Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Applied Optoelectronics from a hold rating to a buy rating and set a $19.00 price objective for the company in a research note on Wednesday, February 6th. ValuEngine upgraded Applied Optoelectronics from a strong sell rating to a sell rating in a research note on Tuesday, February 26th. Finally, Rosenblatt Securities reiterated a sell rating and issued a $10.00 price objective (down previously from $15.00) on shares of Applied Optoelectronics in a research note on Tuesday, February 12th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $20.50.
NASDAQ AAOI opened at $12.36 on Friday. The stock has a market capitalization of $260.23 million, a price-to-earnings ratio of 23.21 and a beta of 1.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.51 and a quick ratio of 1.30. Applied Optoelectronics has a 1-year low of $11.77 and a 1-year high of $50.30.
Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Thursday, February 21st. The semiconductor company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16). The company had revenue of $58.02 million during the quarter, compared to the consensus estimate of $60.78 million. Applied Optoelectronics had a positive return on equity of 3.06% and a negative net margin of 0.80%. On average, sell-side analysts forecast that Applied Optoelectronics will post -0.82 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Applied Optoelectronics by 0.8% in the 4th quarter. BlackRock Inc. now owns 2,823,899 shares of the semiconductor company’s stock valued at $43,573,000 after buying an additional 22,134 shares during the period. Vanguard Group Inc lifted its stake in Applied Optoelectronics by 5.7% during the third quarter. Vanguard Group Inc now owns 1,170,718 shares of the semiconductor company’s stock worth $28,870,000 after purchasing an additional 63,087 shares during the last quarter. Vanguard Group Inc. lifted its stake in Applied Optoelectronics by 5.7% during the third quarter. Vanguard Group Inc. now owns 1,170,718 shares of the semiconductor company’s stock worth $28,870,000 after purchasing an additional 63,087 shares during the last quarter. Investment Counselors of Maryland LLC lifted its stake in Applied Optoelectronics by 2.2% during the fourth quarter. Investment Counselors of Maryland LLC now owns 449,510 shares of the semiconductor company’s stock worth $6,936,000 after purchasing an additional 9,529 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Applied Optoelectronics by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 322,712 shares of the semiconductor company’s stock worth $7,959,000 after purchasing an additional 5,559 shares during the last quarter. Institutional investors and hedge funds own 59.89% of the company’s stock.
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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