Applied Optoelectronics (NASDAQ:AAOI) Sets New 1-Year High – What’s Next?

Applied Optoelectronics, Inc. (NASDAQ:AAOI)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $43.88 and last traded at $43.27, with a volume of 820790 shares traded. The stock had previously closed at $41.22.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. B. Riley dropped their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Northland Securities raised their target price on Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 8th. B. Riley Financial reiterated a “neutral” rating and set a $9.00 price target on shares of Applied Optoelectronics in a report on Thursday, August 8th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Friday, October 25th. Finally, Rosenblatt Securities increased their target price on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Applied Optoelectronics has an average rating of “Hold” and a consensus target price of $18.70.

Applied Optoelectronics Stock Up 2.5 %

The firm has a 50 day moving average price of $22.03 and a two-hundred day moving average price of $14.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.61.

Insider Activity

In other news, Director Elizabeth G. Loboa sold 13,494 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $36.54, for a total transaction of $493,070.76. Following the completion of the transaction, the director now owns 124,500 shares of the company’s stock, valued at approximately $4,549,230. The trade was a 9.78 % 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, Director William H. Yeh sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.08, for a total transaction of $430,800.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 86,769 shares of company stock valued at $2,813,037 over the last quarter. Company insiders own 5.40% of the company’s stock.

Institutional Trading of Applied Optoelectronics

A number of hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Applied Optoelectronics by 272.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 6,787 shares during the last quarter. Pingora Partners LLC bought a new stake in Applied Optoelectronics in the 3rd quarter worth approximately $82,000. FMR LLC boosted its stake in Applied Optoelectronics by 3,290.6% in the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock worth $88,000 after buying an additional 5,956 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Applied Optoelectronics during the second quarter valued at approximately $89,000. Finally, Summit Securities Group LLC purchased a new position in shares of Applied Optoelectronics during the second quarter worth approximately $109,000. 61.72% of the stock is owned by institutional investors.

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.