Analysts Set Applied Optoelectronics, Inc. (NASDAQ:AAOI) Price Target at $15.00

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOIGet Free Report) have been given an average recommendation of “Moderate Buy” by the four analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.00.

AAOI has been the topic of several analyst reports. Rosenblatt Securities dropped their target price on Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday. B. Riley Financial cut their price objective on shares of Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday. StockNews.com lowered shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet upgraded shares of Applied Optoelectronics from a “d” rating to a “c-” rating in a research note on Friday, February 23rd. Finally, B. Riley reduced their price objective on Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday.

Check Out Our Latest Report on Applied Optoelectronics

Applied Optoelectronics Trading Down 2.2 %

Shares of NASDAQ AAOI opened at $10.00 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $12.50 and its two-hundred day moving average price is $15.22. Applied Optoelectronics has a 52-week low of $1.64 and a 52-week high of $24.75. The stock has a market capitalization of $389.10 million, a P/E ratio of -5.49 and a beta of 2.12.

Applied Optoelectronics (NASDAQ:AAOIGet Free Report) last announced its quarterly earnings data 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 the consensus estimate of $65.19 million. Applied Optoelectronics had a negative net margin of 30.65% and a negative return on equity of 16.30%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.27) EPS. On average, analysts anticipate that Applied Optoelectronics will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Applied Optoelectronics

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

Hedge Funds Weigh In On Applied Optoelectronics

Several large investors have recently made changes to their positions in AAOI. Goldman Sachs Group Inc. raised its holdings 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 in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Applied Optoelectronics by 875.9% in the first quarter. Assenagon Asset Management S.A. now owns 631,799 shares of the semiconductor company’s stock valued at $8,757,000 after buying an additional 567,056 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong lifted its position in shares of Applied Optoelectronics by 380.6% during the 4th quarter. CloudAlpha Capital Management Limited Hong Kong now owns 637,200 shares of the semiconductor company’s stock valued at $12,311,000 after acquiring an additional 504,610 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Applied Optoelectronics during the 4th quarter valued at $9,716,000. Finally, Vanguard Group Inc. boosted its stake in shares of Applied Optoelectronics by 29.2% during the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock worth $27,089,000 after acquiring an additional 442,277 shares in the last quarter. Institutional investors own 61.72% of the company’s stock.

About Applied Optoelectronics

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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.

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