Applied Optoelectronics, Inc. (NASDAQ:AAOI) Receives $29.20 Consensus Target Price from Analysts

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $29.20.

AAOI has been the subject of a number of analyst reports. Rosenblatt Securities raised their price objective on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Raymond James boosted their price objective on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, December 20th. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research note on Friday, January 3rd. 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. Finally, B. Riley lowered shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price target for the company. in a research report on Tuesday, December 10th.

Applied Optoelectronics Trading Up 0.5 %

Applied Optoelectronics stock opened at $31.03 on Thursday. Applied Optoelectronics has a 12 month low of $6.70 and a 12 month high of $44.50. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -15.06 and a beta of 2.39. The business’s fifty day simple moving average is $34.54 and its two-hundred day simple moving average is $20.20. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.

Insider Buying and Selling

In other news, Director Richard B. Black sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $29.00, for a total value of $290,000.00. Following the completion of the sale, the director now owns 157,813 shares in the company, valued at approximately $4,576,577. This trade represents a 5.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stefan J. Murry sold 4,000 shares of Applied Optoelectronics stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the transaction, the chief financial officer now directly owns 212,129 shares of the company’s stock, valued at approximately $6,728,731.88. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,769 shares of company stock worth $3,432,417. Corporate insiders own 5.40% of the company’s stock.

Institutional Trading of Applied Optoelectronics

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of Applied Optoelectronics in the second quarter worth approximately $956,000. Rhumbline Advisers bought a new stake in shares of Applied Optoelectronics during the second quarter worth $449,000. Dimensional Fund Advisors LP boosted its stake in shares of Applied Optoelectronics by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 616,701 shares of the semiconductor company’s stock valued at $5,113,000 after purchasing an additional 24,259 shares during the period. Sei Investments Co. purchased a new stake in shares of Applied Optoelectronics during the second quarter valued at $194,000. Finally, Marshall Wace LLP grew its holdings in shares of Applied Optoelectronics by 51.1% in the second quarter. Marshall Wace LLP now owns 541,787 shares of the semiconductor company’s stock worth $4,491,000 after purchasing an additional 183,260 shares during the last quarter. Institutional investors own 61.72% of the company’s stock.

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.