of 10.19, a PEG ratio of 0.59 and a beta of 2.90. Applied Optoelectronics has a fifty-two week low of $21.88 and a fifty-two week high of $103.41. The company has a current ratio of 2.99, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results 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 company had revenue of $88.90 million for the quarter, compared to analysts’ expectations of $88.53 million. Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The business’s revenue was up 26.8% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. sell-side analysts expect that Applied Optoelectronics will post 4.28 EPS for the current fiscal year.

In other Applied Optoelectronics news, insider Chih-Hsiang (Thompson) Lin sold 3,600 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $45.24, for a total value of $162,864.00. Following the completion of the sale, the insider now directly owns 522,837 shares in the company, valued at $23,653,145.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $58.52, for a total transaction of $58,520.00. Following the completion of the sale, the director now owns 38,478 shares of the company’s stock, valued at $2,251,732.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,900 shares of company stock worth $789,894. Insiders own 8.19% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. boosted its stake in Applied Optoelectronics by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,937 shares of the semiconductor company’s stock valued at $614,000 after acquiring an additional 26 shares in the last quarter. Legal & General Group Plc boosted its stake in Applied Optoelectronics by 3.6% in the first quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock valued at $248,000 after acquiring an additional 153 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in Applied Optoelectronics by 7.9% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,100 shares of the semiconductor company’s stock valued at $253,000 after acquiring an additional 300 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Applied Optoelectronics by 3.2% in the second quarter. Nationwide Fund Advisors now owns 10,909 shares of the semiconductor company’s stock valued at $674,000 after acquiring an additional 343 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC boosted its stake in Applied Optoelectronics by 4.3% in the second quarter. Carnegie Capital Asset Management LLC now owns 8,920 shares of the semiconductor company’s stock valued at $834,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 78.62% 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)

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.