Brokerages Set Applied Optoelectronics, Inc. (NASDAQ:AAOI) Price Target at $25.80

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $25.80.

A number of brokerages have recently commented on AAOI. StockNews.com upgraded Applied Optoelectronics to a "sell" rating in a research note on Wednesday, February 26th. Rosenblatt Securities reissued a "buy" rating and set a $36.00 price target on shares of Applied Optoelectronics in a research note on Friday, March 14th. Northland Securities reaffirmed an "outperform" rating and issued a $40.00 price objective (up previously from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. B. Riley raised shares of Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 target price on the stock in a report on Friday, March 7th. Finally, Raymond James raised their price target on shares of Applied Optoelectronics to $31.00 and gave the company a "buy" rating in a research note on Friday, February 28th.

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Applied Optoelectronics Price Performance

Shares of Applied Optoelectronics stock traded down $3.13 during trading on Tuesday, reaching $12.83. 6,025,311 shares of the company's stock were exchanged, compared to its average volume of 2,992,107. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. Applied Optoelectronics has a 1-year low of $6.70 and a 1-year high of $44.50. The company has a market cap of $639.59 million, a P/E ratio of -6.23 and a beta of 2.36. The firm's 50-day moving average price is $22.96 and its 200 day moving average price is $25.32.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last issued its earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The business had revenue of $100.27 million for the quarter, compared to analyst estimates of $99.92 million. Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. As a group, research analysts anticipate that Applied Optoelectronics will post -1.18 earnings per share for the current year.

Insider Buying and Selling at Applied Optoelectronics

In other news, Director Richard B. Black sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $29.00, for a total transaction of $290,000.00. Following the completion of the sale, the director now owns 157,813 shares of the company's stock, valued at $4,576,577. This trade represents a 5.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Stefan J. Murry sold 2,298 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total transaction of $80,820.66. Following the transaction, the chief financial officer now owns 209,831 shares in the company, valued at $7,379,756.27. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,298 shares of company stock valued at $543,821. 4.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AAOI. Corebridge Financial Inc. increased its holdings in shares of Applied Optoelectronics by 2.4% during the fourth quarter. Corebridge Financial Inc. now owns 20,253 shares of the semiconductor company's stock valued at $747,000 after acquiring an additional 471 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Applied Optoelectronics by 3.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company's stock valued at $210,000 after purchasing an additional 483 shares during the period. Arizona State Retirement System raised its holdings in Applied Optoelectronics by 5.7% during the fourth quarter. Arizona State Retirement System now owns 11,246 shares of the semiconductor company's stock worth $415,000 after buying an additional 603 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Applied Optoelectronics by 17.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company's stock valued at $157,000 after buying an additional 637 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Applied Optoelectronics by 3.6% during the fourth quarter. Virtu Financial LLC now owns 25,529 shares of the semiconductor company's stock valued at $941,000 after buying an additional 895 shares during the last quarter. 61.72% of the stock is owned by institutional investors and hedge funds.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.