Applied Optoelectronics, Inc. (NASDAQ:AAOI) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the four analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.75.

A number of brokerages recently weighed in on AAOI. Raymond James raised Applied Optoelectronics from a "market perform" rating to an "outperform" rating and set a $17.00 price objective on the stock in a research note on Tuesday, September 3rd. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price target on shares of Applied Optoelectronics in a research report on Wednesday, October 9th. B. Riley decreased their price objective on shares of Applied Optoelectronics from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. StockNews.com upgraded shares of Applied Optoelectronics to a "sell" rating in a report on Friday, October 25th. Finally, B. Riley Financial reissued a "neutral" rating and set a $9.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 8th.

Applied Optoelectronics Stock Up 7.8 %

NASDAQ:AAOI traded up $1.22 on Friday, hitting $16.84. 2,367,350 shares of the company's stock traded hands, compared to its average volume of 2,450,000. The company has a market cap of $688.76 million, a PE ratio of -8.82 and a beta of 1.96. Applied Optoelectronics has a 1 year low of $6.70 and a 1 year high of $24.75. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $14.69 and a 200-day moving average price of $11.54.

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts' consensus estimates of ($0.29) by $0.01. Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%. The business had revenue of $43.27 million for the quarter, compared to the consensus estimate of $44.14 million. During the same period in the prior year, the business posted ($0.31) earnings per share. Applied Optoelectronics's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Applied Optoelectronics will post -1.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider David C. Kuo sold 10,000 shares of the business's stock in a transaction dated 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 directly owns 132,921 shares in the company, valued at approximately $1,996,473.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is owned by insiders.

Institutional Trading of Applied Optoelectronics

Several hedge funds have recently added to or reduced their stakes in AAOI. Emerald Advisers LLC grew its position in shares of Applied Optoelectronics by 2.7% in the 3rd quarter. Emerald Advisers LLC now owns 526,458 shares of the semiconductor company's stock valued at $7,534,000 after purchasing an additional 13,737 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Applied Optoelectronics in the third quarter valued at approximately $1,319,000. Emerald Mutual Fund Advisers Trust increased its position in shares of Applied Optoelectronics by 2.8% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 410,154 shares of the semiconductor company's stock worth $5,869,000 after acquiring an additional 11,037 shares in the last quarter. Rice Hall James & Associates LLC raised its holdings in shares of Applied Optoelectronics by 75.8% during the third quarter. Rice Hall James & Associates LLC now owns 235,763 shares of the semiconductor company's stock worth $3,374,000 after acquiring an additional 101,640 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Applied Optoelectronics in the 3rd quarter valued at $303,000. Institutional investors and hedge funds 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.