Applied Optoelectronics (NASDAQ:AAOI) received a $32.00 price target from stock analysts at Craig Hallum in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Craig Hallum’s target price suggests a potential upside of 5.79% from the company’s current price.
A number of other research firms also recently issued reports on AAOI. ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $51.00 price objective on shares of Applied Optoelectronics in a report on Friday, November 10th. TheStreet downgraded shares of Applied Optoelectronics from a “b-” rating to a “c” rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 17th. Finally, Cowen reaffirmed a “buy” rating and set a $60.00 price objective (down from $74.00) on shares of Applied Optoelectronics in a report on Thursday, December 7th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $51.53.
Applied Optoelectronics (NASDAQ AAOI) traded down $0.47 on Tuesday, reaching $30.25. 1,524,200 shares of the company’s stock were exchanged, compared to its average volume of 1,212,251. The company has a quick ratio of 2.02, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The stock has a market cap of $565.18, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 0.61 and a beta of 2.51. Applied Optoelectronics has a 1 year low of $28.56 and a 1 year high of $103.41.
In related news, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $45.30, for a total value of $58,890.00. Following the transaction, the chief executive officer now directly owns 522,837 shares of the company’s stock, valued at approximately $23,684,516.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard B. Black sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $35.37, for a total transaction of $35,370.00. Following the completion of the transaction, the director now directly owns 34,478 shares in the company, valued at $1,219,486.86. The disclosure for this sale can be found here. Insiders sold a total of 6,900 shares of company stock worth $297,554 over the last three months. 8.19% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC purchased a new stake in Applied Optoelectronics during the second quarter valued at about $115,000. Citigroup Inc. lifted its holdings in Applied Optoelectronics by 96.2% during the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 993 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Applied Optoelectronics during the second quarter valued at about $137,000. PNC Financial Services Group Inc. purchased a new stake in Applied Optoelectronics during the second quarter valued at about $149,000. Finally, Advisor Group Inc. lifted its holdings in Applied Optoelectronics by 82.3% during the second quarter. Advisor Group Inc. now owns 2,505 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 1,131 shares during the last quarter. 74.26% of the stock is currently owned by institutional investors and hedge funds.
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Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.
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