DA Davidson set a $55.00 price objective on Applied Optoelectronics (NASDAQ:AAOI) in a research report released on Tuesday morning. The brokerage currently has a buy rating on the semiconductor company’s stock.
Several other brokerages also recently issued reports on AAOI. ValuEngine raised shares of Applied Optoelectronics from a buy rating to a strong-buy rating in a research note on Tuesday, November 14th. Piper Jaffray Companies reissued a buy rating and set a $51.00 price objective on shares of Applied Optoelectronics in a research note on Friday, November 10th. TheStreet downgraded shares of Applied Optoelectronics from a b- rating to a c rating in a research note on Wednesday, November 15th. Cowen reissued a buy rating and set a $60.00 price objective (down previously from $74.00) on shares of Applied Optoelectronics in a research note on Thursday, December 7th. Finally, Zacks Investment Research raised shares of Applied Optoelectronics from a strong sell rating to a hold rating in a research note on Wednesday, December 13th. Six research analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $48.03.
Applied Optoelectronics (NASDAQ AAOI) opened at $28.70 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.18 and a current ratio of 3.25. The stock has a market cap of $545.04, a P/E ratio of 6.62, a P/E/G ratio of 0.97 and a beta of 2.58. Applied Optoelectronics has a one year low of $26.11 and a one year high of $103.41.
Large investors have recently bought and sold shares of the business. Resources Investment Advisors Inc. raised its stake in Applied Optoelectronics by 218.5% during the fourth quarter. Resources Investment Advisors Inc. now owns 2,796 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 1,918 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Applied Optoelectronics in the fourth quarter worth $113,000. Financial Gravity Companies Inc. acquired a new stake in shares of Applied Optoelectronics in the fourth quarter worth $134,000. Krilogy Financial LLC acquired a new stake in shares of Applied Optoelectronics in the third quarter worth $170,000. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of Applied Optoelectronics in the third quarter worth $226,000. 62.14% of the stock is currently owned by institutional investors.
About Applied Optoelectronics
Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.
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