Applied Optoelectronics, Inc. (NASDAQ:AAOI) has been assigned a $47.00 price target by equities researchers at Northland Securities in a report released on Monday. The brokerage presently has a “sell” rating on the semiconductor company’s stock. Northland Securities’ target price indicates a potential downside of 33.99% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Vetr cut shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $84.73 price target for the company. in a report on Friday, July 14th. Roth Capital raised their price target on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Cowen and Company reaffirmed an “outperform” rating and issued a $100.00 price target (up previously from $94.00) on shares of Applied Optoelectronics in a report on Friday, July 14th. Finally, Needham & Company LLC raised their price target on shares of Applied Optoelectronics from $100.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, seven have issued a buy rating and five have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $76.35.

Applied Optoelectronics (AAOI) opened at 71.20 on Monday. The company has a 50-day moving average of $76.90 and a 200-day moving average of $56.55. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 25.09 and a beta of 2.98. Applied Optoelectronics has a one year low of $13.06 and a one year high of $103.41. Applied Optoelectronics also saw some unusual options trading activity on Monday. Traders bought 640 put options on the company. This is an increase of approximately 106% compared to the typical volume of 310 put options.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.28. The business had revenue of $117.40 million during the quarter, compared to analysts’ expectations of $117.34 million. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The business’s quarterly revenue was up 112.3% on a year-over-year basis. During the same quarter last year, the company posted $0.16 earnings per share. On average, equities analysts forecast that Applied Optoelectronics will post $5.30 EPS for the current fiscal year.

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In other news, Director Chewei Lin sold 22,500 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $65.00, for a total value of $1,462,500.00. Following the sale, the director now owns 74,017 shares in the company, valued at $4,811,105. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Yeh sold 30,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $72.12, for a total transaction of $2,163,600.00. Following the completion of the sale, the director now owns 71,167 shares in the company, valued at approximately $5,132,564.04. The disclosure for this sale can be found here. Insiders sold 115,844 shares of company stock worth $8,324,930 in the last quarter. Company insiders own 8.19% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AAOI. Capstone Asset Management Co. acquired a new stake in Applied Optoelectronics during the second quarter worth $203,000. SG Americas Securities LLC acquired a new stake in Applied Optoelectronics during the first quarter worth $196,000. State of Alaska Department of Revenue acquired a new stake in Applied Optoelectronics during the second quarter worth $215,000. Starfire Investment Advisers Inc. acquired a new stake in Applied Optoelectronics during the second quarter worth $216,000. Finally, 361 Capital LLC acquired a new stake in Applied Optoelectronics during the first quarter worth $208,000. Hedge funds and other institutional investors own 77.36% of the company’s stock.

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.

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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