Applied Optoelectronics (NASDAQ:AAOI)‘s stock had its “sell” rating reaffirmed by equities researchers at Rosenblatt Securities in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a $10.00 price objective on the semiconductor company’s stock, down from their previous price objective of $15.00. Rosenblatt Securities’ price objective would suggest a potential downside of 33.07% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. DA Davidson increased their price objective on shares of Applied Optoelectronics to $42.00 and gave the stock a “buy” rating in a research note on Thursday, November 8th. Piper Jaffray Companies dropped their price objective on shares of Applied Optoelectronics to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 7th. Zacks Investment Research lowered shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a research note on Friday, February 1st. Cowen dropped their price objective on shares of Applied Optoelectronics from $53.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, November 8th. Finally, B. Riley dropped their price target on shares of Applied Optoelectronics from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, November 5th. Six analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.
Shares of Applied Optoelectronics stock opened at $14.94 on Tuesday. The stock has a market capitalization of $290.25 million, a PE ratio of 3.53, a P/E/G ratio of 0.61 and a beta of 2.49. The company has a current ratio of 2.60, a quick ratio of 1.30 and a debt-to-equity ratio of 0.19. Applied Optoelectronics has a 1 year low of $13.42 and a 1 year high of $50.30.
In other Applied Optoelectronics news, CFO Stefan J. Murry sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $15.40, for a total value of $30,800.00. Following the sale, the chief financial officer now owns 64,520 shares in the company, valued at $993,608. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 4,000 shares of company stock worth $63,220 in the last 90 days. 6.90% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in AAOI. Benjamin F. Edwards & Company Inc. increased its stake in shares of Applied Optoelectronics by 83.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,689 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 767 shares during the period. NumerixS Investment Technologies Inc bought a new position in shares of Applied Optoelectronics in the fourth quarter valued at approximately $29,000. Neuburgh Advisers LLC boosted its holdings in shares of Applied Optoelectronics by 41.2% in the fourth quarter. Neuburgh Advisers LLC now owns 3,542 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 1,034 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Applied Optoelectronics by 24.4% in the fourth quarter. Advisor Group Inc. now owns 4,097 shares of the semiconductor company’s stock valued at $63,000 after acquiring an additional 803 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its holdings in shares of Applied Optoelectronics by 41.2% in the fourth quarter. Flinton Capital Management LLC now owns 5,474 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 1,598 shares in the last quarter. Institutional investors own 66.66% of the company’s stock.
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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