Applied Optoelectronics, Inc. (NASDAQ:AAOI) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday, July 14th. They currently have a $84.73 target price on the semiconductor company’s stock. Vetr‘s target price would indicate a potential upside of 28.69% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. Vertical Research restated a “sell” rating on shares of Applied Optoelectronics in a report on Thursday, March 30th. BidaskClub upgraded shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Roth Capital upped their price objective on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Cowen and Company upped their price objective on shares of Applied Optoelectronics from $75.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, ValuEngine lowered shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, six have given a buy rating and six have assigned a strong buy rating to the company’s stock. Applied Optoelectronics currently has a consensus rating of “Buy” and an average target price of $76.98.
Shares of Applied Optoelectronics (AAOI) opened at 65.84 on Friday. Applied Optoelectronics has a one year low of $13.06 and a one year high of $103.41. The stock has a market capitalization of $1.27 billion, a P/E ratio of 15.64 and a beta of 2.98. The stock has a 50 day moving average price of $77.58 and a 200 day moving average price of $57.87.
Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.28. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The business had revenue of $117.40 million for the quarter, compared to analyst estimates of $117.34 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s revenue was up 112.3% compared to the same quarter last year. Equities analysts forecast that Applied Optoelectronics will post $5.38 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2017/08/12/applied-optoelectronics-inc-nasdaqaaoi-downgraded-by-vetr-inc-to-buy-updated-updated-updated.html.
In other Applied Optoelectronics news, CFO Stefan J. Murry sold 3,168 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $63.51, for a total value of $201,199.68. Following the completion of the sale, the chief financial officer now owns 58,526 shares in the company, valued at approximately $3,716,986.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William H. Yeh sold 30,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $72.12, for a total transaction of $2,163,600.00. Following the completion of the sale, the director now owns 71,167 shares of the company’s stock, valued at approximately $5,132,564.04. The disclosure for this sale can be found here. Insiders have sold a total of 84,758 shares of company stock valued at $6,295,754 in the last quarter. 8.19% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Applied Optoelectronics during the fourth quarter valued at $2,293,000. State Street Corp raised its position in shares of Applied Optoelectronics by 5.9% in the fourth quarter. State Street Corp now owns 262,066 shares of the semiconductor company’s stock worth $6,143,000 after buying an additional 14,484 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Applied Optoelectronics by 103.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 72,533 shares of the semiconductor company’s stock worth $1,700,000 after buying an additional 36,802 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Applied Optoelectronics during the fourth quarter worth about $4,081,000. Finally, GSA Capital Partners LLP acquired a new stake in Applied Optoelectronics during the fourth quarter worth about $520,000. 77.36% of the stock is currently owned by institutional investors and hedge funds.
About Applied Optoelectronics
Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.
To view Vetr’s full report, visit Vetr’s official website.
What are top analysts saying about Applied Optoelectronics Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Applied Optoelectronics Inc. and related companies.