Applied Optoelectronics Inc (AAOI) Given Consensus Rating of “Hold” by Brokerages

Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) have received an average recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $16.00.

A number of research firms have issued reports on AAOI. Zacks Investment Research lowered shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research report on Thursday. DA Davidson lowered shares of Applied Optoelectronics from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $42.00 to $16.00 in a research report on Friday, February 22nd. BidaskClub raised shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Monday, February 25th. Raymond James lowered shares of Applied Optoelectronics from an “outperform” rating to a “market perform” rating in a research report on Friday, February 22nd. Finally, ValuEngine raised shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 26th.

AAOI opened at $13.84 on Friday. Applied Optoelectronics has a 12-month low of $12.85 and a 12-month high of $50.30. The company has a quick ratio of 1.30, a current ratio of 2.51 and a debt-to-equity ratio of 0.18. The company has a market cap of $280.71 million, a price-to-earnings ratio of 26.11 and a beta of 2.01.



Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Thursday, February 21st. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.16). Applied Optoelectronics had a negative net margin of 0.80% and a positive return on equity of 3.06%. The company had revenue of $58.02 million during the quarter, compared to analyst estimates of $60.78 million. Analysts expect that Applied Optoelectronics will post -0.76 EPS for the current year.

In other news, CFO Stefan J. Murry sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $15.40, for a total transaction of $30,800.00. Following the sale, the chief financial officer now owns 64,520 shares of the company’s stock, valued at approximately $993,608. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 4,000 shares of company stock worth $63,220 in the last ninety days. Corporate insiders own 6.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its stake in shares of Applied Optoelectronics by 83.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,689 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 767 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of Applied Optoelectronics during the 4th quarter worth approximately $29,000. Neuburgh Advisers LLC grew its stake in shares of Applied Optoelectronics by 41.2% during the 4th quarter. Neuburgh Advisers LLC now owns 3,542 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 1,034 shares during the period. Advisor Group Inc. grew its stake in shares of Applied Optoelectronics by 24.4% during the 4th quarter. Advisor Group Inc. now owns 4,097 shares of the semiconductor company’s stock worth $63,000 after purchasing an additional 803 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Applied Optoelectronics during the 3rd quarter worth approximately $115,000. 60.16% of the stock is currently owned by institutional investors and hedge funds.

About Applied Optoelectronics

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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Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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