Applied Optoelectronics Inc (NASDAQ:AAOI) – Equities research analysts at B. Riley lowered their Q1 2018 earnings per share estimates for shares of Applied Optoelectronics in a research note issued to investors on Friday. B. Riley analyst D. Kang now expects that the semiconductor company will post earnings per share of $0.66 for the quarter, down from their prior estimate of $0.70. B. Riley has a “Neutral” rating and a $38.00 price objective on the stock. B. Riley also issued estimates for Applied Optoelectronics’ Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $2.72 EPS.
Several other brokerages also recently commented on AAOI. Zacks Investment Research downgraded shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. Loop Capital initiated coverage on shares of Applied Optoelectronics in a research report on Monday, January 29th. They set a “hold” rating and a $35.00 price objective for the company. Craig Hallum set a $32.00 price objective on shares of Applied Optoelectronics and gave the company a “hold” rating in a research report on Tuesday, February 13th. Needham & Company LLC lowered their price objective on shares of Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating for the company in a research report on Wednesday, November 8th. Finally, TheStreet downgraded shares of Applied Optoelectronics from a “b-” rating to a “c” rating in a research report on Wednesday, November 15th. Five research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Applied Optoelectronics presently has a consensus rating of “Hold” and an average price target of $51.53.
Applied Optoelectronics (NASDAQ:AAOI) opened at $33.33 on Monday. Applied Optoelectronics has a 1 year low of $28.56 and a 1 year high of $103.41. The company has a market cap of $620.04, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 0.65 and a beta of 2.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99.
In other Applied Optoelectronics news, Director Richard B. Black sold 1,000 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $35.37, for a total transaction of $35,370.00. Following the sale, the director now owns 34,478 shares of the company’s stock, valued at $1,219,486.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.19% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. grew its stake in shares of Applied Optoelectronics by 96.2% during the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock worth $126,000 after buying an additional 993 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Applied Optoelectronics during the second quarter worth $137,000. PNC Financial Services Group Inc. bought a new stake in shares of Applied Optoelectronics during the second quarter worth $149,000. Advisor Group Inc. grew its stake in shares of Applied Optoelectronics by 82.3% during the second quarter. Advisor Group Inc. now owns 2,505 shares of the semiconductor company’s stock worth $155,000 after buying an additional 1,131 shares during the last quarter. Finally, Krilogy Financial LLC bought a new stake in shares of Applied Optoelectronics during the third quarter worth $170,000. 71.70% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “Q1 2018 EPS Estimates for Applied Optoelectronics Inc (AAOI) Lowered by Analyst” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/21/q1-2018-eps-estimates-for-applied-optoelectronics-inc-aaoi-lowered-by-analyst.html.
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.
Receive News & Ratings for Applied Optoelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics and related companies with MarketBeat.com's FREE daily email newsletter.