Applied Optoelectronics (NASDAQ:AAOI) Upgraded at B. Riley

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) was upgraded by research analysts at B. Riley from a "sell" rating to a "neutral" rating in a report issued on Friday, MarketBeat.com reports. The brokerage currently has a $13.00 target price on the semiconductor company's stock. B. Riley's price objective points to a potential downside of 17.83% from the stock's previous close.

Other research analysts also recently issued reports about the stock. Raymond James boosted their price objective on shares of Applied Optoelectronics to $31.00 and gave the company a "buy" rating in a research report on Friday, February 28th. StockNews.com raised shares of Applied Optoelectronics to a "sell" rating in a research report on Wednesday, February 26th. Rosenblatt Securities reissued a "buy" rating and set a $44.00 price objective on shares of Applied Optoelectronics in a research report on Monday, February 24th. Finally, Northland Securities reaffirmed an "outperform" rating and issued a $40.00 target price (up from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $27.40.

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Applied Optoelectronics Trading Up 1.7 %

Shares of NASDAQ AAOI traded up $0.27 during mid-day trading on Friday, hitting $15.82. The stock had a trading volume of 3,588,233 shares, compared to its average volume of 3,800,398. 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 business has a 50 day moving average price of $28.13 and a two-hundred day moving average price of $24.43. The firm has a market cap of $785.48 million, a P/E ratio of -7.68 and a beta of 2.36.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share (EPS) 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, equities analysts anticipate that Applied Optoelectronics will post -1.18 EPS for the current fiscal year.

Insider Transactions at Applied Optoelectronics

In related news, Director Richard B. Black sold 10,000 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $29.00, for a total value of $290,000.00. Following the transaction, the director now owns 157,813 shares in the company, valued at $4,576,577. The trade was a 5.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stefan J. Murry sold 2,298 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $35.17, for a total transaction of $80,820.66. Following the completion of the transaction, the chief financial officer now owns 209,831 shares in the company, valued at approximately $7,379,756.27. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,298 shares of company stock valued at $850,401 in the last three months. 5.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Applied Optoelectronics

Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Applied Optoelectronics during the 4th quarter valued at about $38,000. Sterling Capital Management LLC lifted its stake in Applied Optoelectronics by 858.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 1,150 shares during the period. Canada Pension Plan Investment Board bought a new position in Applied Optoelectronics during the 4th quarter valued at about $63,000. Pingora Partners LLC bought a new position in Applied Optoelectronics during the 3rd quarter valued at about $82,000. Finally, FMR LLC lifted its stake in Applied Optoelectronics by 3,290.6% during the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 5,956 shares during the period. 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.