Brokerages Set Applied Optoelectronics, Inc. (AAOI) Price Target at $60.35
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.
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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.
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