Applied Optoelectronics (NASDAQ:AAOI) Given New $25.00 Price Target at Northland Securities

Applied Optoelectronics (NASDAQ:AAOI) had its target price hoisted by research analysts at Northland Securities from $18.00 to $25.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Northland Securities’ price target would suggest a potential downside of 7.17% from the stock’s previous close.

A number of other equities analysts have also commented on AAOI. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. B. Riley dropped their price target on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Raymond James raised their target price on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a report on Friday. B. Riley Financial reiterated a “neutral” rating and set a $9.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Applied Optoelectronics in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.20.

Applied Optoelectronics Stock Performance

AAOI stock traded up $9.03 during midday trading on Friday, reaching $26.93. 15,318,216 shares of the company were exchanged, compared to its average volume of 2,536,995. Applied Optoelectronics has a one year low of $6.70 and a one year high of $27.81. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -13.32 and a beta of 1.96. The business has a 50-day moving average price of $15.27 and a two-hundred day moving average price of $11.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 0.97.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. Applied Optoelectronics had a negative return on equity of 19.82% and a negative net margin of 34.84%. The firm had revenue of $43.27 million for the quarter, compared to analyst estimates of $44.14 million. During the same period in the prior year, the firm posted ($0.31) EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts forecast that Applied Optoelectronics will post -1.08 EPS for the current year.

Insider Buying and Selling at Applied Optoelectronics

In other news, insider David C. Kuo sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $15.02, for a total transaction of $150,200.00. Following the sale, the insider now directly owns 132,921 shares in the company, valued at approximately $1,996,473.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co acquired a new position in shares of Applied Optoelectronics in the first quarter worth approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Applied Optoelectronics by 272.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 6,787 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Applied Optoelectronics in the 2nd quarter worth approximately $89,000. Truvestments Capital LLC bought a new stake in shares of Applied Optoelectronics in the 1st quarter valued at $161,000. Finally, Oppenheimer & Co. Inc. bought a new position in Applied Optoelectronics during the third quarter worth $186,000. 61.72% of the stock is owned by institutional investors.

Applied Optoelectronics Company Profile

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.