Applied Optoelectronics, Inc. (NASDAQ:AAOI) Receives Average Recommendation of “Moderate Buy” from Analysts

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has been given an average rating of “Moderate Buy” by the four analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.75.

Several research analysts have recently issued reports on the stock. Raymond James raised shares of Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research note on Tuesday, September 3rd. B. Riley Financial reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Applied Optoelectronics in a research note on Thursday, August 8th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Friday, August 9th. Rosenblatt Securities increased their price target on Applied Optoelectronics from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, B. Riley cut their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trexquant Investment LP raised its holdings in shares of Applied Optoelectronics by 16.2% in the fourth quarter. Trexquant Investment LP now owns 165,070 shares of the semiconductor company’s stock valued at $3,189,000 after purchasing an additional 22,977 shares during the last quarter. Alpha DNA Investment Management LLC bought a new position in Applied Optoelectronics in the fourth quarter valued at $409,000. CenterBook Partners LP acquired a new stake in Applied Optoelectronics in the 4th quarter valued at $2,311,000. Goldman Sachs Group Inc. lifted its position in Applied Optoelectronics by 9,687.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 853,948 shares of the semiconductor company’s stock worth $16,498,000 after buying an additional 845,223 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth about $1,501,000. 61.72% of the stock is currently owned by institutional investors.

Applied Optoelectronics Stock Performance

NASDAQ AAOI opened at $14.20 on Friday. Applied Optoelectronics has a 1-year low of $6.66 and a 1-year high of $24.75. The company has a 50 day moving average of $10.01 and a 200-day moving average of $10.95. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The firm has a market cap of $552.49 million, a price-to-earnings ratio of -7.80 and a beta of 1.96.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.01. Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%. The business had revenue of $43.27 million for the quarter, compared to analysts’ expectations of $44.14 million. During the same period in the prior year, the firm earned ($0.31) earnings per share. Applied Optoelectronics’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Applied Optoelectronics will post -1.08 earnings per share for the current fiscal year.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.