ValuEngine upgraded shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) from a buy rating to a strong-buy rating in a report released on Friday morning.

Other analysts also recently issued research reports about the company. Vetr downgraded Applied Optoelectronics from a strong-buy rating to a buy rating and set a $75.55 target price on the stock. in a research note on Monday, May 22nd. Roth Capital upped their target price on Applied Optoelectronics from $60.00 to $70.00 and gave the stock a buy rating in a research note on Monday, May 15th. DA Davidson initiated coverage on Applied Optoelectronics in a research note on Thursday, June 29th. They issued a buy rating and a $95.00 target price on the stock. BidaskClub upgraded Applied Optoelectronics from a hold rating to a buy rating in a research note on Wednesday, July 12th. Finally, Craig Hallum restated a buy rating and issued a $95.00 target price (up previously from $85.00) on shares of Applied Optoelectronics in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and five have assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $77.17.

Applied Optoelectronics (NASDAQ AAOI) opened at 64.60 on Friday. The stock has a 50 day moving average price of $74.92 and a 200 day moving average price of $55.92. The company has a market cap of $1.23 billion, a P/E ratio of 22.76 and a beta of 2.98. Applied Optoelectronics has a 1-year low of $11.67 and a 1-year high of $103.41.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.28. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The firm had revenue of $117.40 million for the quarter, compared to the consensus estimate of $117.34 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The company’s revenue was up 112.3% compared to the same quarter last year. On average, equities research analysts anticipate that Applied Optoelectronics will post $5.01 EPS for the current fiscal year.

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In related news, insider Hung-Lun (Fred) Chang sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $59.50, for a total value of $595,000.00. Following the completion of the transaction, the insider now owns 46,054 shares of the company’s stock, valued at approximately $2,740,213. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel David C. Kuo sold 578 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $96.47, for a total value of $55,759.66. Following the completion of the transaction, the general counsel now directly owns 23,753 shares of the company’s stock, valued at approximately $2,291,451.91. The disclosure for this sale can be found here. Insiders sold a total of 138,742 shares of company stock valued at $9,725,420 in the last ninety days. 8.19% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in Applied Optoelectronics by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,937 shares of the semiconductor company’s stock worth $614,000 after buying an additional 26 shares during the last quarter. Legal & General Group Plc boosted its position in Applied Optoelectronics by 3.6% in the first quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock worth $248,000 after buying an additional 153 shares during the last quarter. ClariVest Asset Management LLC boosted its position in Applied Optoelectronics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 5,345 shares of the semiconductor company’s stock worth $300,000 after buying an additional 271 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in Applied Optoelectronics by 7.9% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,100 shares of the semiconductor company’s stock worth $253,000 after buying an additional 300 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in Applied Optoelectronics by 3.1% in the first quarter. Nationwide Fund Advisors now owns 10,566 shares of the semiconductor company’s stock worth $593,000 after buying an additional 315 shares during the last quarter. 77.36% of the stock is owned by institutional investors.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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