Applied Optoelectronics Inc (NASDAQ:AAOI) Receives $11.30 Consensus Target Price from Analysts

Applied Optoelectronics Inc (NASDAQ:AAOI) has earned an average rating of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.30.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Applied Optoelectronics from a “neutral” rating to an “underweight” rating and set a $11.00 target price for the company. in a research report on Tuesday, October 22nd. They noted that the move was a valuation call. Rosenblatt Securities upgraded shares of Applied Optoelectronics from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $13.00 in a research report on Tuesday, November 5th. Zacks Investment Research downgraded shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Northland Securities reiterated a “sell” rating and set a $6.50 price objective on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Finally, ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Shares of NASDAQ:AAOI traded up $0.03 during mid-day trading on Friday, reaching $10.28. The stock had a trading volume of 430,500 shares, compared to its average volume of 724,661. The business’s 50 day moving average price is $10.48 and its 200 day moving average price is $10.02. Applied Optoelectronics has a 1 year low of $8.34 and a 1 year high of $21.92. The company has a market cap of $218.51 million, a P/E ratio of 19.40 and a beta of 2.05. The company has a current ratio of 2.96, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.09. Applied Optoelectronics had a negative return on equity of 8.12% and a negative net margin of 19.57%. The business had revenue of $46.08 million during the quarter, compared to analysts’ expectations of $47.75 million. During the same quarter last year, the business posted $0.14 EPS. The firm’s revenue for the quarter was down 18.3% compared to the same quarter last year. Analysts predict that Applied Optoelectronics will post -1.46 earnings per share for the current fiscal year.

In other news, CFO Stefan J. Murry sold 6,000 shares of Applied Optoelectronics stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $10.41, for a total value of $62,460.00. Following the completion of the transaction, the chief financial officer now owns 65,443 shares in the company, valued at approximately $681,261.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.64% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its position in Applied Optoelectronics by 76.3% in the third quarter. Tower Research Capital LLC TRC now owns 2,637 shares of the semiconductor company’s stock worth $30,000 after buying an additional 1,141 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Applied Optoelectronics by 37.1% in the second quarter. Meadow Creek Investment Management LLC now owns 4,848 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,312 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth about $51,000. Neuburgh Advisers LLC lifted its holdings in shares of Applied Optoelectronics by 37.1% in the 2nd quarter. Neuburgh Advisers LLC now owns 6,666 shares of the semiconductor company’s stock worth $68,000 after acquiring an additional 1,804 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of Applied Optoelectronics by 35.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,685 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 61.95% of the company’s stock.

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.

See Also: Penny Stocks, What You Need To Know

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.