Applied Optoelectronics (NASDAQ:AAOI) Earns “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Applied Optoelectronics (NASDAQ:AAOI) in a report published on Monday morning, MarketBeat Ratings reports. Rosenblatt Securities currently has a $44.00 price objective on the semiconductor company’s stock.

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

Applied Optoelectronics Stock Up 7.9 %

AAOI stock opened at $25.19 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. Applied Optoelectronics has a 52 week low of $6.70 and a 52 week high of $44.50. The stock has a market capitalization of $1.18 billion, a PE ratio of -12.23 and a beta of 2.36. The firm has a 50 day moving average of $30.81 and a 200 day moving average of $23.92.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Wednesday, February 26th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). Applied Optoelectronics had a negative return on equity of 22.36% and a negative net margin of 38.61%. Sell-side analysts forecast that Applied Optoelectronics will post -1.18 earnings per share for the current year.

Insider Activity

In other Applied Optoelectronics news, Director William H. Yeh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.08, for a total transaction of $430,800.00. Following the completion of the transaction, the director now owns 223,538 shares of the company’s stock, valued at $9,630,017.04. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stefan J. Murry sold 2,298 shares of Applied Optoelectronics stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $35.17, for a total value of $80,820.66. Following the completion of the sale, the chief financial officer now directly owns 209,831 shares in the company, valued at $7,379,756.27. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,088 shares of company stock worth $1,672,801 over the last three months. 5.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Applied Optoelectronics

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Applied Optoelectronics by 11.0% during the 4th quarter. Vanguard Group Inc. now owns 2,429,418 shares of the semiconductor company’s stock worth $89,548,000 after purchasing an additional 241,594 shares during the last quarter. Royce & Associates LP increased its stake in shares of Applied Optoelectronics by 47.7% in the 3rd quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock worth $22,847,000 after acquiring an additional 515,489 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Applied Optoelectronics in the 3rd quarter worth $19,019,000. Whale Rock Capital Management LLC purchased a new position in shares of Applied Optoelectronics during the 3rd quarter worth $16,145,000. Finally, Geode Capital Management LLC grew its holdings in shares of Applied Optoelectronics by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 979,769 shares of the semiconductor company’s stock valued at $36,123,000 after purchasing an additional 70,210 shares during the period. Hedge funds and other institutional investors 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.