Applied Optoelectronics (AAOI) Given Average Rating of “Hold” by Analysts

Shares of Applied Optoelectronics (NASDAQ:AAOI) have been assigned an average recommendation of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $49.48.

Several brokerages recently weighed in on AAOI. BidaskClub raised shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Cowen reissued an “outperform” rating and issued a $53.00 price objective (down previously from $60.00) on shares of Applied Optoelectronics in a research note on Thursday, February 22nd. Craig Hallum set a $32.00 price objective on shares of Applied Optoelectronics and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Piper Jaffray Companies cut shares of Applied Optoelectronics from an “overweight” rating to a “neutral” rating in a research note on Monday, January 29th.

Shares of Applied Optoelectronics traded up $0.29, reaching $33.51, during midday trading on Monday, according to Marketbeat. 640,898 shares of the company were exchanged, compared to its average volume of 1,407,145. The stock has a market cap of $650.41 million, a PE ratio of 7.92, a PEG ratio of 1.75 and a beta of 2.59. Applied Optoelectronics has a one year low of $22.54 and a one year high of $103.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.14 and a current ratio of 3.46.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05). Applied Optoelectronics had a return on equity of 20.82% and a net margin of 16.02%. The business had revenue of $65.20 million during the quarter, compared to the consensus estimate of $68.94 million. During the same period in the prior year, the firm earned $1.10 EPS. The business’s revenue for the quarter was down 32.2% compared to the same quarter last year. sell-side analysts predict that Applied Optoelectronics will post 1.68 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of AAOI. California Public Employees Retirement System boosted its position in Applied Optoelectronics by 9.0% during the third quarter. California Public Employees Retirement System now owns 50,807 shares of the semiconductor company’s stock valued at $3,286,000 after acquiring an additional 4,207 shares during the last quarter. SPC Financial Inc. boosted its position in Applied Optoelectronics by 136.0% during the fourth quarter. SPC Financial Inc. now owns 7,940 shares of the semiconductor company’s stock valued at $300,000 after acquiring an additional 4,575 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Applied Optoelectronics by 4.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 108,196 shares of the semiconductor company’s stock valued at $4,092,000 after acquiring an additional 4,970 shares during the last quarter. Westpac Banking Corp boosted its position in Applied Optoelectronics by 21.0% during the fourth quarter. Westpac Banking Corp now owns 20,930 shares of the semiconductor company’s stock valued at $792,000 after acquiring an additional 3,636 shares during the last quarter. Finally, Bowling Portfolio Management LLC boosted its position in Applied Optoelectronics by 240.3% during the fourth quarter. Bowling Portfolio Management LLC now owns 32,975 shares of the semiconductor company’s stock valued at $1,247,000 after acquiring an additional 23,286 shares during the last quarter. 68.55% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

Receive News & Ratings for Applied Optoelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply