Applied Optoelectronics Inc (NASDAQ:AAOI) has received a consensus rating of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $15.86.
A number of research firms recently weighed in on AAOI. TheStreet downgraded shares of Applied Optoelectronics from a “c-” rating to a “d+” rating in a research report on Thursday, May 9th. Zacks Investment Research raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Rosenblatt Securities reaffirmed a “sell” rating and issued a $10.00 target price on shares of Applied Optoelectronics in a research report on Monday, April 15th. BidaskClub raised shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 13th. Finally, Piper Jaffray Companies decreased their target price on shares of Applied Optoelectronics from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th.
Applied Optoelectronics stock opened at $9.03 on Friday. Applied Optoelectronics has a 1-year low of $8.72 and a 1-year high of $50.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.12 and a quick ratio of 1.82.
Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The business had revenue of $52.72 million during the quarter, compared to the consensus estimate of $52.86 million. Applied Optoelectronics had a negative net margin of 5.78% and a negative return on equity of 0.36%. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. On average, research analysts anticipate that Applied Optoelectronics will post -1.52 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in AAOI. Benjamin F. Edwards & Company Inc. lifted its stake in Applied Optoelectronics by 83.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,689 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 767 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Applied Optoelectronics in the fourth quarter valued at $29,000. Golden State Wealth Management LLC acquired a new stake in Applied Optoelectronics in the first quarter valued at $52,000. Neuburgh Advisers LLC lifted its stake in Applied Optoelectronics by 41.2% in the fourth quarter. Neuburgh Advisers LLC now owns 3,542 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 1,034 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Applied Optoelectronics by 24.4% in the fourth quarter. Advisor Group Inc. now owns 4,097 shares of the semiconductor company’s stock valued at $63,000 after acquiring an additional 803 shares during the last quarter. Hedge funds and other institutional investors own 63.26% of the company’s stock.
Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.
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