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

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have been assigned an average recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $29.20.

A number of research firms have issued reports on AAOI. B. Riley lowered Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price on the stock. in a report on Tuesday, December 10th. Raymond James boosted their target price on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Northland Securities reiterated an “outperform” rating and set a $40.00 target price (up from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. Rosenblatt Securities raised their price target on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, October 25th.

Insider Activity at Applied Optoelectronics

In other Applied Optoelectronics news, Director Richard B. Black sold 10,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $35.27, for a total value of $352,700.00. Following the transaction, the director now directly owns 167,813 shares in the company, valued at $5,918,764.51. The trade was a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hung-Lun (Fred) Chang sold 20,323 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $30.35, for a total transaction of $616,803.05. Following the sale, the insider now directly owns 195,572 shares of the company’s stock, valued at approximately $5,935,610.20. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,769 shares of company stock valued at $3,015,537 over the last quarter. 5.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Applied Optoelectronics

A number of institutional investors and hedge funds have recently bought and sold shares of AAOI. The Manufacturers Life Insurance Company lifted its holdings in Applied Optoelectronics by 3.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock worth $210,000 after buying an additional 483 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Applied Optoelectronics by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company’s stock valued at $1,557,000 after acquiring an additional 3,081 shares during the last quarter. Truvestments Capital LLC increased its position in Applied Optoelectronics by 24.3% in the third quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 3,097 shares during the period. Pingora Partners LLC acquired a new stake in Applied Optoelectronics in the third quarter worth about $82,000. Finally, FMR LLC raised its holdings in Applied Optoelectronics by 3,290.6% during the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 5,956 shares during the last quarter. Institutional investors and hedge funds own 61.72% of the company’s stock.

Applied Optoelectronics Stock Performance

Shares of AAOI opened at $39.82 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. Applied Optoelectronics has a one year low of $6.70 and a one year high of $44.50. The company’s fifty day moving average price is $28.65 and its 200 day moving average price is $17.12. The company has a market capitalization of $1.87 billion, a PE ratio of -19.33 and a beta of 2.36.

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.