Applied Optoelectronics (NASDAQ:AAOI) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Applied Optoelectronics to a “sell” rating in a research note on Thursday, September 27th. B. Riley upped their price target on shares of Applied Optoelectronics from $30.50 to $34.50 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Craig Hallum set a $28.00 price target on shares of Applied Optoelectronics and gave the company a “sell” rating in a research note on Wednesday, August 8th. Loop Capital reaffirmed a “hold” rating and set a $45.00 price target on shares of Applied Optoelectronics in a research note on Wednesday, August 8th. Finally, BidaskClub raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Nine research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Applied Optoelectronics has a consensus rating of “Hold” and a consensus target price of $31.91.

Applied Optoelectronics stock opened at $21.32 on Tuesday. The firm has a market cap of $485.75 million, a P/E ratio of 5.27, a price-to-earnings-growth ratio of 0.93 and a beta of 2.61. The company has a current ratio of 3.22, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. Applied Optoelectronics has a 52-week low of $21.25 and a 52-week high of $62.30.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Tuesday, August 7th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.30. The company had revenue of $87.82 million for the quarter, compared to the consensus estimate of $77.29 million. Applied Optoelectronics had a net margin of 10.95% and a return on equity of 14.77%. On average, equities research analysts predict that Applied Optoelectronics will post 1.89 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Applied Optoelectronics by 3.2% in the second quarter. Rhumbline Advisers now owns 45,887 shares of the semiconductor company’s stock valued at $2,060,000 after acquiring an additional 1,418 shares during the period. Bank of America Corp DE raised its stake in shares of Applied Optoelectronics by 4.5% in the second quarter. Bank of America Corp DE now owns 39,021 shares of the semiconductor company’s stock valued at $1,752,000 after acquiring an additional 1,669 shares during the period. Globeflex Capital L P raised its stake in shares of Applied Optoelectronics by 15.0% in the second quarter. Globeflex Capital L P now owns 13,000 shares of the semiconductor company’s stock valued at $584,000 after acquiring an additional 1,700 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Applied Optoelectronics by 29.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,767 shares of the semiconductor company’s stock valued at $195,000 after acquiring an additional 1,744 shares during the period. Finally, Swiss National Bank raised its stake in shares of Applied Optoelectronics by 6.0% in the first quarter. Swiss National Bank now owns 32,000 shares of the semiconductor company’s stock valued at $802,000 after acquiring an additional 1,800 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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