Applied Optoelectronics, Inc. (NASDAQ:AAOI)‘s stock had its “overweight” rating reissued by Piper Jaffray Companies in a research report issued on Thursday, July 13th, MarketBeat reports. They presently have a $90.00 target price on the semiconductor company’s stock, up from their prior target price of $85.00. Piper Jaffray Companies’ price target points to a potential upside of 26.40% from the stock’s previous close.

Other analysts have also issued research reports about the company. Vertical Research reissued a “sell” rating on shares of Applied Optoelectronics in a report on Thursday, March 30th. BidaskClub raised Applied Optoelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Cowen and Company reissued an “outperform” rating and issued a $94.00 target price on shares of Applied Optoelectronics in a report on Thursday, May 25th. Roth Capital reissued a “buy” rating and issued a $70.00 target price (up previously from $60.00) on shares of Applied Optoelectronics in a report on Friday, May 5th. Finally, Vetr raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating and set a $72.75 target price on the stock in a report on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, seven have issued a buy rating and five have issued a strong buy rating to the company. Applied Optoelectronics presently has a consensus rating of “Buy” and a consensus price target of $76.35.

Applied Optoelectronics (NASDAQ AAOI) opened at 71.20 on Thursday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 25.09 and a beta of 2.98. The firm has a 50-day moving average price of $76.90 and a 200-day moving average price of $56.55. Applied Optoelectronics has a one year low of $13.06 and a one year high of $103.41. Applied Optoelectronics also saw some unusual options trading on Monday. Traders acquired 640 put options on the stock. This is an increase of approximately 106% compared to the average volume of 310 put options.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.28. The company had revenue of $117.40 million for the quarter, compared to analyst estimates of $117.34 million. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. Applied Optoelectronics’s revenue was up 112.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. On average, equities analysts predict that Applied Optoelectronics will post $5.30 earnings per share for the current year.

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In related news, General Counsel David C. Kuo sold 889 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $70.00, for a total transaction of $62,230.00. Following the transaction, the general counsel now directly owns 22,864 shares in the company, valued at $1,600,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Yeh sold 30,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $72.12, for a total value of $2,163,600.00. Following the transaction, the director now owns 71,167 shares in the company, valued at $5,132,564.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,844 shares of company stock worth $8,324,930. Corporate insiders own 8.19% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in AAOI. Telemus Capital LLC acquired a new position in Applied Optoelectronics during the first quarter valued at $618,000. Sheets Smith Wealth Management acquired a new position in Applied Optoelectronics during the first quarter valued at $536,000. Creative Planning acquired a new position in Applied Optoelectronics during the first quarter valued at $1,452,000. Teachers Advisors LLC increased its position in Applied Optoelectronics by 3.7% in the fourth quarter. Teachers Advisors LLC now owns 28,735 shares of the semiconductor company’s stock valued at $674,000 after buying an additional 1,037 shares during the period. Finally, USA Financial Portformulas Corp acquired a new position in Applied Optoelectronics during the fourth quarter valued at $469,000. Hedge funds and other institutional investors own 77.36% of the company’s stock.

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.

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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