Applied Optoelectronics Inc (NASDAQ:AAOI) Receives $15.86 Consensus Price Target from Brokerages

Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) have been assigned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.86.

A number of research analysts recently weighed in on the stock. TheStreet cut shares of Applied Optoelectronics from a “c-” rating to a “d+” rating in a research note on Thursday, May 9th. Zacks Investment Research upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Rosenblatt Securities restated a “sell” rating and set a $10.00 target price on shares of Applied Optoelectronics in a research note on Monday, April 15th. BidaskClub upgraded shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 13th. Finally, Piper Jaffray Companies lowered their target price on shares of Applied Optoelectronics from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th.

Shares of AAOI traded down $0.05 during trading hours on Tuesday, reaching $9.06. 19,156 shares of the stock traded hands, compared to its average volume of 430,689. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.82 and a current ratio of 3.12. Applied Optoelectronics has a 52-week low of $8.56 and a 52-week high of $50.30. The company’s 50-day simple moving average is $9.47. The company has a market capitalization of $177.83 million, a P/E ratio of 17.31 and a beta of 2.17.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). Applied Optoelectronics had a negative net margin of 5.78% and a negative return on equity of 0.36%. The firm had revenue of $52.72 million for the quarter, compared to analysts’ expectations of $52.86 million. During the same quarter last year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down 19.2% compared to the same quarter last year. Equities research analysts expect that Applied Optoelectronics will post -1.52 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in AAOI. NumerixS Investment Technologies Inc purchased a new stake in Applied Optoelectronics in the 4th quarter worth $29,000. Neuburgh Advisers LLC lifted its stake in Applied Optoelectronics by 41.2% in 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. lifted its stake in Applied Optoelectronics by 24.4% in 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. Cerebellum GP LLC purchased a new stake in Applied Optoelectronics in the 1st quarter worth $72,000. Finally, Flinton Capital Management LLC lifted its stake in Applied Optoelectronics by 41.2% in 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. Institutional investors and hedge funds own 63.25% of the company’s stock.

About Applied Optoelectronics

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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Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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