Applied Optoelectronics, Inc. (NASDAQ:AAOI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have been assigned a consensus recommendation of “Moderate Buy” from the four research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.25.

Several brokerages have recently weighed in on AAOI. B. Riley Financial reiterated a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 8th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research report on Friday, August 9th. B. Riley reduced their price target on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Applied Optoelectronics in a research report on Thursday.

Institutional Investors Weigh In On Applied Optoelectronics

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Applied Optoelectronics by 29.2% in the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock valued at $27,089,000 after acquiring an additional 442,277 shares during the last quarter. Hood River Capital Management LLC lifted its stake in shares of Applied Optoelectronics by 6.5% in the 1st quarter. Hood River Capital Management LLC now owns 1,439,404 shares of the semiconductor company’s stock valued at $19,950,000 after acquiring an additional 88,281 shares during the last quarter. Whale Rock Capital Management LLC lifted its stake in shares of Applied Optoelectronics by 30.0% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,333,957 shares of the semiconductor company’s stock valued at $18,489,000 after acquiring an additional 308,172 shares during the last quarter. Shellback Capital LP bought a new stake in shares of Applied Optoelectronics in the 2nd quarter valued at about $8,617,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Applied Optoelectronics by 9,687.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 853,948 shares of the semiconductor company’s stock valued at $16,498,000 after acquiring an additional 845,223 shares during the last quarter. Institutional investors own 61.72% of the company’s stock.

Applied Optoelectronics Stock Performance

Shares of Applied Optoelectronics stock opened at $9.71 on Monday. The business’s fifty day simple moving average is $8.80 and its 200 day simple moving average is $11.87. The firm has a market capitalization of $377.80 million, a P/E ratio of -5.34 and a beta of 1.97. Applied Optoelectronics has a 12 month low of $6.66 and a 12 month high of $24.75. The company has a current ratio of 1.79, a quick ratio of 1.06 and a debt-to-equity ratio of 0.39.

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

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.