Applied Optoelectronics (NASDAQ:AAOI) Given New $30.00 Price Target at Rosenblatt Securities

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) had its price objective decreased by analysts at Rosenblatt Securities from $36.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Rosenblatt Securities' price target would indicate a potential upside of 173.97% from the stock's current price.

Several other analysts have also recently weighed in on AAOI. StockNews.com raised Applied Optoelectronics to a "sell" rating in a report on Wednesday, February 26th. B. Riley upgraded shares of Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 target price for the company in a research report on Friday, March 7th. Finally, Raymond James dropped their price target on Applied Optoelectronics from $31.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Applied Optoelectronics currently has a consensus rating of "Hold" and an average target price of $22.40.

Applied Optoelectronics Stock Performance

Shares of Applied Optoelectronics stock traded up $0.90 during trading hours on Tuesday, reaching $10.95. The company had a trading volume of 2,708,585 shares, compared to its average volume of 3,116,389. The firm has a market cap of $545.87 million, a PE ratio of -5.32 and a beta of 2.57. Applied Optoelectronics has a one year low of $6.70 and a one year high of $44.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The business has a fifty day simple moving average of $17.96 and a 200 day simple moving average of $25.03.

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

Insider Buying and Selling

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 2,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.06, for a total value of $46,120.00. Following the completion of the sale, the chief financial officer now owns 196,581 shares in the company, valued at approximately $4,533,157.86. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.96% of the stock is owned by corporate insiders.

Institutional Trading of Applied Optoelectronics

Several large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. increased its position in shares of Applied Optoelectronics by 182.7% during the first quarter. Assenagon Asset Management S.A. now owns 976,520 shares of the semiconductor company's stock valued at $14,990,000 after buying an additional 631,128 shares during the period. SG Americas Securities LLC purchased a new stake in Applied Optoelectronics in the first quarter worth $370,000. GAMMA Investing LLC raised its holdings in Applied Optoelectronics by 9,789.9% in the first quarter. GAMMA Investing LLC now owns 14,736 shares of the semiconductor company's stock worth $2,260,000 after purchasing an additional 14,587 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Applied Optoelectronics by 4.4% during the 4th quarter. California State Teachers Retirement System now owns 36,471 shares of the semiconductor company's stock valued at $1,344,000 after buying an additional 1,524 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Applied Optoelectronics in the 4th quarter worth about $5,068,000. Institutional investors own 61.72% of the company's stock.

Applied Optoelectronics Company Profile

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.

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