Brokerages Set Applied Optoelectronics, Inc. (NASDAQ:AAOI) PT at $16.88

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have earned a consensus rating of “Moderate Buy” from the four brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $16.88.

AAOI has been the subject of several recent analyst reports. TheStreet raised shares of Applied Optoelectronics from a “d” rating to a “c-” rating in a report on Friday, February 23rd. B. Riley reissued a “neutral” rating and set a $16.00 price objective (down from $22.00) on shares of Applied Optoelectronics in a report on Friday, February 23rd. Finally, Rosenblatt Securities decreased their price objective on shares of Applied Optoelectronics from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, February 23rd.

Applied Optoelectronics Price Performance

AAOI opened at $11.66 on Tuesday. The company has a fifty day simple moving average of $15.03 and a 200 day simple moving average of $14.79. The firm has a market cap of $447.74 million, a price-to-earnings ratio of -6.55 and a beta of 2.04. Applied Optoelectronics has a twelve month low of $1.60 and a twelve month high of $24.75. The company has a current ratio of 1.85, a quick ratio of 1.16 and a debt-to-equity ratio of 0.38.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.04 earnings per share for the quarter. The business had revenue of $60.50 million during the quarter, compared to analyst estimates of $65.19 million. Applied Optoelectronics had a negative net margin of 25.75% and a negative return on equity of 13.83%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned ($0.27) EPS. Equities research analysts expect that Applied Optoelectronics will post -0.2 EPS for the current fiscal year.

Insider Transactions at Applied Optoelectronics

In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin purchased 11,780 shares of Applied Optoelectronics stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of $12.66 per share, for a total transaction of $149,134.80. Following the transaction, the chief executive officer now owns 1,218,160 shares in the company, valued at approximately $15,421,905.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin purchased 11,780 shares of Applied Optoelectronics stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of $12.66 per share, for a total transaction of $149,134.80. Following the transaction, the chief executive officer now owns 1,218,160 shares in the company, valued at approximately $15,421,905.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Che-Wei Lin acquired 31,370 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $12.70 per share, for a total transaction of $398,399.00. Following the completion of the transaction, the director now owns 220,133 shares in the company, valued at $2,795,689.10. The disclosure for this purchase can be found here. Insiders own 6.10% of the company’s stock.

Institutional Trading of Applied Optoelectronics

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Applied Optoelectronics by 15.3% during the 4th quarter. Vanguard Group Inc. now owns 1,512,221 shares of the semiconductor company’s stock valued at $29,216,000 after buying an additional 200,163 shares during the period. Oberweis Asset Management Inc. grew its stake in shares of Applied Optoelectronics by 90.4% in the 4th quarter. Oberweis Asset Management Inc. now owns 891,915 shares of the semiconductor company’s stock worth $17,232,000 after purchasing an additional 423,500 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Applied Optoelectronics by 9,687.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 853,948 shares of the semiconductor company’s stock worth $16,498,000 after purchasing an additional 845,223 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong grew its stake in shares of Applied Optoelectronics by 380.6% in the 4th quarter. CloudAlpha Capital Management Limited Hong Kong now owns 637,200 shares of the semiconductor company’s stock worth $12,311,000 after purchasing an additional 504,610 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Applied Optoelectronics in the 4th quarter worth approximately $9,716,000. 61.72% of the stock is currently 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.