Applied Optoelectronics, Inc. (NASDAQ:AAOI) Given Average Recommendation of “Hold” by Brokerages

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $29.20.

A number of equities analysts have recently commented on AAOI shares. Raymond James lifted their price target on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a report on Friday, January 31st. Rosenblatt Securities lifted their price target on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Northland Securities reiterated an “outperform” rating and set a $40.00 price target (up previously from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. Finally, B. Riley lowered shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price target on the stock. in a report on Tuesday, December 10th.

Applied Optoelectronics Price Performance

Shares of NASDAQ:AAOI opened at $25.90 on Monday. The firm has a market cap of $1.21 billion, a PE ratio of -12.57 and a beta of 2.36. The firm’s fifty day moving average is $32.08 and its 200-day moving average is $22.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61. Applied Optoelectronics has a 52 week low of $6.70 and a 52 week high of $44.50.

Insider Activity at Applied Optoelectronics

In other Applied Optoelectronics news, insider Hung-Lun (Fred) Chang sold 20,323 shares of Applied Optoelectronics stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $30.35, for a total value of $616,803.05. Following the completion of the sale, the insider now directly owns 195,572 shares of the company’s stock, valued at approximately $5,935,610.20. The trade was a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William H. Yeh sold 10,000 shares of Applied Optoelectronics stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $43.08, for a total transaction of $430,800.00. Following the completion of the sale, the director now directly owns 223,538 shares of the company’s stock, valued at approximately $9,630,017.04. This trade represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,067 shares of company stock worth $3,243,938 over the last quarter. Company insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Applied Optoelectronics

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Corebridge Financial Inc. increased its position in shares of Applied Optoelectronics by 2.4% during the fourth quarter. Corebridge Financial Inc. now owns 20,253 shares of the semiconductor company’s stock worth $747,000 after acquiring an additional 471 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Applied Optoelectronics by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 483 shares in the last quarter. Arizona State Retirement System increased its position in shares of Applied Optoelectronics by 5.7% during the fourth quarter. Arizona State Retirement System now owns 11,246 shares of the semiconductor company’s stock worth $415,000 after acquiring an additional 603 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Applied Optoelectronics by 17.6% during the fourth quarter. Ameritas Investment Partners Inc. now owns 4,262 shares of the semiconductor company’s stock worth $157,000 after acquiring an additional 637 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Applied Optoelectronics by 3.6% during the fourth quarter. Virtu Financial LLC now owns 25,529 shares of the semiconductor company’s stock worth $941,000 after acquiring an additional 895 shares in the last quarter. 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.