Applied Optoelectronics (NASDAQ:AAOI) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Applied Optoelectronics (NASDAQ:AAOI) in a research report sent to investors on Monday morning, Marketbeat.com reports. The brokerage currently has a $44.00 price target on the semiconductor company’s stock.

Several other research firms have also recently issued reports on AAOI. Northland Securities reiterated an “outperform” rating and issued a $40.00 price objective (up from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. Raymond James raised their target price on Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, January 31st. Finally, B. Riley downgraded 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. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $29.20.

Applied Optoelectronics Trading Up 1.0 %

NASDAQ:AAOI opened at $27.32 on Monday. The firm has a market capitalization of $1.28 billion, a P/E ratio of -13.26 and a beta of 2.36. The business has a 50 day simple moving average of $31.17 and a 200 day simple moving average of $23.80. 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 12-month low of $6.70 and a 12-month high of $44.50.

Insider Buying and Selling at Applied Optoelectronics

In related news, Director William H. Yeh sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $43.08, for a total transaction of $430,800.00. Following the completion of the sale, the director now directly owns 223,538 shares of the company’s stock, valued at approximately $9,630,017.04. This represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stefan J. Murry sold 4,000 shares of Applied Optoelectronics stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the transaction, the chief financial officer now owns 212,129 shares in the company, valued at $6,728,731.88. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,088 shares of company stock worth $1,672,801 over the last three months. Corporate insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in Applied Optoelectronics during the 4th quarter valued at $38,000. Sterling Capital Management LLC grew its position in Applied Optoelectronics by 858.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company’s stock worth $47,000 after buying an additional 1,150 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Applied Optoelectronics in the 4th quarter valued at approximately $63,000. Pingora Partners LLC bought a new stake in shares of Applied Optoelectronics in the 3rd quarter worth approximately $82,000. Finally, FMR LLC raised 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 in the last quarter. 61.72% of the stock is currently owned by institutional investors and hedge funds.

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.