Q1 2018 EPS Estimates for Applied Optoelectronics Inc (AAOI) Lowered by Analyst

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.

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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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