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

StockNews.com upgraded shares of Applied Optoelectronics (NASDAQ:AAOI) to a sell rating in a research report released on Thursday.

Several other equities analysts have also weighed in on AAOI. B. Riley Financial restated a neutral rating and set a $9.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Raymond James raised shares of Applied Optoelectronics from a market perform rating to an outperform rating and set a $17.00 price target on the stock in a research report on Tuesday, September 3rd. B. Riley cut their price objective on shares of Applied Optoelectronics from $12.00 to $9.00 and set a neutral rating for the company in a report on Wednesday, August 7th. Finally, Rosenblatt Securities boosted their target price on shares of Applied Optoelectronics from $15.00 to $20.00 and gave the company a buy rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $13.75.

Applied Optoelectronics Price Performance

Shares of AAOI opened at $15.36 on Thursday. The firm has a market cap of $597.63 million, a PE ratio of -8.44 and a beta of 1.96. Applied Optoelectronics has a 52-week low of $6.66 and a 52-week high of $24.75. The business’s 50 day moving average price is $11.12 and its two-hundred day moving average price is $10.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.64.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.01. The company had revenue of $43.27 million during the quarter, compared to the consensus estimate of $44.14 million. Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.31) earnings per share. On average, equities analysts anticipate that Applied Optoelectronics will post -1.08 EPS for the current year.

Insider Buying and Selling at Applied Optoelectronics

In other news, insider David C. Kuo sold 10,000 shares of Applied Optoelectronics stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00. Following the completion of the sale, the insider now directly owns 132,921 shares of the company’s stock, valued at approximately $1,996,473.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Applied Optoelectronics

A number of hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co purchased a new position in Applied Optoelectronics during the 1st quarter valued at about $46,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Applied Optoelectronics by 272.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 6,787 shares during the period. Point72 Hong Kong Ltd bought a new position in Applied Optoelectronics in the 2nd quarter worth $89,000. Truvestments Capital LLC purchased a new stake in shares of Applied Optoelectronics in the 1st quarter worth about $161,000. Finally, Summit Securities Group LLC bought a new stake in shares of Applied Optoelectronics during the 2nd quarter valued at about $109,000. 61.72% of the stock is currently owned by institutional investors.

About Applied Optoelectronics

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.