Applied Optoelectronics Inc (NASDAQ:AAOI) has been given a consensus recommendation of “Buy” by the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $57.73.

Several equities analysts have commented on the company. Zacks Investment Research upgraded Applied Optoelectronics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 13th. BidaskClub downgraded Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Cowen reiterated a “buy” rating and issued a $60.00 target price (down from $74.00) on shares of Applied Optoelectronics in a research report on Thursday, December 7th. TheStreet downgraded Applied Optoelectronics from a “b-” rating to a “c” rating in a research report on Wednesday, November 15th. Finally, ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th.

In other news, Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $43.00, for a total transaction of $43,000.00. Following the completion of the transaction, the director now directly owns 36,478 shares in the company, valued at $1,568,554. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $45.30, for a total value of $58,890.00. Following the transaction, the chief executive officer now owns 522,837 shares of the company’s stock, valued at $23,684,516.10. The disclosure for this sale can be found here. Insiders have sold 7,900 shares of company stock valued at $365,804 over the last 90 days. 8.19% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Tennessee Treasury Department acquired a new stake in Applied Optoelectronics during the second quarter worth approximately $23,563,000. Robeco Institutional Asset Management B.V. acquired a new stake in Applied Optoelectronics during the second quarter worth approximately $9,910,000. Great West Life Assurance Co. Can acquired a new stake in Applied Optoelectronics during the second quarter worth approximately $1,583,000. LSV Asset Management grew its stake in Applied Optoelectronics by 76.4% during the second quarter. LSV Asset Management now owns 82,200 shares of the semiconductor company’s stock worth $5,079,000 after purchasing an additional 35,600 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Applied Optoelectronics by 132.5% during the second quarter. Public Employees Retirement System of Ohio now owns 123,224 shares of the semiconductor company’s stock worth $7,614,000 after purchasing an additional 70,224 shares during the period. 76.67% of the stock is owned by institutional investors and hedge funds.

Shares of Applied Optoelectronics (NASDAQ AAOI) traded down $0.77 during mid-day trading on Friday, hitting $41.30. The company had a trading volume of 907,284 shares, compared to its average volume of 2,529,435. The company has a current ratio of 2.99, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12. Applied Optoelectronics has a twelve month low of $21.88 and a twelve month high of $103.41. The company has a market cap of $761.14, a P/E ratio of 9.33, a P/E/G ratio of 0.60 and a beta of 2.88.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.23). The firm had revenue of $88.90 million during the quarter, compared to the consensus estimate of $88.53 million. Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. Applied Optoelectronics’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. analysts anticipate that Applied Optoelectronics will post 4.22 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/12/20/applied-optoelectronics-inc-aaoi-receives-consensus-rating-of-buy-from-analysts.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.

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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.