Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report) has been given an average rating of “Moderate Buy” by the four research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.00.
Several research firms have recently commented on AAOI. B. Riley lowered their target price on Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 10th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research report on Saturday, June 22nd. B. Riley Financial cut their price objective on Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Finally, Rosenblatt Securities reduced their target price on Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, May 10th.
Read Our Latest Stock Analysis on AAOI
Applied Optoelectronics Price Performance
Applied Optoelectronics (NASDAQ:AAOI – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.03). Applied Optoelectronics had a negative net margin of 30.65% and a negative return on equity of 16.30%. The business had revenue of $40.67 million during the quarter, compared to analysts’ expectations of $43.56 million. On average, analysts forecast that Applied Optoelectronics will post -0.24 EPS for the current fiscal year.
Institutional Trading of Applied Optoelectronics
Institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co bought a new stake in Applied Optoelectronics in the 1st quarter valued at $46,000. Headlands Technologies LLC acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth about $191,000. Truvestments Capital LLC acquired a new position in Applied Optoelectronics in the 1st quarter valued at about $161,000. Bailard Inc. acquired a new position in Applied Optoelectronics in the 4th quarter valued at about $305,000. Finally, Mach 1 Financial Group LLC bought a new stake in Applied Optoelectronics in the 4th quarter valued at about $367,000. Institutional investors and hedge funds 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.
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