Applied Optoelectronics (NASDAQ:AAOI) received a $15.00 price target from research analysts at Rosenblatt Securities in a report issued on Thursday. The firm currently has a “sell” rating on the semiconductor company’s stock. Rosenblatt Securities’ target price would indicate a potential downside of 26.79% from the company’s current price.
AAOI has been the subject of a number of other research reports. B. Riley lowered their price objective on Applied Optoelectronics from $34.50 to $24.00 and set a “neutral” rating for the company in a research report on Monday, October 8th. ValuEngine raised Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 3rd. Loop Capital downgraded Applied Optoelectronics from a “hold” rating to a “sell” rating and lowered their price target for the company from $45.00 to $20.00 in a research report on Thursday, September 27th. DA Davidson reissued a “buy” rating and set a $36.00 price target on shares of Applied Optoelectronics in a research report on Monday, October 1st. Finally, Needham & Company LLC downgraded Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Seven analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.11.
Shares of NASDAQ:AAOI opened at $20.49 on Thursday. The firm has a market capitalization of $386.67 million, a PE ratio of 4.84, a price-to-earnings-growth ratio of 1.75 and a beta of 2.56. The company has a quick ratio of 1.92, a current ratio of 3.22 and a debt-to-equity ratio of 0.17. Applied Optoelectronics has a 52 week low of $18.16 and a 52 week high of $50.30.
Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.30. The business had revenue of $87.82 million during the quarter, compared to the consensus estimate of $77.29 million. Applied Optoelectronics had a return on equity of 14.77% and a net margin of 10.95%. On average, research analysts anticipate that Applied Optoelectronics will post 0.75 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Virginia Retirement Systems ET AL purchased a new stake in Applied Optoelectronics during the third quarter valued at about $557,000. HL Financial Services LLC grew its position in Applied Optoelectronics by 9.5% during the third quarter. HL Financial Services LLC now owns 59,647 shares of the semiconductor company’s stock valued at $1,471,000 after acquiring an additional 5,193 shares during the period. Shufro Rose & Co. LLC purchased a new stake in Applied Optoelectronics during the third quarter valued at about $247,000. Russell Investments Group Ltd. purchased a new stake in Applied Optoelectronics during the third quarter valued at about $908,000. Finally, Northern Trust Corp grew its position in Applied Optoelectronics by 3.2% during the second quarter. Northern Trust Corp now owns 224,674 shares of the semiconductor company’s stock valued at $10,088,000 after acquiring an additional 6,884 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.
About Applied Optoelectronics
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.
Featured Story: Book Value Per Share in Stock Trading
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.