Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) shares traded up 9.7% during mid-day trading on Tuesday . The company traded as high as $11.04 and last traded at $11.02. 1,782,081 shares were traded during mid-day trading, a decline of 56% from the average session volume of 4,075,894 shares. The stock had previously closed at $10.05.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on AAOI shares. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price target on shares of Applied Optoelectronics in a report on Friday, March 14th. B. Riley upgraded shares of Applied Optoelectronics from a "sell" rating to a "neutral" rating and set a $13.00 price objective on the stock in a research note on Friday, March 7th. Raymond James decreased their target price on shares of Applied Optoelectronics from $31.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, StockNews.com raised shares of Applied Optoelectronics to a "sell" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $23.60.
Check Out Our Latest Stock Analysis on Applied Optoelectronics
Applied Optoelectronics Price Performance
The company's 50-day simple moving average is $17.96 and its 200 day simple moving average is $25.03. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $546.32 million, a price-to-earnings ratio of -5.30 and a beta of 2.57.
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 the consensus estimate 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 company had revenue of $100.27 million during the quarter, compared to analyst estimates of $99.92 million. Equities research analysts forecast that Applied Optoelectronics, Inc. will post -1.18 EPS for the current year.
Insider Buying and Selling at Applied Optoelectronics
In other Applied Optoelectronics news, CFO Stefan J. Murry sold 2,000 shares of the firm's 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 sale, the chief financial officer now owns 196,581 shares of the company's stock, valued at $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 is available through this link. Corporate insiders own 4.96% of the company's stock.
Hedge Funds Weigh In On Applied Optoelectronics
A number of institutional investors and hedge funds have recently bought and sold shares of AAOI. Vanguard Group Inc. increased its stake in Applied Optoelectronics by 11.0% during the fourth quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company's stock valued at $89,548,000 after acquiring an additional 241,594 shares during the period. Virtu Financial LLC acquired a new position in shares of Applied Optoelectronics in the third quarter valued at $353,000. Emerald Advisers LLC lifted its position in Applied Optoelectronics by 15.3% in the fourth quarter. Emerald Advisers LLC now owns 606,997 shares of the semiconductor company's stock worth $22,374,000 after purchasing an additional 80,539 shares during the period. Affinity Wealth Management LLC bought a new stake in Applied Optoelectronics in the 4th quarter valued at $7,965,000. Finally, State Street Corp raised its stake in shares of Applied Optoelectronics by 27.7% in the 3rd quarter. State Street Corp now owns 887,259 shares of the semiconductor company's stock valued at $12,697,000 after buying an additional 192,308 shares in the last quarter. Institutional investors own 61.72% of the company's stock.
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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