Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report)’s stock price traded down 9.5% on Monday. The company traded as low as $61.88 and last traded at $62.50. 14,798,599 shares changed hands during trading, an increase of 42% from the average session volume of 10,455,648 shares. The stock had previously closed at $69.05.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on AAOI. B. Riley Financial lowered their target price on Applied Optoelectronics from $109.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. Northland Securities raised shares of Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $120.00 target price on the stock in a report on Monday. Raymond James Financial restated an “outperform” rating and set a $178.00 target price on shares of Applied Optoelectronics in a research note on Tuesday, August 11th. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of Applied Optoelectronics in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.
Check Out Our Latest Analysis on Applied Optoelectronics
Applied Optoelectronics Stock Down 7.3%
The stock has a market capitalization of $5.01 billion, a P/E ratio of -75.99 and a beta of 4.04. The firm has a 50-day simple moving average of $95.56 and a 200 day simple moving average of $113.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.78 and a quick ratio of 2.13.
Applied Optoelectronics (NASDAQ:AAOI – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $191.92 million during the quarter, compared to the consensus estimate of $190.48 million. Applied Optoelectronics had a negative return on equity of 1.98% and a negative net margin of 9.57%. The firm’s revenue was up 86.3% compared to the same quarter last year. During the same period last year, the company earned ($0.16) earnings per share. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. On average, equities research analysts forecast that Applied Optoelectronics, Inc. will post 0.55 EPS for the current year.
Insider Buying and Selling
In other news, CFO Stefan J. Murry sold 4,000 shares of Applied Optoelectronics stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $102.87, for a total transaction of $411,480.00. Following the completion of the sale, the chief financial officer owned 363,168 shares in the company, valued at approximately $37,359,092.16. This trade represents a 1.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Hung-Lun Chang sold 32,172 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $110.21, for a total value of $3,545,676.12. Following the completion of the transaction, the insider directly owned 249,276 shares in the company, valued at approximately $27,472,707.96. This represents a 11.43% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 52,172 shares of company stock valued at $5,985,036. 3.80% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in shares of Applied Optoelectronics by 23.2% in the 1st quarter. California State Teachers Retirement System now owns 70,464 shares of the semiconductor company’s stock worth $5,961,000 after acquiring an additional 13,265 shares in the last quarter. Handelsbanken Fonder AB purchased a new position in Applied Optoelectronics in the second quarter worth about $7,719,000. BlackRock Inc. bought a new position in Applied Optoelectronics in the 2nd quarter valued at approximately $955,672,000. Capstone Capital Management Ltd bought a new position in shares of Applied Optoelectronics during the third quarter valued at $2,101,000. Finally, Bank of America Corp DE bought a new position in Applied Optoelectronics during the 2nd quarter valued at about $33,712,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.
Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc (NASDAQ: AAOI) develops and manufactures fiber-optic networking products and solutions. Its offerings include optical transceivers, transmitters, receivers, lasers, and related components used to transmit data across fiber-optic networks.
The company serves several communications markets, including data centers, broadband access networks, cable television, and telecommunications. Its products are designed for applications such as high-speed data transmission, fiber-to-the-home and other broadband deployments, network connectivity, and communications infrastructure.
Founded in 1997 and headquartered in Sugar Land, Texas, Applied Optoelectronics supports customers in multiple regions, including North America, Asia, and other international markets.
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