Applied Optoelectronics, Inc. (NASDAQ:AAOI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have earned an average recommendation of “Moderate Buy” from the four analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $16.88.

Several equities analysts have recently commented on the company. Rosenblatt Securities lowered their target price on Applied Optoelectronics from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, February 23rd. B. Riley reaffirmed a “neutral” rating and set a $16.00 target price (down from $22.00) on shares of Applied Optoelectronics in a report on Friday, February 23rd. Finally, TheStreet raised Applied Optoelectronics from a “d” rating to a “c-” rating in a report on Friday, February 23rd.

Insider Transactions at Applied Optoelectronics

In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin acquired 11,780 shares of Applied Optoelectronics stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $12.66 per share, for a total transaction of $149,134.80. Following the completion of the transaction, the chief executive officer now owns 1,218,160 shares in the company, valued at approximately $15,421,905.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin acquired 11,780 shares of Applied Optoelectronics stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $12.66 per share, for a total transaction of $149,134.80. Following the completion of the transaction, the chief executive officer now owns 1,218,160 shares in the company, valued at approximately $15,421,905.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Che-Wei Lin acquired 31,370 shares of Applied Optoelectronics stock in a transaction dated Monday, March 18th. The shares were acquired at an average price of $12.70 per share, with a total value of $398,399.00. Following the completion of the transaction, the director now owns 220,133 shares of the company’s stock, valued at approximately $2,795,689.10. The disclosure for this purchase can be found here. Insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Applied Optoelectronics

A number of institutional investors have recently added to or reduced their stakes in AAOI. UBS Group AG lifted its position in Applied Optoelectronics by 201.6% in the third quarter. UBS Group AG now owns 11,543 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 7,716 shares during the period. Virtu Financial LLC acquired a new stake in Applied Optoelectronics in the fourth quarter worth approximately $31,000. Squarepoint Ops LLC acquired a new stake in Applied Optoelectronics in the first quarter worth approximately $34,000. Jane Street Group LLC acquired a new stake in Applied Optoelectronics in the fourth quarter worth approximately $49,000. Finally, XTX Topco Ltd acquired a new stake in Applied Optoelectronics in the first quarter worth approximately $73,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Applied Optoelectronics Stock Down 0.6 %

Shares of Applied Optoelectronics stock opened at $11.16 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.85 and a debt-to-equity ratio of 0.38. The firm has a market cap of $428.54 million, a P/E ratio of -6.27 and a beta of 2.04. Applied Optoelectronics has a fifty-two week low of $1.60 and a fifty-two week high of $24.75. The business has a 50-day moving average price of $15.46 and a 200 day moving average price of $14.83.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.04 earnings per share for the quarter. The firm had revenue of $60.50 million during the quarter, compared to analyst estimates of $65.19 million. Applied Optoelectronics had a negative return on equity of 13.83% and a negative net margin of 25.75%. Applied Optoelectronics’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.27) earnings per share. On average, sell-side analysts forecast that Applied Optoelectronics will post -0.2 earnings per share for the current fiscal year.

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.