Several other equities research analysts also recently issued reports on AAOI. Zacks Investment Research upgraded Applied Optoelectronics from a strong sell rating to a hold rating in a research report on Thursday, August 8th. Rosenblatt Securities restated a hold rating and set a $10.00 target price on shares of Applied Optoelectronics in a research report on Thursday, August 8th. Northland Securities restated a sell rating and set a $6.50 target price on shares of Applied Optoelectronics in a research report on Thursday, August 8th. JPMorgan Chase & Co. initiated coverage on Applied Optoelectronics in a research report on Monday, July 29th. They set a neutral rating and a $11.00 target price on the stock. Finally, TheStreet downgraded Applied Optoelectronics from a c- rating to a d+ rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Applied Optoelectronics currently has an average rating of Hold and an average price target of $18.54.
Applied Optoelectronics stock opened at $8.88 on Tuesday. Applied Optoelectronics has a 12 month low of $8.56 and a 12 month high of $43.95. The company has a current ratio of 2.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The business’s 50 day simple moving average is $9.88 and its 200 day simple moving average is $11.63.
Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Wednesday, August 7th. The semiconductor company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.06. The firm had revenue of $43.40 million for the quarter, compared to the consensus estimate of $42.49 million. Applied Optoelectronics had a negative return on equity of 6.14% and a negative net margin of 16.22%. The business’s quarterly revenue was down 50.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share. Sell-side analysts expect that Applied Optoelectronics will post -1.46 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in Applied Optoelectronics by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 208,739 shares of the semiconductor company’s stock worth $3,220,000 after acquiring an additional 8,793 shares in the last quarter. Principal Financial Group Inc. raised its stake in Applied Optoelectronics by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 152,703 shares of the semiconductor company’s stock worth $2,356,000 after acquiring an additional 1,606 shares in the last quarter. Bank of America Corp DE raised its stake in Applied Optoelectronics by 165.2% during the fourth quarter. Bank of America Corp DE now owns 18,314 shares of the semiconductor company’s stock worth $282,000 after acquiring an additional 11,408 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Applied Optoelectronics by 364.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,205 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 4,868 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Applied Optoelectronics during the fourth quarter worth $85,000. Institutional investors own 62.90% of the company’s stock.
Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.
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