Applied Optoelectronics, Inc. (NASDAQ:AAOI - Get Free Report) was up 8.4% during trading on Friday . The company traded as high as $16.93 and last traded at $16.93. Approximately 959,062 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 2,443,365 shares. The stock had previously closed at $15.62.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on AAOI. Raymond James raised shares of Applied Optoelectronics from a "market perform" rating to an "outperform" rating and set a $17.00 target price on the stock in a research note on Tuesday, September 3rd. Rosenblatt Securities restated a "buy" rating and set a $20.00 target price on shares of Applied Optoelectronics in a research report on Wednesday, October 9th. B. Riley Financial reiterated a "neutral" rating and issued a $9.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 8th. StockNews.com raised Applied Optoelectronics to a "sell" rating in a report on Friday, October 25th. Finally, B. Riley lowered their target price on shares of Applied Optoelectronics from $12.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $13.75.
View Our Latest Stock Report on Applied Optoelectronics
Applied Optoelectronics Stock Performance
The stock's 50 day moving average is $14.69 and its two-hundred day moving average is $11.54. The stock has a market capitalization of $688.76 million, a price-to-earnings ratio of -8.82 and a beta of 1.96. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41.
Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) last released its earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating analysts' consensus estimates of ($0.29) by $0.01. The business had revenue of $43.27 million during the quarter, compared to the consensus estimate of $44.14 million. Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.31) earnings per share. Analysts expect that Applied Optoelectronics, Inc. will post -1.08 earnings per share for the current fiscal year.
Insider Buying and Selling at Applied Optoelectronics
In related news, insider David C. Kuo sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.40% of the company's stock.
Institutional Trading of Applied Optoelectronics
A number of hedge funds and other institutional investors have recently bought and sold shares of AAOI. Vanguard Group Inc. raised its holdings in shares of Applied Optoelectronics by 29.2% in the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company's stock valued at $27,089,000 after acquiring an additional 442,277 shares in the last quarter. AQR Capital Management LLC raised its stake in Applied Optoelectronics by 90.7% in the second quarter. AQR Capital Management LLC now owns 75,981 shares of the semiconductor company's stock valued at $630,000 after purchasing an additional 36,138 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Applied Optoelectronics during the second quarter valued at about $956,000. Swiss National Bank bought a new stake in Applied Optoelectronics during the first quarter worth about $1,123,000. Finally, Kennedy Capital Management LLC boosted its holdings in shares of Applied Optoelectronics by 88.6% in the 1st quarter. Kennedy Capital Management LLC now owns 463,213 shares of the semiconductor company's stock worth $6,420,000 after purchasing an additional 217,624 shares in the last quarter. Institutional investors own 61.72% of the company's stock.
Applied Optoelectronics Company Profile
(
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.
Recommended Stories
Before you consider Applied Optoelectronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Applied Optoelectronics wasn't on the list.
While Applied Optoelectronics currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
