Northland Securities Increases Applied Optoelectronics (NASDAQ:AAOI) Price Target to $25.00

Applied Optoelectronics (NASDAQ:AAOI) had its price objective raised by Northland Securities from $18.00 to $25.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

Several other research analysts have also recently weighed in on AAOI. Raymond James upped their price target on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Friday, October 25th. B. Riley Financial reaffirmed a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a report on Thursday, August 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Applied Optoelectronics in a report on Wednesday, October 9th. Finally, B. Riley cut their target price on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.70.

Applied Optoelectronics Trading Up 1.9 %

Shares of AAOI stock opened at $28.29 on Friday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -13.73 and a beta of 1.96. Applied Optoelectronics has a 1 year low of $6.70 and a 1 year high of $28.70. The company’s fifty day simple moving average is $15.93 and its two-hundred day simple moving average is $11.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 0.97.

Insider Buying and Selling

In related news, insider David C. Kuo sold 10,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total value of $150,200.00. Following the completion of the transaction, the insider now directly owns 132,921 shares of the company’s stock, valued at $1,996,473.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Applied Optoelectronics

Institutional investors and hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co bought a new position in shares of Applied Optoelectronics during the first quarter valued at approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Applied Optoelectronics by 272.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 6,787 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Applied Optoelectronics during the second quarter valued at approximately $89,000. Summit Securities Group LLC purchased a new stake in shares of Applied Optoelectronics during the second quarter valued at approximately $109,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Applied Optoelectronics during the second quarter valued at approximately $118,000. Institutional investors own 61.72% of the company’s stock.

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.