Applied Optoelectronics’ (AAOI) Buy Rating Reiterated at Rosenblatt Securities

Applied Optoelectronics (NASDAQ:AAOI)‘s stock had its “buy” rating reaffirmed by Rosenblatt Securities in a report released on Monday,Benzinga reports. They currently have a $44.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 62.72% from the company’s current price.

Several other research firms have also issued reports on AAOI. B. Riley lowered Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price target for the company. in a report on Tuesday, December 10th. Northland Securities reiterated an “outperform” rating and set a $40.00 price objective (up from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. Raymond James raised their target price on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $29.20.

Applied Optoelectronics Trading Down 1.7 %

Shares of AAOI stock opened at $27.04 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -13.13 and a beta of 2.36. Applied Optoelectronics has a 1 year low of $6.70 and a 1 year high of $44.50. The firm has a fifty day moving average price of $31.32 and a 200-day moving average price of $23.67.

Insider Activity at Applied Optoelectronics

In other Applied Optoelectronics news, Director Min-Chu (Mike) Chen sold 9,790 shares of Applied Optoelectronics stock in a transaction on Friday, November 29th. The shares were sold at an average price of $40.00, for a total value of $391,600.00. Following the sale, the director now directly owns 165,054 shares in the company, valued at approximately $6,602,160. The trade was a 5.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard B. Black sold 8,162 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $37.18, for a total transaction of $303,463.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,250 shares of company stock valued at $1,976,264. 5.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Applied Optoelectronics

Large investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new position in Applied Optoelectronics during the third quarter valued at approximately $19,019,000. Whale Rock Capital Management LLC bought a new position in shares of Applied Optoelectronics during the 3rd quarter valued at approximately $16,145,000. Nomura Holdings Inc. bought a new position in shares of Applied Optoelectronics during the 4th quarter valued at approximately $31,331,000. Yong Rong HK Asset Management Ltd bought a new stake in Applied Optoelectronics in the fourth quarter worth $27,645,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Applied Optoelectronics during the fourth quarter valued at $23,354,000. 61.72% of the stock is owned by institutional investors.

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.