Applied Optoelectronics (NASDAQ:AAOI) Price Target Raised to $25.00

Applied Optoelectronics (NASDAQ:AAOI) had its target price boosted by Northland Securities from $18.00 to $25.00 in a research report released on Friday morning,Benzinga reports. Northland Securities currently has an outperform rating on the semiconductor company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Raymond James increased their price objective on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday. 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. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a report on Friday, October 25th. B. Riley cut their target price on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of Applied Optoelectronics in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.70.

Applied Optoelectronics Trading Up 55.1 %

Shares of AAOI stock opened at $27.76 on Friday. Applied Optoelectronics has a fifty-two week low of $6.70 and a fifty-two week high of $27.81. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.64. The stock has a 50 day simple moving average of $15.59 and a two-hundred day simple moving average of $11.80. The company has a market cap of $1.14 billion, a P/E ratio of -14.53 and a beta of 1.96.

Insider Activity at Applied Optoelectronics

In related news, insider David C. Kuo sold 10,000 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $15.02, for a total value of $150,200.00. Following the completion of the sale, the insider now directly owns 132,921 shares of the company’s stock, valued at approximately $1,996,473.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co purchased a new position in shares of Applied Optoelectronics in the 1st quarter worth approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Applied Optoelectronics by 272.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 6,787 shares during the period. Point72 Hong Kong Ltd purchased a new position in Applied Optoelectronics in the second quarter worth $89,000. Summit Securities Group LLC bought a new position in Applied Optoelectronics in the 2nd quarter valued at $109,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Applied Optoelectronics during the 2nd quarter valued at $118,000. 61.72% of the stock is currently owned by hedge funds and other institutional investors.

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.