Applied Optoelectronics Inc (NASDAQ:AAOI) – Equities researchers at DA Davidson issued their Q3 2019 earnings estimates for shares of Applied Optoelectronics in a report issued on Thursday, August 8th. DA Davidson analyst T. Diffely anticipates that the semiconductor company will post earnings per share of ($0.37) for the quarter. DA Davidson also issued estimates for Applied Optoelectronics’ FY2019 earnings at ($1.48) EPS and FY2020 earnings at ($0.85) EPS.

Several other research analysts also recently commented on the company. Northland Securities reaffirmed a “sell” rating and issued a $6.50 price objective on shares of Applied Optoelectronics in a research note on Thursday, August 8th. ValuEngine downgraded Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. TheStreet downgraded Applied Optoelectronics from a “c-” rating to a “d+” rating in a research note on Thursday, May 9th. Zacks Investment Research raised Applied Optoelectronics from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Rosenblatt Securities reissued a “hold” rating and set a $10.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.54.

NASDAQ AAOI opened at $9.85 on Monday. The stock has a 50-day moving average of $9.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.95 and a quick ratio of 1.75. Applied Optoelectronics has a 52 week low of $8.56 and a 52 week high of $43.95. The company has a market capitalization of $198.50 million, a P/E ratio of 18.58 and a beta of 2.13.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.47) by $0.06. Applied Optoelectronics had a negative return on equity of 6.14% and a negative net margin of 16.22%. The firm had revenue of $43.40 million for the quarter, compared to the consensus estimate of $42.49 million. During the same quarter last year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was down 50.6% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently modified their holdings of AAOI. Royce & Associates LP bought a new stake in Applied Optoelectronics during the 1st quarter valued at approximately $3,908,000. Deutsche Bank AG increased its stake in Applied Optoelectronics by 521.4% in the 4th quarter. Deutsche Bank AG now owns 236,345 shares of the semiconductor company’s stock worth $3,646,000 after acquiring an additional 198,312 shares during the last quarter. BlackRock Inc. increased its stake in Applied Optoelectronics by 2.8% in the 2nd quarter. BlackRock Inc. now owns 2,950,555 shares of the semiconductor company’s stock worth $30,331,000 after acquiring an additional 79,610 shares during the last quarter. FMR LLC increased its stake in Applied Optoelectronics by 675.9% in the 4th quarter. FMR LLC now owns 45,780 shares of the semiconductor company’s stock worth $706,000 after acquiring an additional 39,880 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Applied Optoelectronics by 139.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 49,599 shares of the semiconductor company’s stock worth $510,000 after acquiring an additional 28,918 shares during the last quarter. 62.90% of the stock is currently owned by institutional investors.

Applied Optoelectronics Company Profile

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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Earnings History and Estimates for Applied Optoelectronics (NASDAQ:AAOI)

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