Brokerages Set Applied Optoelectronics, Inc. (NASDAQ:AAOI) Target Price at $29.20

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has received an average rating of “Hold” from the five analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $29.20.

A number of analysts recently issued reports on AAOI shares. B. Riley cut Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price objective on the stock. in a report on Tuesday, December 10th. Northland Securities restated an “outperform” rating and issued a $40.00 price objective (up from $25.00) on shares of Applied Optoelectronics in a research report on Wednesday, December 18th. Rosenblatt Securities upped their target price on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Raymond James raised their price target on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Friday, January 3rd.

Insider Transactions at Applied Optoelectronics

In related news, CFO Stefan J. Murry sold 4,000 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the transaction, the chief financial officer now owns 212,129 shares of the company’s stock, valued at approximately $6,728,731.88. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David C. Kuo sold 10,000 shares of Applied Optoelectronics stock in a transaction on Friday, November 8th. The stock was sold at an average price of $26.93, for a total transaction of $269,300.00. Following the completion of the transaction, the insider now owns 118,122 shares in the company, valued at approximately $3,181,025.46. The trade was a 7.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,769 shares of company stock valued at $3,432,417 in the last quarter. Insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AAOI. Bank of New York Mellon Corp purchased a new stake in Applied Optoelectronics during the 2nd quarter valued at about $956,000. Rhumbline Advisers purchased a new stake in shares of Applied Optoelectronics during the second quarter valued at approximately $449,000. Dimensional Fund Advisors LP boosted its stake in shares of Applied Optoelectronics by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 616,701 shares of the semiconductor company’s stock valued at $5,113,000 after purchasing an additional 24,259 shares during the period. Sei Investments Co. purchased a new position in shares of Applied Optoelectronics in the second quarter worth $194,000. Finally, Marshall Wace LLP increased its stake in shares of Applied Optoelectronics by 51.1% in the second quarter. Marshall Wace LLP now owns 541,787 shares of the semiconductor company’s stock worth $4,491,000 after buying an additional 183,260 shares during the period. 61.72% of the stock is owned by institutional investors.

Applied Optoelectronics Price Performance

AAOI opened at $31.03 on Thursday. The firm has a 50-day moving average price of $34.59 and a 200-day moving average price of $20.45. Applied Optoelectronics has a twelve month low of $6.70 and a twelve month high of $44.50. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -15.06 and a beta of 2.39.

Applied Optoelectronics Company Profile

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.