Applied Optoelectronics (AAOI) Shares Down 0%

Applied Optoelectronics Inc (NASDAQ:AAOI) shares traded down 0% during trading on Tuesday . The stock traded as low as $35.10 and last traded at $35.54. 3,015,074 shares traded hands during mid-day trading, an increase of 148% from the average session volume of 1,215,420 shares. The stock had previously closed at $35.54.

Several research analysts have commented on the company. BWS Financial reissued a “sell” rating on shares of Applied Optoelectronics in a research report on Monday, October 2nd. Craig Hallum reissued a “buy” rating and issued a $80.00 price objective (down from $95.00) on shares of Applied Optoelectronics in a research report on Tuesday, October 3rd. Needham & Company LLC reissued a “strong-buy” rating and issued a $75.00 price objective (down from $115.00) on shares of Applied Optoelectronics in a research report on Thursday, October 12th. Cowen reissued an “outperform” rating and issued a $81.00 price objective (down from $102.00) on shares of Applied Optoelectronics in a research report on Friday, October 13th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $63.00 price objective on shares of Applied Optoelectronics in a research report on Friday, October 13th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and four have assigned a strong buy rating to the stock. Applied Optoelectronics presently has an average rating of “Hold” and an average price target of $57.98.

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99. The firm has a market cap of $693.11, a PE ratio of 8.56, a P/E/G ratio of 0.75 and a beta of 2.88.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.23). The business had revenue of $88.90 million for the quarter, compared to analyst estimates of $88.53 million. Applied Optoelectronics had a net margin of 21.29% and a return on equity of 32.35%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. analysts forecast that Applied Optoelectronics Inc will post 4.22 EPS for the current fiscal year.

In other news, Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $43.00, for a total transaction of $43,000.00. Following the completion of the sale, the director now directly owns 36,478 shares in the company, valued at $1,568,554. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $45.30, for a total value of $58,890.00. Following the sale, the chief executive officer now owns 522,837 shares of the company’s stock, valued at $23,684,516.10. The disclosure for this sale can be found here. Insiders have sold 6,900 shares of company stock valued at $305,184 over the last 90 days. Insiders own 8.19% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Flinton Capital Management LLC acquired a new stake in shares of Applied Optoelectronics during the second quarter valued at about $115,000. Citigroup Inc. grew its stake in shares of Applied Optoelectronics by 96.2% during the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 993 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Applied Optoelectronics during the second quarter valued at about $137,000. Pinebridge Investments L.P. acquired a new stake in shares of Applied Optoelectronics during the second quarter valued at about $144,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Applied Optoelectronics during the second quarter valued at about $149,000. Institutional investors own 76.67% of the company’s stock.

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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.

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