BidaskClub downgraded shares of Applied Optoelectronics (NASDAQ:AAOI) from a sell rating to a strong sell rating in a research note released on Tuesday.
A number of other research analysts have also recently weighed in on AAOI. ValuEngine raised shares of Applied Optoelectronics from a sell rating to a hold rating in a research report on Thursday, November 15th. Zacks Investment Research lowered shares of Applied Optoelectronics from a hold rating to a strong sell rating in a research note on Thursday, January 3rd. Finally, Rosenblatt Securities reiterated a sell rating and set a $10.00 price objective (down previously from $15.00) on shares of Applied Optoelectronics in a research note on Tuesday, February 12th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Applied Optoelectronics presently has a consensus rating of Hold and a consensus target price of $20.60.
Shares of AAOI stock opened at $13.84 on Tuesday. The company has a market cap of $280.71 million, a price-to-earnings ratio of 26.11 and a beta of 2.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 2.51. Applied Optoelectronics has a fifty-two week low of $12.85 and a fifty-two week high of $50.30.
Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Thursday, February 21st. The semiconductor company reported ($0.16) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.16). The firm had revenue of $58.02 million for the quarter, compared to analysts’ expectations of $60.78 million. Applied Optoelectronics had a negative net margin of 0.80% and a positive return on equity of 3.06%. As a group, equities research analysts anticipate that Applied Optoelectronics will post -0.76 earnings per share for the current fiscal year.
In other news, CFO Stefan J. Murry sold 2,000 shares of Applied Optoelectronics stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $15.40, for a total transaction of $30,800.00. Following the sale, the chief financial officer now owns 64,520 shares in the company, valued at $993,608. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 4,000 shares of company stock worth $63,220 in the last quarter. Insiders own 6.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of Applied Optoelectronics by 83.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,689 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 767 shares during the period. Advisor Group Inc. increased its stake in shares of Applied Optoelectronics by 24.4% in the fourth quarter. Advisor Group Inc. now owns 4,097 shares of the semiconductor company’s stock worth $63,000 after buying an additional 803 shares during the last quarter. Neuburgh Advisers LLC increased its stake in shares of Applied Optoelectronics by 41.2% in the fourth quarter. Neuburgh Advisers LLC now owns 3,542 shares of the semiconductor company’s stock worth $55,000 after buying an additional 1,034 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Applied Optoelectronics by 3.8% in the third quarter. Legal & General Group Plc now owns 39,983 shares of the semiconductor company’s stock worth $1,036,000 after buying an additional 1,461 shares during the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of Applied Optoelectronics by 41.2% in the fourth quarter. Flinton Capital Management LLC now owns 5,474 shares of the semiconductor company’s stock worth $84,000 after buying an additional 1,598 shares during the last quarter. Institutional investors own 60.16% of the company’s stock.
Applied Optoelectronics Company Profile
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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