Applied Optoelectronics, Inc. (NASDAQ:AAOI) Given Consensus Rating of “Moderate Buy” by Brokerages

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has been assigned an average recommendation of “Moderate Buy” from the four analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $13.50.

A number of equities analysts have recently weighed in on AAOI shares. StockNews.com raised Applied Optoelectronics to a “sell” rating in a report on Friday, August 9th. B. Riley cut their price objective on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Rosenblatt Securities lowered their target price on shares of Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a report on Thursday, August 8th.

Hedge Funds Weigh In On Applied Optoelectronics

Hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. acquired a new stake in Applied Optoelectronics during the fourth quarter worth about $1,501,000. Goldman Sachs Group Inc. raised its stake in shares of Applied Optoelectronics by 9,687.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 853,948 shares of the semiconductor company’s stock valued at $16,498,000 after acquiring an additional 845,223 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Applied Optoelectronics by 29.2% during the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock valued at $27,089,000 after acquiring an additional 442,277 shares in the last quarter. Swiss National Bank purchased a new stake in Applied Optoelectronics during the 1st quarter worth $1,123,000. Finally, Kennedy Capital Management LLC increased its holdings in Applied Optoelectronics by 88.6% in the 1st quarter. Kennedy Capital Management LLC now owns 463,213 shares of the semiconductor company’s stock valued at $6,420,000 after purchasing an additional 217,624 shares in the last quarter. Institutional investors and hedge funds own 61.72% of the company’s stock.

Applied Optoelectronics Stock Performance

NASDAQ:AAOI opened at $8.28 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 0.39. Applied Optoelectronics has a fifty-two week low of $6.66 and a fifty-two week high of $24.75. The firm’s fifty day simple moving average is $8.91 and its 200-day simple moving average is $12.04. The stock has a market cap of $322.16 million, a PE ratio of -4.55 and a beta of 1.97.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. The business had revenue of $43.27 million during the quarter, compared to analysts’ expectations of $44.14 million. Applied Optoelectronics had a negative return on equity of 16.30% and a negative net margin of 30.65%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.31) earnings per share. Analysts expect that Applied Optoelectronics will post -0.66 earnings per share for the current fiscal year.

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.