Applied Optoelectronics Inc (NASDAQ:AAOI) Receives Average Rating of “Hold” from Brokerages

Applied Optoelectronics Inc (NASDAQ:AAOI) has been assigned an average rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $15.86.

Several research analysts have recently commented on AAOI shares. Piper Jaffray Companies set a $55.00 price objective on Pacira Biosciences and gave the stock a “buy” rating in a research note on Tuesday, April 9th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. BidaskClub raised YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Finally, TheStreet downgraded Trade Desk from a “b-” rating to a “c-” rating in a research note on Thursday, May 9th.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Applied Optoelectronics by 0.8% during the fourth quarter. BlackRock Inc. now owns 2,823,899 shares of the semiconductor company’s stock worth $43,573,000 after purchasing an additional 22,134 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of Applied Optoelectronics during the first quarter worth about $3,908,000. Deutsche Bank AG grew its position in shares of Applied Optoelectronics by 521.4% during the fourth quarter. Deutsche Bank AG now owns 236,345 shares of the semiconductor company’s stock worth $3,646,000 after purchasing an additional 198,312 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Applied Optoelectronics by 577.5% during the fourth quarter. Prudential Financial Inc. now owns 211,649 shares of the semiconductor company’s stock worth $3,266,000 after purchasing an additional 180,409 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Applied Optoelectronics by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 208,739 shares of the semiconductor company’s stock worth $3,220,000 after purchasing an additional 8,793 shares in the last quarter. Hedge funds and other institutional investors own 63.26% of the company’s stock.



AAOI stock traded up $0.02 during trading on Friday, reaching $9.62. The stock had a trading volume of 490,445 shares, compared to its average volume of 759,881. Applied Optoelectronics has a 52 week low of $8.56 and a 52 week high of $46.00. The firm’s 50 day moving average is $9.52. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.82 and a current ratio of 3.12. The company has a market capitalization of $191.34 million, a price-to-earnings ratio of 18.15 and a beta of 2.20.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). Applied Optoelectronics had a negative net margin of 5.78% and a negative return on equity of 0.36%. The firm had revenue of $52.72 million during the quarter, compared to the consensus estimate of $52.86 million. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue was down 19.2% compared to the same quarter last year. Research analysts predict that Applied Optoelectronics will post -1.52 EPS for the current fiscal year.

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.

Further Reading: Equal Weight Rating

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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