StockNews.com upgraded shares of Applied Optoelectronics (NASDAQ:AAOI - Free Report) to a sell rating in a research report sent to investors on Wednesday.
Several other analysts also recently issued reports on the company. Raymond James boosted their price target on Applied Optoelectronics from $17.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $44.00 price objective on shares of Applied Optoelectronics in a report on Monday, February 24th. B. Riley cut Applied Optoelectronics from a "neutral" rating to a "sell" rating and set a $14.00 price objective for the company. in a report on Tuesday, December 10th. Finally, Northland Securities reaffirmed an "outperform" rating and issued a $40.00 price objective (up from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Applied Optoelectronics has an average rating of "Hold" and an average target price of $27.60.
Check Out Our Latest Stock Report on AAOI
Applied Optoelectronics Stock Performance
AAOI traded down $2.18 during trading on Wednesday, hitting $21.86. The stock had a trading volume of 5,811,494 shares, compared to its average volume of 3,600,109. The company has a 50 day moving average price of $30.33 and a 200-day moving average price of $24.13. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -10.61 and a beta of 2.36. 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.
Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The firm had revenue of $100.27 million during the quarter, compared to the consensus estimate of $99.92 million. Applied Optoelectronics had a negative net margin of 38.61% and a negative return on equity of 22.36%. As a group, research analysts predict that Applied Optoelectronics will post -1.18 EPS for the current year.
Insider Transactions at Applied Optoelectronics
In related news, CFO Stefan J. Murry sold 2,298 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $35.17, for a total transaction of $80,820.66. Following the sale, the chief financial officer now owns 209,831 shares in the company, valued at $7,379,756.27. The trade was a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard B. Black sold 10,000 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $29.00, for a total value of $290,000.00. Following the sale, the director now owns 157,813 shares in the company, valued at $4,576,577. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,298 shares of company stock valued at $1,281,201. Corporate insiders own 5.40% of the company's stock.
Institutional Investors Weigh In On Applied Optoelectronics
Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Applied Optoelectronics during the 4th quarter worth $38,000. Sterling Capital Management LLC grew its position in shares of Applied Optoelectronics by 858.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company's stock valued at $47,000 after buying an additional 1,150 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Applied Optoelectronics in the 4th quarter valued at about $63,000. Pingora Partners LLC bought a new stake in shares of Applied Optoelectronics in the 3rd quarter valued at about $82,000. Finally, FMR LLC grew its position in shares of Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company's stock valued at $88,000 after buying an additional 5,956 shares during the last quarter. Institutional investors own 61.72% of the company's stock.
About Applied Optoelectronics
(
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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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