Northland Securities Issues Positive Forecast for Applied Optoelectronics (NASDAQ:AAOI) Stock Price

Applied Optoelectronics (NASDAQ:AAOI) had its price objective boosted by Northland Securities from $18.00 to $25.00 in a research note published on Friday morning,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

AAOI has been the topic of several other research reports. Raymond James increased their target price on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of Applied Optoelectronics in a report on Wednesday, October 9th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th. B. Riley decreased their target price on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, B. Riley Financial reissued a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.70.

Applied Optoelectronics Price Performance

Shares of AAOI traded up $9.86 during trading hours on Friday, hitting $27.76. 19,430,463 shares of the stock were exchanged, compared to its average volume of 2,555,824. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.64. Applied Optoelectronics has a 12-month low of $6.70 and a 12-month high of $27.81. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -13.48 and a beta of 1.96. The stock’s 50-day moving average price is $15.59 and its two-hundred day moving average price is $11.79.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. Applied Optoelectronics had a negative return on equity of 19.82% and a negative net margin of 34.84%. The company had revenue of $43.27 million for the quarter, compared to analyst estimates of $44.14 million. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts expect that Applied Optoelectronics will post -1.08 earnings per share for the current year.

Insider Buying and Selling at Applied Optoelectronics

In other news, insider David C. Kuo sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $15.02, for a total transaction of $150,200.00. Following the completion of the sale, the insider now directly owns 132,921 shares of the company’s stock, valued at $1,996,473.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Applied Optoelectronics

Several large investors have recently modified their holdings of AAOI. CANADA LIFE ASSURANCE Co purchased a new stake in shares of Applied Optoelectronics in the first quarter valued at $46,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Applied Optoelectronics by 272.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock worth $77,000 after buying an additional 6,787 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Applied Optoelectronics during the second quarter worth about $89,000. Emerald Mutual Fund Advisers Trust grew its position in Applied Optoelectronics by 2.8% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 410,154 shares of the semiconductor company’s stock worth $5,869,000 after buying an additional 11,037 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in Applied Optoelectronics during the first quarter worth about $161,000. 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.