StockNews.com Upgrades Applied Optoelectronics (NASDAQ:AAOI) to “Sell”

Applied Optoelectronics (NASDAQ:AAOIGet Free Report) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a report released on Friday.

A number of other research firms also recently commented on AAOI. Rosenblatt Securities raised their target price on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the company a “buy” rating in a research report on Friday, December 13th. 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 report on Tuesday, December 10th. Raymond James boosted their price objective on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, Northland Securities reiterated an “outperform” rating and issued a $40.00 price target (up from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Applied Optoelectronics presently has a consensus rating of “Hold” and an average price target of $29.20.

View Our Latest Research Report on Applied Optoelectronics

Applied Optoelectronics Trading Up 5.8 %

AAOI stock opened at $28.07 on Friday. Applied Optoelectronics has a 12 month low of $6.70 and a 12 month high of $44.50. The firm’s 50-day moving average is $34.51 and its 200 day moving average is $21.41. The company has a market capitalization of $1.32 billion, a PE ratio of -13.63 and a beta of 2.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06.

Insiders Place Their Bets

In related news, insider Hung-Lun (Fred) Chang sold 20,323 shares of the business’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 completion of the sale, the insider now directly owns 195,572 shares in the company, valued at approximately $5,935,610.20. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David C. Kuo sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $26.93, for a total value of $269,300.00. Following the completion of the sale, the insider now owns 118,122 shares of the company’s stock, valued at $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 90 days, insiders have sold 103,067 shares of company stock worth $3,513,238. Corporate insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Applied Optoelectronics

Several large investors have recently bought and sold shares of AAOI. Pingora Partners LLC purchased a new stake in Applied Optoelectronics during the third quarter worth about $82,000. FMR LLC lifted its position in shares of Applied Optoelectronics by 3,290.6% during the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 5,956 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Applied Optoelectronics during the 2nd quarter worth approximately $118,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Applied Optoelectronics during the 3rd quarter worth approximately $186,000. Finally, Sei Investments Co. acquired a new stake in shares of Applied Optoelectronics in the 2nd quarter worth approximately $194,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

About Applied Optoelectronics

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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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Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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