Applied Optoelectronics (NASDAQ:AAOI – Request a Free Report) was upgraded to “sell” by equity analysts at StockNews.com in a research note published on Friday.
Several other equities analysts have also recently issued reports on AAOI. B. Riley Financial reiterated a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a research report on Thursday. Rosenblatt Securities lowered their price target on Applied Optoelectronics from $20.00 to $16.00 and issued a “buy” rating for the company in a research note on Friday, May 10. Finally, B. Riley lowered their price target on Applied Optoelectronics from $12.00 to $9.00 and issued a “neutral” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, and two have given the company a buy rating. According to MarketBeat, Applied Optoelectronics currently has an average rating of “hold” and an average price target of $13.50.
Check out our latest Applied Optoelectronics stock report
Applied Optoelectronics share price
NASDAQ AAOI opened at $8.57 on Friday. The company’s 50-day moving average price is $9.19 and its 200-day moving average price is $12.45. The stock has a market cap of $333.44 million, a P/E ratio of -4.71 and a beta of 1.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.06 and a current ratio of 1.79. Applied Optoelectronics has a 52-week low of $6.66 and a 52-week high of $24.75.
Applied Optoelectronics (NASDAQ:AAOI – Get Free Report) last released its quarterly earnings results on Tuesday, August 6. The semiconductor company reported earnings per share of -$0.28 for the quarter, beating analysts’ consensus estimates of -$0.29 by $0.01. Applied Optoelectronics had a negative return on equity of 16.30% and a negative net margin of 30.65%. The company had revenue of $43.27 million for the quarter, compared to analyst estimates of $44.14 million. In the same quarter last year, the company reported earnings per share of -$0.31. Applied Optoelectronics’ quarterly revenue grew 4.0% compared to the same quarter last year. On average, equities analysts expect that Applied Optoelectronics will report earnings per share of -$0.66 for the current fiscal year.
Institutional inflows and outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Applied Optoelectronics by 29.2% in the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock worth $27,089,000 after buying an additional 442,277 shares during the period. Hood River Capital Management LLC increased its stake in Applied Optoelectronics by 6.5% in the 1st quarter. Hood River Capital Management LLC now owns 1,439,404 shares of the semiconductor company’s stock worth $19,950,000 after buying an additional 88,281 shares during the last quarter. Whale Rock Capital Management LLC increased its stake in Applied Optoelectronics by 30.0% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,333,957 shares of the semiconductor company’s stock valued at $18,489,000 after buying an additional 308,172 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Applied Optoelectronics by 9,687.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 853,948 shares of the semiconductor company’s stock valued at $16,498,000 after buying an additional 845,223 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong increased its stake in shares of Applied Optoelectronics by 30.4% in the first quarter. CloudAlpha Capital Management Limited Hong Kong now owns 831,200 shares of the semiconductor company’s stock valued at $11,520,000 after buying an additional 194,000 shares in the last quarter. 61.72% of the shares are owned by institutional investors.
About Applied Optoelectronics
(Get free report)
Applied Optoelectronics, Inc designs, manufactures, and sells fiber optic networking products in the United States, Taiwan, and China. The company offers optical modules, optical filters, lasers, laser components, assemblies, transmitters and transceivers, turnkey devices, headends, nodes, distribution equipment, and amplifiers.
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