Among 4 analysts covering Applied Optoelectronics (NASDAQ:AAOI), 4 have Buy rating, 0 Sell and 0 Hold. The stock presently has a consensus rating of Buy and an average target price of $57.13.
A number of institutional investors have recently added to or reduced their stakes in AAOI.
Applied Optoelectronics (NASDAQ:AAOI) opened at 61.38 on Thursday. Craig Hallum reissued a buy rating and issued a $53.00 price target (up previously from $39.00) on shares of Applied Optoelectronics in a research report on Monday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and two have issued a strong buy rating to the company. Cowen and Company upped their price objective on Applied Optoelectronics from $75.00 to $94.00 and gave the stock an "outperform" rating in a research note on Monday.
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A look at some of the inputs to technical analysis model shows how Applied Optoelectronics, Inc. current price compares to its recent moving averages. The company has market cap of $1.17 billion.
Applied Optoelectronics, Inc. has a 50 day moving average of 51.58 and a 200 day moving average of 37.50.
Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $96.20 million during the quarter, compared to the consensus estimate of $96.20 million. Applied Optoelectronics had a return on equity of 5.87% and a net margin of 8.61%. AAOI generated revenue of $62.99 Million in the same quarter, one year ago. During the same quarter in the previous year, the business earned ($0.04) EPS.
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After a recent check, Applied Optoelectronics, Inc.
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In other Applied Optoelectronics news, Director Richard B. Black sold 1,000 shares of Applied Optoelectronics stock in a transaction that occurred on Thursday, April 6th. They now have a United States dollars 24 price target on the stock. Several investors look for stocks with a high percent of insider ownership, under this theory when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The shares were sold at an average price of $59.50, for a total value of $595,000.00. Following the completion of the sale, the director now directly owns 74,017 shares in the company, valued at approximately $4,811,105. The disclosure for this sale can be found here. Analysts, on average, seem bullish as they suggest AAOI is worth $9.69 more, giving a target price of $73.67/share. Also, insider Chih-Hsiang (Thompson) Lin sold 8,586 shares of the business's stock in a transaction dated Friday, May 12th. Morgan Stanley boosted its stake in Applied Optoelectronics by 245.9% in the first quarter. ClariVest Asset Management LLC now owns 5,345 shares of the semiconductor company's stock valued at $300,000 after buying an additional 271 shares during the period. Whale Rock Capital Management LLC acquired a new stake in shares of Applied Optoelectronics during the third quarter worth $14,646,000. Renaissance Technologies LLC now owns 514,000 shares of the semiconductor company's stock worth $28,861,000 after buying an additional 339,900 shares during the period. State Street Corp increased its stake in shares of Applied Optoelectronics by 5.9% in the fourth quarter.
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After a recent check, shares of Applied Optoelectronics, Inc.