Brokerages Set Applied Optoelectronics, Inc. (NASDAQ:AAOI) Target Price at $13.75

Shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) have earned a consensus rating of “Moderate Buy” from the four analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.75.

Several research analysts have recently weighed in on the company. Rosenblatt Securities upped their target price on Applied Optoelectronics from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. B. Riley Financial reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Applied Optoelectronics in a research note on Thursday, August 8th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a report on Friday, August 9th. B. Riley lowered their price target on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Raymond James upgraded Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $17.00 price target for the company in a report on Tuesday, September 3rd.

Applied Optoelectronics Stock Up 3.0 %

Shares of NASDAQ AAOI opened at $13.58 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $528.37 million, a PE ratio of -7.43 and a beta of 1.96. The stock’s fifty day simple moving average is $9.83 and its two-hundred day simple moving average is $10.94. Applied Optoelectronics has a 12-month low of $6.66 and a 12-month high of $24.75.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. The firm had revenue of $43.27 million for the quarter, compared to analyst estimates of $44.14 million. Applied Optoelectronics had a negative return on equity of 19.82% and a negative net margin of 34.84%. Applied Optoelectronics’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.31) earnings per share. As a group, analysts expect that Applied Optoelectronics will post -1.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Applied Optoelectronics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nomura Holdings Inc. purchased a new position in shares of Applied Optoelectronics in the 4th quarter valued at about $1,501,000. Goldman Sachs Group Inc. boosted its stake in shares of Applied Optoelectronics by 9,687.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 853,948 shares of the semiconductor company’s stock valued at $16,498,000 after buying an additional 845,223 shares during the period. Vanguard Group Inc. boosted its stake in shares of Applied Optoelectronics by 29.2% in the 1st quarter. Vanguard Group Inc. now owns 1,954,498 shares of the semiconductor company’s stock valued at $27,089,000 after buying an additional 442,277 shares during the period. Swiss National Bank purchased a new position in shares of Applied Optoelectronics in the 1st quarter valued at about $1,123,000. Finally, Kennedy Capital Management LLC boosted its stake in shares of Applied Optoelectronics by 88.6% in the 1st quarter. Kennedy Capital Management LLC now owns 463,213 shares of the semiconductor company’s stock valued at $6,420,000 after buying an additional 217,624 shares during the period. Hedge funds and other institutional investors own 61.72% of the company’s stock.

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.