Raymond James Issues Positive Forecast for Applied Optoelectronics (NASDAQ:AAOI) Stock Price

Applied Optoelectronics (NASDAQ:AAOI - Free Report) had its price objective hoisted by Raymond James to $31.00 in a research report released on Friday,Stock Target Advisor reports. Raymond James currently has a buy rating on the semiconductor company's stock.

Other analysts also recently issued research reports about the company. Northland Securities reaffirmed an "outperform" rating and issued a $40.00 target price (up previously from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. B. Riley lowered Applied Optoelectronics from a "neutral" rating to a "sell" rating and set a $14.00 price target on the stock. in a research report on Tuesday, December 10th. StockNews.com raised Applied Optoelectronics to a "sell" rating in a report on Wednesday, February 26th. Finally, Rosenblatt Securities restated a "buy" rating and set a $44.00 target price on shares of Applied Optoelectronics in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $27.60.

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Applied Optoelectronics Stock Up 2.4 %

NASDAQ AAOI traded up $0.42 during trading on Friday, hitting $18.14. The stock had a trading volume of 7,228,284 shares, compared to its average volume of 3,795,488. Applied Optoelectronics has a 12 month low of $6.70 and a 12 month high of $44.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. The company's 50-day moving average price is $29.95 and its two-hundred day moving average price is $24.31. The company has a market capitalization of $850.19 million, a PE ratio of -8.81 and a beta of 2.36.

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

Insider Activity

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 2,298 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total value of $80,820.66. Following the transaction, the chief financial officer now directly owns 209,831 shares in the company, valued at $7,379,756.27. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard B. Black sold 10,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 157,813 shares in the company, valued at $4,576,577. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,298 shares of company stock valued at $850,401 over the last three months. Insiders own 5.40% of the company's stock.

Institutional Trading of Applied Optoelectronics

Several hedge funds and other institutional investors have recently modified their holdings of AAOI. XTX Topco Ltd bought a new position in Applied Optoelectronics in the 3rd quarter valued at about $1,109,000. Harbor Capital Advisors Inc. acquired a new position in shares of Applied Optoelectronics in the third quarter valued at approximately $1,319,000. Westfield Capital Management Co. LP bought a new position in shares of Applied Optoelectronics during the third quarter worth approximately $19,019,000. Virtu Financial LLC acquired a new stake in Applied Optoelectronics during the 3rd quarter worth approximately $353,000. Finally, Affinity Wealth Management LLC bought a new stake in Applied Optoelectronics in the 4th quarter valued at $7,965,000. 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.