Brokerages Set Applied Optoelectronics, Inc. (NASDAQ:AAOI) PT at $29.20

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has been given an average recommendation of “Hold” by the five brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $29.20.

Several research firms have recently weighed in on AAOI. Northland Securities reissued an “outperform” rating and issued a $40.00 target price (up from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. B. Riley lowered shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, December 10th. Raymond James increased their price objective on Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research note on Friday, January 31st. Finally, Rosenblatt Securities increased their price target on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a research note on Friday, December 13th.

Applied Optoelectronics Stock Performance

AAOI opened at $25.03 on Monday. The business has a fifty day simple moving average of $32.49 and a 200-day simple moving average of $22.64. The firm has a market cap of $1.17 billion, a PE ratio of -12.15 and a beta of 2.36. Applied Optoelectronics has a fifty-two week low of $6.70 and a fifty-two week high of $44.50. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36.

Insider Transactions at Applied Optoelectronics

In other news, insider Hung-Lun (Fred) Chang sold 20,323 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $30.35, for a total transaction of $616,803.05. Following the completion of the transaction, the insider now owns 195,572 shares of the company’s stock, valued at approximately $5,935,610.20. This represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stefan J. Murry sold 2,298 shares of Applied Optoelectronics stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $35.17, for a total value of $80,820.66. Following the sale, the chief financial officer now directly owns 209,831 shares in the company, valued at approximately $7,379,756.27. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,067 shares of company stock worth $3,243,938. 5.40% of the stock is owned by insiders.

Institutional Trading of Applied Optoelectronics

A number of hedge funds have recently modified their holdings of the company. Trexquant Investment LP acquired a new stake in shares of Applied Optoelectronics during the 4th quarter valued at about $5,851,000. Headlands Technologies LLC grew its stake in Applied Optoelectronics by 267.6% during the fourth quarter. Headlands Technologies LLC now owns 70,949 shares of the semiconductor company’s stock worth $2,615,000 after buying an additional 51,647 shares during the last quarter. Geode Capital Management LLC grew its stake in Applied Optoelectronics by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 979,769 shares of the semiconductor company’s stock worth $36,123,000 after buying an additional 70,210 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Applied Optoelectronics by 183.2% during the fourth quarter. Alliancebernstein L.P. now owns 41,089 shares of the semiconductor company’s stock worth $1,515,000 after buying an additional 26,579 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Applied Optoelectronics in the fourth quarter valued at approximately $38,000. Institutional investors own 61.72% of the company’s stock.

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.