Applied Optoelectronics, Inc. (NASDAQ:AAOI) had its target price raised by Needham & Company LLC from $100.00 to $115.00 in a research report report published on Monday, July 24th, Marketbeat Ratings reports. Needham & Company LLC currently has a strong-buy rating on the semiconductor company’s stock.
Several other brokerages have also weighed in on AAOI. BidaskClub raised Applied Optoelectronics from a buy rating to a strong-buy rating in a research report on Wednesday, July 19th. BWS Financial reaffirmed a sell rating and issued a $25.00 target price on shares of Applied Optoelectronics in a research report on Saturday, July 22nd. Roth Capital increased their target price on Applied Optoelectronics from $70.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, July 13th. ValuEngine lowered Applied Optoelectronics from a buy rating to a hold rating in a research report on Thursday, July 13th. Finally, Vetr cut Applied Optoelectronics from a strong-buy rating to a buy rating and set a $84.73 price target for the company. in a research note on Friday, July 14th. 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. The stock currently has a consensus rating of Buy and an average target price of $76.98.
Applied Optoelectronics (AAOI) traded down 0.64% during mid-day trading on Monday, reaching $64.10. 1,952,311 shares of the company’s stock were exchanged. Applied Optoelectronics has a 52 week low of $13.34 and a 52 week high of $103.41. The company has a market capitalization of $1.24 billion, a P/E ratio of 15.23 and a beta of 2.98. The company’s 50 day moving average price is $78.28 and its 200-day moving average price is $59.12.
COPYRIGHT VIOLATION NOTICE: “Needham & Company LLC Raises Applied Optoelectronics, Inc. (NASDAQ:AAOI) Price Target to $115.00” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/08/19/needham-company-llc-boosts-applied-optoelectronics-inc-nasdaqaaoi-price-target-to-115-00-updated-updated-updated.html.
In related news, insider Shu-Hua (Joshua) Yeh sold 10,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $68.06, for a total value of $680,600.00. Following the completion of the sale, the insider now directly owns 99,742 shares of the company’s stock, valued at approximately $6,788,440.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel David C. Kuo sold 507 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $70.00, for a total value of $35,490.00. Following the completion of the sale, the general counsel now directly owns 26,307 shares of the company’s stock, valued at $1,841,490. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,140 shares of company stock valued at $5,894,795. Company insiders own 8.19% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in shares of Applied Optoelectronics during the second quarter worth $137,000. Public Employees Retirement System of Ohio increased its position in shares of Applied Optoelectronics by 132.5% in the second quarter. Public Employees Retirement System of Ohio now owns 123,224 shares of the semiconductor company’s stock worth $7,614,000 after buying an additional 70,224 shares during the last quarter. Sterneck Capital Management LLC bought a new position in shares of Applied Optoelectronics during the second quarter worth $247,000. Piedmont Investment Advisors LLC bought a new position in shares of Applied Optoelectronics during the second quarter worth $236,000. Finally, Private Advisory Group LLC increased its position in shares of Applied Optoelectronics by 25.4% in the second quarter. Private Advisory Group LLC now owns 6,672 shares of the semiconductor company’s stock worth $413,000 after buying an additional 1,350 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.
Applied Optoelectronics Company Profile
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.
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.