Applied Optoelectronics Inc (AAOI) Given Consensus Rating of “Hold” by Brokerages

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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Krilogy Financial LLC bought a new stake in shares of Applied Optoelectronics during the third quarter valued at approximately $170,000. Resources Investment Advisors Inc. grew its holdings 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 buying an additional 1,918 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Applied Optoelectronics during the fourth quarter worth $113,000. Commonwealth Equity Services Inc bought a new stake in Applied Optoelectronics during the third quarter worth $226,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Applied Optoelectronics during the third quarter worth $241,000. Hedge funds and other institutional investors own 61.71% of the company’s stock.

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.

ILLEGAL ACTIVITY NOTICE: This story was first published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3300261/applied-optoelectronics-inc-aaoi-given-consensus-rating-of-hold-by-brokerages.html.

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.

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

Receive News & Ratings for Applied Optoelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Scotiabank  Given Consensus Rating of “Buy” by Brokerages
Scotiabank Given Consensus Rating of “Buy” by Brokerages
Matson  Receives $37.00 Average Price Target from Analysts
Matson Receives $37.00 Average Price Target from Analysts
Zacks: Brokerages Expect Zions Bancorporation  Will Announce Earnings of $0.91 Per Share
Zacks: Brokerages Expect Zions Bancorporation Will Announce Earnings of $0.91 Per Share
Callaway Golf  Releases Quarterly  Earnings Results, Beats Estimates By $0.14 EPS
Callaway Golf Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS
Pirate Blocks  Reaches Market Capitalization of $0.00
Pirate Blocks Reaches Market Capitalization of $0.00
Elementrem  Market Cap Reaches $504,467.00
Elementrem Market Cap Reaches $504,467.00


© 2006-2018 Ticker Report. Google+.