Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $49.48.
A number of research firms recently commented on AAOI. Cowen reaffirmed a “buy” rating and issued a $60.00 price objective (down from $74.00) on shares of Applied Optoelectronics in a research note on Thursday, December 7th. Zacks Investment Research raised Applied Optoelectronics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 13th. BidaskClub lowered Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Piper Jaffray Companies lowered Applied Optoelectronics from an “overweight” rating to a “neutral” rating in a research note on Monday, January 29th. Finally, B. Riley initiated coverage on Applied Optoelectronics in a research note on Wednesday, January 10th. They issued a “neutral” rating and a $38.00 price target on the stock.
In other news, Director Richard B. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $35.37, for a total transaction of $35,370.00. Following the completion of the sale, the director now owns 34,478 shares in the company, valued at $1,219,486.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 8.19% of the stock is currently owned by insiders.
Applied Optoelectronics stock traded down $0.60 during trading on Friday, hitting $25.36. The company had a trading volume of 1,123,201 shares, compared to its average volume of 1,438,603. 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 firm has a market capitalization of $494.55, a price-to-earnings ratio of 6.93, a P/E/G ratio of 0.94 and a beta of 2.58. Applied Optoelectronics has a one year low of $25.23 and a one year high of $103.41.
Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. The company had revenue of $79.86 million for the quarter, compared to analyst estimates of $86.22 million. Applied Optoelectronics had a return on equity of 30.08% and a net margin of 19.34%. analysts predict that Applied Optoelectronics will post 1.88 EPS for the current year.
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Applied Optoelectronics Company Profile
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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