Applied Optoelectronics (NASDAQ:AAOI) Given Buy Rating at Rosenblatt Securities

Applied Optoelectronics (NASDAQ:AAOI)‘s stock had its “buy” rating reaffirmed by equities researchers at Rosenblatt Securities in a report issued on Monday, MarketBeat Ratings reports. They currently have a $44.00 price target on the semiconductor company’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 88.52% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, January 31st. Raymond James raised their price target on Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. B. Riley lowered Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price target on the stock. in a research report on Tuesday, December 10th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $40.00 price target (up previously from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $29.20.

Applied Optoelectronics Trading Down 14.6 %

NASDAQ AAOI opened at $23.34 on Monday. The firm has a market cap of $1.09 billion, a P/E ratio of -11.33 and a beta of 2.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The stock’s 50-day moving average is $30.99 and its 200-day moving average is $23.91. Applied Optoelectronics has a one year low of $6.70 and a one year high of $44.50.

Insider Activity at Applied Optoelectronics

In related news, Director William H. Yeh sold 10,000 shares of Applied Optoelectronics stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.08, for a total value of $430,800.00. Following the sale, the director now 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stefan J. Murry sold 2,298 shares of Applied Optoelectronics stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total value of $80,820.66. Following the completion of the sale, the chief financial officer now directly owns 209,831 shares in the company, valued at approximately $7,379,756.27. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,088 shares of company stock valued at $1,672,801. 5.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. GF Fund Management CO. LTD. acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth approximately $5,068,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Applied Optoelectronics by 17.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 78,959 shares of the semiconductor company’s stock worth $2,910,000 after purchasing an additional 11,684 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth approximately $13,035,000. Two Sigma Advisers LP increased its position in shares of Applied Optoelectronics by 265.8% during the 4th quarter. Two Sigma Advisers LP now owns 57,800 shares of the semiconductor company’s stock worth $2,131,000 after purchasing an additional 42,000 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Applied Optoelectronics by 10.5% during the 4th quarter. Two Sigma Investments LP now owns 588,469 shares of the semiconductor company’s stock worth $21,691,000 after purchasing an additional 55,863 shares during the last quarter. Institutional investors and hedge funds own 61.72% of the company’s stock.

About Applied Optoelectronics

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.