Applied Optoelectronics (NASDAQ:AAOI) Price Target Raised to $25.00

Applied Optoelectronics (NASDAQ:AAOI) had its price target raised by Northland Securities from $18.00 to $25.00 in a research report sent to investors on Friday,Benzinga reports. Northland Securities currently has an outperform rating on the semiconductor company’s stock.

Several other equities research analysts have also recently issued reports on AAOI. B. Riley dropped their target price on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price target on shares of Applied Optoelectronics in a research note on Wednesday, October 9th. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. B. Riley Financial reiterated a “neutral” rating and set a $9.00 price target on shares of Applied Optoelectronics in a research note on Thursday, August 8th. Finally, Raymond James lifted their price target on shares of Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.70.

Applied Optoelectronics Trading Up 1.9 %

Shares of AAOI stock opened at $28.29 on Friday. Applied Optoelectronics has a 12-month low of $6.70 and a 12-month high of $28.70. 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 firm’s 50 day moving average is $15.93 and its 200 day moving average is $11.92. The stock has a market capitalization of $1.16 billion, a P/E ratio of -13.73 and a beta of 1.96.

Insider Activity

In other news, insider David C. Kuo sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00. Following the sale, the insider now directly owns 132,921 shares in the company, valued at $1,996,473.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.40% of the company’s stock.

Institutional Trading of Applied Optoelectronics

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in 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 acquiring an additional 442,277 shares during the last quarter. Royce & Associates LP increased its holdings in Applied Optoelectronics by 47.7% in the 3rd quarter. Royce & Associates LP now owns 1,596,545 shares of the semiconductor company’s stock valued at $22,847,000 after acquiring an additional 515,489 shares during the last quarter. Hood River Capital Management LLC increased its holdings in Applied Optoelectronics by 6.5% in the 1st quarter. Hood River Capital Management LLC now owns 1,439,404 shares of the semiconductor company’s stock valued at $19,950,000 after acquiring an additional 88,281 shares during the last quarter. Whale Rock Capital Management LLC increased its holdings in Applied Optoelectronics by 30.0% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,333,957 shares of the semiconductor company’s stock valued at $18,489,000 after acquiring an additional 308,172 shares during the last quarter. Finally, Shellback Capital LP bought a new stake in Applied Optoelectronics in the 2nd quarter valued at $8,617,000. 61.72% of the stock is currently owned by institutional investors.

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.