TheStreet lowered shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) from a b- rating to a c rating in a report published on Wednesday.

A number of other analysts also recently issued reports on AAOI. ValuEngine upgraded shares of Applied Optoelectronics from a buy rating to a strong-buy rating in a report on Tuesday. Roth Capital reissued a buy rating and issued a $90.00 price objective on shares of Applied Optoelectronics in a research note on Thursday, August 10th. Cowen and Company reissued an outperform rating and issued a $102.00 price objective (up from $100.00) on shares of Applied Optoelectronics in a research note on Wednesday, August 9th. Piper Jaffray Companies reissued a buy rating and issued a $51.00 price objective on shares of Applied Optoelectronics in a research note on Friday, November 10th. Finally, Needham & Company LLC dropped their price objective on shares of Applied Optoelectronics from $75.00 to $50.00 and set a strong-buy rating for the company in a research note on Wednesday, November 8th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and four have assigned a strong buy rating to the company. Applied Optoelectronics presently has an average rating of Buy and an average price target of $62.53.

Shares of Applied Optoelectronics (NASDAQ AAOI) opened at $45.04 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The stock has a market cap of $868.32, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 0.62 and a beta of 2.90. Applied Optoelectronics has a fifty-two week low of $21.88 and a fifty-two week high of $103.41.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.23). The company had revenue of $88.90 million during the quarter, compared to the consensus estimate of $88.53 million. Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The business’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. equities research analysts predict that Applied Optoelectronics will post 4.2 earnings per share for the current year.

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In related news, Director Richard B. Black sold 1,000 shares of Applied Optoelectronics stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $43.00, for a total transaction of $43,000.00. Following the completion of the transaction, the director now directly owns 36,478 shares of the company’s stock, valued at approximately $1,568,554. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alan D. Moore purchased 22,400 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $44.60 per share, with a total value of $999,040.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 10,000 shares of company stock valued at $568,140. 8.19% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC purchased a new stake in Applied Optoelectronics in the 2nd quarter valued at about $115,000. Citigroup Inc. boosted its position in Applied Optoelectronics by 96.2% in the 2nd quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 993 shares during the period. Advisory Services Network LLC purchased a new stake in Applied Optoelectronics in the 2nd quarter valued at about $137,000. Pinebridge Investments L.P. purchased a new stake in Applied Optoelectronics in the 2nd quarter valued at about $144,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Applied Optoelectronics in the 2nd quarter valued at about $149,000. 83.33% of the stock is owned by institutional investors.

About Applied Optoelectronics

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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