Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $17.90, but opened at $19.50. Applied Optoelectronics shares last traded at $22.30, with a volume of 4,221,311 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on AAOI shares. Northland Securities lifted their price target on Applied Optoelectronics from $18.00 to $25.00 and gave the company an "outperform" rating in a research report on Friday. Rosenblatt Securities lifted their price target on Applied Optoelectronics from $20.00 to $27.50 and gave the company a "buy" rating in a research report on Friday. StockNews.com upgraded Applied Optoelectronics to a "sell" rating in a research report on Friday, October 25th. B. Riley dropped their price target on Applied Optoelectronics from $12.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Finally, B. Riley Financial restated a "neutral" rating and set a $9.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.70.
Read Our Latest Stock Analysis on Applied Optoelectronics
Applied Optoelectronics Stock Performance
The company has a market cap of $1.14 billion, a PE ratio of -13.48 and a beta of 1.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 0.97. The business has a 50-day moving average of $15.27 and a 200 day moving average of $11.67.
Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.01. Applied Optoelectronics had a negative return on equity of 19.82% and a negative net margin of 34.84%. The firm had revenue of $43.27 million for the quarter, compared to the consensus estimate of $44.14 million. During the same quarter last year, the company earned ($0.31) earnings per share. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Applied Optoelectronics, Inc. will post -1.08 EPS for the current fiscal year.
Insider Buying and Selling
In other Applied Optoelectronics news, insider David C. Kuo sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $15.02, for a total transaction of $150,200.00. Following the completion of the transaction, the insider now owns 132,921 shares in the company, valued at $1,996,473.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.40% of the stock is currently owned by company insiders.
Institutional Trading of Applied Optoelectronics
Several institutional investors and hedge funds have recently made changes to their positions in AAOI. CANADA LIFE ASSURANCE Co bought a new position in shares of Applied Optoelectronics during the 1st quarter worth $46,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Applied Optoelectronics by 272.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company's stock worth $77,000 after acquiring an additional 6,787 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Applied Optoelectronics during the 2nd quarter worth about $89,000. Truvestments Capital LLC bought a new position in Applied Optoelectronics during the 1st quarter worth about $161,000. Finally, Oppenheimer & Co. Inc. bought a new position in Applied Optoelectronics during the 3rd quarter worth about $186,000. 61.72% of the stock is currently owned by institutional investors.
About Applied Optoelectronics
(
Get Free Report)
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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