Applied Optoelectronics (AAOI) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Applied Optoelectronics (NASDAQ:AAOI) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Applied Optoelectronics, Inc. designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. The company’s products are used in fiber optic communications equipment for FTTH, point-to-point telecom, datacom and access networks and systems supporting cable television, network infrastructure. Applied Optoelectronics, Inc. is headquartered in Sugar Land, Texas. “

A number of other equities analysts have also recently commented on AAOI. ValuEngine cut shares of Applied Optoelectronics from a hold rating to a sell rating in a report on Tuesday, December 25th. Rosenblatt Securities reaffirmed a sell rating and issued a $10.00 target price (down from $15.00) on shares of Applied Optoelectronics in a report on Tuesday, February 12th. Piper Jaffray Companies reaffirmed a neutral rating and issued a $12.00 target price on shares of Applied Optoelectronics in a report on Friday, February 22nd. Raymond James cut shares of Applied Optoelectronics from an outperform rating to a market perform rating in a report on Friday, February 22nd. Finally, DA Davidson cut shares of Applied Optoelectronics from a buy rating to a neutral rating and cut their target price for the company from $42.00 to $16.00 in a report on Friday, February 22nd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Applied Optoelectronics presently has a consensus rating of Hold and an average price target of $20.50.

Shares of Applied Optoelectronics stock opened at $13.09 on Thursday. The firm has a market capitalization of $260.23 million, a PE ratio of 24.70 and a beta of 1.99. Applied Optoelectronics has a 12 month low of $11.77 and a 12 month high of $50.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 2.51.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Thursday, February 21st. The semiconductor company reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). The business had revenue of $58.02 million for the quarter, compared to analysts’ expectations of $60.78 million. Applied Optoelectronics had a negative net margin of 0.80% and a positive return on equity of 3.06%. As a group, equities research analysts expect that Applied Optoelectronics will post -0.82 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in AAOI. Benjamin F. Edwards & Company Inc. boosted its position in shares of Applied Optoelectronics by 83.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,689 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 767 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Applied Optoelectronics during the 4th quarter worth $29,000. Neuburgh Advisers LLC boosted its position in shares of Applied Optoelectronics by 41.2% during the 4th quarter. Neuburgh Advisers LLC now owns 3,542 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 1,034 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Applied Optoelectronics by 24.4% during the 4th quarter. Advisor Group Inc. now owns 4,097 shares of the semiconductor company’s stock worth $63,000 after purchasing an additional 803 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Applied Optoelectronics by 41.2% during the 4th quarter. Flinton Capital Management LLC now owns 5,474 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 1,598 shares in the last quarter. 59.89% of the stock is currently owned by institutional investors.

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.

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