Applied Optoelectronics (NASDAQ:AAOI) Price Target Cut to $12.00

Applied Optoelectronics (NASDAQ:AAOIFree Report) had its price target reduced by B. Riley Financial from $16.00 to $12.00 in a research note issued to investors on Friday morning, Stock Target Advisor reports. B. Riley Financial currently has a neutral rating on the semiconductor company’s stock.

AAOI has been the topic of a number of other research reports. StockNews.com downgraded Applied Optoelectronics from a hold rating to a sell rating in a research note on Friday. TheStreet raised Applied Optoelectronics from a d rating to a c- rating in a research note on Friday, February 23rd. B. Riley restated a neutral rating and set a $16.00 target price (down from $22.00) on shares of Applied Optoelectronics in a research report on Friday, February 23rd. Finally, Rosenblatt Securities cut their price target on shares of Applied Optoelectronics from $23.00 to $20.00 and set a buy rating on the stock in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $15.00.

Read Our Latest Stock Analysis on Applied Optoelectronics

Applied Optoelectronics Price Performance

Applied Optoelectronics stock opened at $10.22 on Friday. The business’s 50-day simple moving average is $12.60 and its 200 day simple moving average is $15.20. The company has a quick ratio of 1.16, a current ratio of 1.85 and a debt-to-equity ratio of 0.38. The stock has a market cap of $395.82 million, a price-to-earnings ratio of -5.62 and a beta of 2.12. Applied Optoelectronics has a 12-month low of $1.64 and a 12-month high of $24.75.

Applied Optoelectronics (NASDAQ:AAOIGet Free Report) last issued its earnings results on Thursday, February 22nd. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $60.50 million for the quarter, compared to analyst estimates of $65.19 million. Applied Optoelectronics had a negative net margin of 30.65% and a negative return on equity of 16.52%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.27) EPS. As a group, research analysts anticipate that Applied Optoelectronics will post -0.2 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Applied Optoelectronics

Several institutional investors have recently bought and sold shares of AAOI. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Applied Optoelectronics during the 3rd quarter worth about $167,000. Headlands Technologies LLC bought a new position in Applied Optoelectronics in the fourth quarter valued at approximately $191,000. Bailard Inc. acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth approximately $305,000. Jump Financial LLC bought a new stake in shares of Applied Optoelectronics during the 3rd quarter worth approximately $320,000. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of Applied Optoelectronics in the 4th quarter valued at approximately $367,000. Institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Company Profile

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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.

Further Reading

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