Analysts Set Applied Optoelectronics Inc. (NASDAQ:AAOI) PT at $21.20
Applied Optoelectronics Inc. (NASDAQ:AAOI) has received a consensus rating of “Buy” from the seven analysts that are presently covering the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $21.20.
A number of brokerages have recently commented on AAOI. Zacks Investment Research upgraded shares of Applied Optoelectronics from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Thursday, September 8th. Roth Capital restated a “buy” rating and issued a $23.00 target price on shares of Applied Optoelectronics in a report on Thursday, September 8th. Craig Hallum boosted their target price on shares of Applied Optoelectronics from $18.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, August 25th. Finally, TheStreet upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Friday, August 19th.
In other Applied Optoelectronics news, CFO Stefan J. Murry sold 3,660 shares of Applied Optoelectronics stock in a transaction on Monday, September 12th. The shares were sold at an average price of $19.05, for a total value of $69,723.00. Following the completion of the sale, the chief financial officer now directly owns 35,093 shares of the company’s stock, valued at $668,521.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.19% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Blue Rock Advisors LLC bought a new stake in Applied Optoelectronics during the first quarter valued at $164,000. Royce & Associates LP increased its stake in Applied Optoelectronics by 14.3% in the first quarter. Royce & Associates LP now owns 20,000 shares of the company’s stock valued at $298,000 after buying an additional 2,500 shares during the period. State Street Corp increased its stake in Applied Optoelectronics by 8.3% in the first quarter. State Street Corp now owns 240,937 shares of the company’s stock valued at $3,589,000 after buying an additional 18,399 shares during the period. Geode Capital Management LLC increased its stake in Applied Optoelectronics by 1.8% in the first quarter. Geode Capital Management LLC now owns 102,242 shares of the company’s stock valued at $1,524,000 after buying an additional 1,854 shares during the period. Finally, Wellington Management Group LLP increased its stake in Applied Optoelectronics by 19.1% in the first quarter. Wellington Management Group LLP now owns 1,821,316 shares of the company’s stock valued at $27,155,000 after buying an additional 291,994 shares during the period. 78.60% of the stock is owned by hedge funds and other institutional investors.
Applied Optoelectronics (NASDAQ:AAOI) opened at 20.96 on Tuesday. The stock’s 50 day moving average is $17.98 and its 200-day moving average is $13.61. The firm has a market capitalization of $359.25 million, a P/E ratio of 77.34 and a beta of 2.37. Applied Optoelectronics has a 1-year low of $8.08 and a 1-year high of $22.47.
Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.10. The company had revenue of $55.30 million for the quarter, compared to analyst estimates of $50.84 million. Applied Optoelectronics had a net margin of 2.16% and a return on equity of 6.01%. Applied Optoelectronics’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. Analysts forecast that Applied Optoelectronics will post $0.70 EPS for the current year.
About Applied Optoelectronics
Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products. The Company offers its products for approximately three networking end markets, such as Internet data center; cable television (CATV), and fiber-to-the-home (FTTH). 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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