Applied Optoelectronics Inc (AAOI) Receives Consensus Rating of “Buy” from Analysts
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.
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.
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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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