Applied Optoelectronics Inc (NASDAQ:AAOI) has been assigned an average rating of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.86.
Several brokerages have commented on AAOI. Zacks Investment Research lowered shares of Applied Optoelectronics from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. TheStreet lowered shares of Applied Optoelectronics from a “c-” rating to a “d+” rating in a report on Thursday, May 9th. Rosenblatt Securities restated a “sell” rating and issued a $10.00 price objective on shares of Applied Optoelectronics in a report on Monday, April 15th. Piper Jaffray Companies lowered their price objective on shares of Applied Optoelectronics from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Finally, ValuEngine upgraded shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 26th.
Shares of Applied Optoelectronics stock traded down $0.05 during trading on Tuesday, reaching $9.06. 19,156 shares of the stock were exchanged, compared to its average volume of 430,689. The company has a current ratio of 3.12, a quick ratio of 1.82 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $9.47. The firm has a market cap of $177.83 million, a price-to-earnings ratio of 17.31 and a beta of 2.17. Applied Optoelectronics has a 1 year low of $8.56 and a 1 year high of $50.30.
Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.05). Applied Optoelectronics had a negative return on equity of 0.36% and a negative net margin of 5.78%. The firm had revenue of $52.72 million for the quarter, compared to analysts’ expectations of $52.86 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was down 19.2% on a year-over-year basis. On average, analysts predict that Applied Optoelectronics will post -1.52 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new position in shares of Applied Optoelectronics during the fourth quarter valued at approximately $29,000. Neuburgh Advisers LLC lifted its holdings in shares of Applied Optoelectronics by 41.2% during the fourth quarter. Neuburgh Advisers LLC now owns 3,542 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 1,034 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Applied Optoelectronics by 24.4% during the fourth quarter. Advisor Group Inc. now owns 4,097 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 803 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of Applied Optoelectronics by 41.2% during the fourth quarter. Flinton Capital Management LLC now owns 5,474 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 1,598 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Applied Optoelectronics during the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 63.25% 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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