Applied Optoelectronics Inc (NASDAQ:AAOI) has earned an average recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $13.69.
A number of equities analysts have commented on AAOI shares. JPMorgan Chase & Co. cut shares of Applied Optoelectronics from a “neutral” rating to an “underweight” rating and set a $11.00 price objective for the company. in a research note on Tuesday, October 22nd. They noted that the move was a valuation call. ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. Rosenblatt Securities reissued a “hold” rating and issued a $10.00 price objective on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Zacks Investment Research cut shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Northland Securities reissued a “sell” rating and issued a $6.50 price objective on shares of Applied Optoelectronics in a research note on Thursday, August 8th.
AAOI traded up $0.25 during trading on Monday, hitting $10.16. 363,800 shares of the company traded hands, compared to its average volume of 695,407. The company has a market cap of $197.09 million, a PE ratio of 19.17 and a beta of 2.08. The stock’s 50-day simple moving average is $10.71 and its two-hundred day simple moving average is $10.24. Applied Optoelectronics has a 1 year low of $8.34 and a 1 year high of $23.38. The company has a current ratio of 2.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37.
Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Wednesday, August 7th. The semiconductor company reported ($0.41) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.06. The company had revenue of $43.40 million during the quarter, compared to analysts’ expectations of $42.49 million. Applied Optoelectronics had a negative net margin of 16.22% and a negative return on equity of 6.14%. Applied Optoelectronics’s quarterly revenue was down 50.6% on a year-over-year basis. During the same period last year, the company posted $0.64 earnings per share. Equities analysts expect that Applied Optoelectronics will post -1.46 EPS for the current year.
In other news, CFO Stefan J. Murry sold 6,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $10.41, for a total value of $62,460.00. Following the completion of the sale, the chief financial officer now owns 65,443 shares in the company, valued at approximately $681,261.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC lifted its holdings in shares of Applied Optoelectronics by 37.1% in the 2nd quarter. Flinton Capital Management LLC now owns 10,302 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 2,788 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Applied Optoelectronics by 117.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,562 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 4,624 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth about $136,000. Everence Capital Management Inc. bought a new stake in shares of Applied Optoelectronics in the 2nd quarter worth about $198,000. Finally, Swiss National Bank lifted its holdings in shares of Applied Optoelectronics by 6.0% in the 2nd quarter. Swiss National Bank now owns 35,100 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 64.60% of the company’s stock.
Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.
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