Applied Optoelectronics (NASDAQ:AAOI) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday.

A number of other research analysts have also commented on the stock. B. Riley upped their price target on shares of Applied Optoelectronics from $30.50 to $34.50 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Craig Hallum set a $28.00 price target on shares of Applied Optoelectronics and gave the company a “sell” rating in a research note on Wednesday, August 8th. Loop Capital reiterated a “hold” rating and issued a $45.00 price target on shares of Applied Optoelectronics in a research note on Wednesday, August 8th. Needham & Company LLC lowered shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 2nd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $39.35.

Shares of AAOI opened at $32.04 on Thursday. Applied Optoelectronics has a 52 week low of $22.54 and a 52 week high of $71.29. The stock has a market capitalization of $674.66 million, a P/E ratio of 7.74, a P/E/G ratio of 1.45 and a beta of 2.54. The company has a current ratio of 3.22, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Tuesday, August 7th. The semiconductor company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.30. Applied Optoelectronics had a net margin of 10.95% and a return on equity of 14.77%. The business had revenue of $87.82 million for the quarter, compared to analyst estimates of $77.29 million. equities analysts expect that Applied Optoelectronics will post 1.89 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Pinebridge Investments L.P. acquired a new position in shares of Applied Optoelectronics during the 2nd quarter worth approximately $166,000. Engineers Gate Manager LP acquired a new position in shares of Applied Optoelectronics during the 2nd quarter worth approximately $202,000. Piedmont Investment Advisors LLC acquired a new position in shares of Applied Optoelectronics during the 2nd quarter worth approximately $204,000. Financial Gravity Wealth Inc. acquired a new position in shares of Applied Optoelectronics during the 1st quarter worth approximately $143,000. Finally, 6 Meridian acquired a new position in shares of Applied Optoelectronics during the 2nd quarter worth approximately $278,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

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Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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