Applied Optoelectronics (NASDAQ:AAOI) Stock Rating Reaffirmed by B. Riley Financial

B. Riley Financial reissued their neutral rating on shares of Applied Optoelectronics (NASDAQ:AAOI) in a report released on Thursday, Stock Target Advisor reports. The brokerage currently has a $9.00 price target on the semiconductor company’s stock.

AAOI has been the subject of several other research reports. Rosenblatt Securities decreased their price target on Applied Optoelectronics from $20.00 to $16.00 and set a buy rating for the company in a research note on Friday, May 10th. StockNews.com upgraded Applied Optoelectronics to a sell rating in a report on Monday, July 29th. Finally, B. Riley lowered their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a neutral rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Applied Optoelectronics has an average rating of Hold and an average price target of $13.50.

Applied Optoelectronics Stock Down 9.7 %

NASDAQ:AAOI opened at $7.74 on Thursday. Applied Optoelectronics has a one year low of $6.66 and a one year high of $24.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.79 and a quick ratio of 1.06. The company has a market cap of $301.15 million, a PE ratio of -4.25 and a beta of 1.97. The firm’s 50 day simple moving average is $9.14 and its 200 day simple moving average is $12.32.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. The company had revenue of $43.27 million for the quarter, compared to analyst estimates of $44.14 million. Applied Optoelectronics had a negative net margin of 30.65% and a negative return on equity of 16.30%. Applied Optoelectronics’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.31) earnings per share. On average, research analysts anticipate that Applied Optoelectronics will post -0.66 earnings per share for the current year.

Hedge Funds Weigh In On Applied Optoelectronics

Institutional investors have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co acquired a new stake in Applied Optoelectronics in the first quarter worth $46,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Applied Optoelectronics by 272.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 6,787 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at about $109,000. Truvestments Capital LLC bought a new stake in Applied Optoelectronics in the 1st quarter valued at about $161,000. Finally, Headlands Technologies LLC acquired a new position in Applied Optoelectronics during the 4th quarter worth approximately $191,000. 61.72% of the stock is owned by institutional investors and hedge funds.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.