Applied Optoelectronics, Inc. (NASDAQ:AAOI) Given Average Recommendation of “Hold” by Analysts

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

AAOI has been the subject of a number of research analyst reports. Rosenblatt Securities upped their price target on Applied Optoelectronics from $27.50 to $44.00 and gave the company a “buy” rating in a report on Friday, December 13th. 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 report on Wednesday, December 18th. Raymond James raised their price target on Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. B. Riley cut 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. Finally, StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, January 3rd.

Insiders Place Their Bets

In other news, Director Min-Chu (Mike) Chen sold 9,790 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $40.00, for a total transaction of $391,600.00. Following the completion of the sale, the director now directly owns 165,054 shares in the company, valued at $6,602,160. This represents a 5.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David C. Kuo sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $26.93, for a total value of $269,300.00. Following the completion of the transaction, the insider now owns 118,122 shares in the company, valued at approximately $3,181,025.46. This trade represents a 7.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,769 shares of company stock valued at $3,015,537. Insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

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

Applied Optoelectronics Stock Up 12.2 %

Shares of NASDAQ:AAOI opened at $31.18 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. Applied Optoelectronics has a fifty-two week low of $6.70 and a fifty-two week high of $44.50. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -15.14 and a beta of 2.39. The firm’s 50 day moving average price is $33.91 and its 200 day moving average price is $19.80.

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.