Applied Optoelectronics, Inc. (NASDAQ:AAOI) Receives $18.70 Average Price Target from Brokerages

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $18.70.

A number of equities analysts have issued reports on the stock. Northland Securities lifted their price objective on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Rosenblatt Securities upped their price objective on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. B. Riley dropped their target price on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Raymond James upped their target price on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, B. Riley Financial reaffirmed a “neutral” rating and set a $9.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 8th.

Applied Optoelectronics Stock Performance

Shares of Applied Optoelectronics stock opened at $41.22 on Wednesday. Applied Optoelectronics has a 52 week low of $6.70 and a 52 week high of $43.05. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $20.95 and a 200-day moving average price of $13.87. The company has a market cap of $1.86 billion, a PE ratio of -20.01 and a beta of 1.96.

Insider Transactions at Applied Optoelectronics

In other Applied Optoelectronics news, CFO Stefan J. Murry sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $31.56, for a total transaction of $157,800.00. Following the sale, the chief financial officer now owns 216,129 shares in the company, valued at $6,821,031.24. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard B. Black sold 8,162 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $37.18, for a total value of $303,463.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,979 shares of company stock worth $1,990,637. 5.40% of the stock is owned by company insiders.

Institutional Trading of Applied Optoelectronics

Institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co purchased a new stake in Applied Optoelectronics in the 1st quarter worth approximately $46,000. Pingora Partners LLC purchased a new stake in shares of Applied Optoelectronics in the third quarter worth $82,000. FMR LLC boosted its stake in Applied Optoelectronics by 3,290.6% during the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 5,956 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Applied Optoelectronics by 272.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 6,787 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in Applied Optoelectronics during the second quarter worth about $89,000. Hedge funds and other institutional investors 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.