Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report) have earned a consensus rating of “Moderate Buy” from the four brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.88.
AAOI has been the topic of several research reports. Rosenblatt Securities decreased 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 note on Friday, February 23rd. 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 restated a “neutral” rating and issued a $16.00 price target (down from $22.00) on shares of Applied Optoelectronics in a research note on Friday, February 23rd.
View Our Latest Analysis on Applied Optoelectronics
Insiders Place Their Bets
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Nomura Holdings Inc. acquired a new stake in shares of Applied Optoelectronics during the 4th quarter valued at $1,501,000. Vanguard Group Inc. boosted its stake in shares of Applied Optoelectronics by 15.3% during the fourth quarter. Vanguard Group Inc. now owns 1,512,221 shares of the semiconductor company’s stock valued at $29,216,000 after purchasing an additional 200,163 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Applied Optoelectronics by 9,687.4% during the fourth 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 during the last quarter. GSA Capital Partners LLP increased its stake in shares of Applied Optoelectronics by 54.4% in the fourth quarter. GSA Capital Partners LLP now owns 65,252 shares of the semiconductor company’s stock valued at $1,261,000 after buying an additional 22,999 shares during the period. Finally, Barclays PLC raised its holdings in Applied Optoelectronics by 280.1% in the 4th quarter. Barclays PLC now owns 151,722 shares of the semiconductor company’s stock valued at $2,931,000 after buying an additional 235,972 shares during the last quarter. 61.72% of the stock is currently owned by institutional investors and hedge funds.
Applied Optoelectronics Price Performance
Shares of AAOI opened at $12.12 on Tuesday. The firm has a market capitalization of $465.41 million, a PE ratio of -6.81 and a beta of 2.04. The company’s 50-day moving average is $14.87 and its 200-day moving average is $14.83. Applied Optoelectronics has a fifty-two week low of $1.60 and a fifty-two week high of $24.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.85 and a quick ratio of 1.16.
Applied Optoelectronics (NASDAQ:AAOI – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.04 EPS for the quarter. Applied Optoelectronics had a negative net margin of 25.75% and a negative return on equity of 13.83%. The business had revenue of $60.50 million for the quarter, compared to the consensus estimate of $65.19 million. During the same period in the prior year, the company posted ($0.27) earnings per share. Applied Optoelectronics’s revenue was down 3.2% compared to the same quarter last year. Equities analysts forecast that Applied Optoelectronics will post -0.2 EPS for the current year.
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.
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