Applied Optoelectronics (NASDAQ:AAOI) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Applied Optoelectronics (NASDAQ:AAOI) had its price objective hoisted by Rosenblatt Securities from $27.50 to $44.00 in a research report released on Friday, Marketbeat Ratings reports. Rosenblatt Securities currently has a buy rating on the semiconductor company’s stock.

Other equities analysts have also issued reports about the company. Raymond James increased their price objective on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. B. Riley lowered Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price objective for the company. in a report on Tuesday, December 10th. Finally, Northland Securities upped their price objective on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.00.

Applied Optoelectronics Stock Up 10.4 %

Applied Optoelectronics stock opened at $36.43 on Friday. The firm has a 50 day moving average price of $26.04 and a 200-day moving average price of $15.90. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. Applied Optoelectronics has a twelve month low of $6.70 and a twelve month high of $44.50. The company has a market capitalization of $1.64 billion, a P/E ratio of -17.68 and a beta of 2.37.

Insider Transactions at Applied Optoelectronics

In related news, Director William H. Yeh sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $43.08, for a total transaction of $430,800.00. Following the sale, the director now owns 223,538 shares of the company’s stock, valued at approximately $9,630,017.04. This represents a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Min-Chu (Mike) Chen sold 9,790 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $40.00, for a total transaction of $391,600.00. Following the completion of the sale, the director now owns 165,054 shares in the company, valued at $6,602,160. This represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,769 shares of company stock valued at $2,813,037 over the last three months. Company insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Applied Optoelectronics

Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its position in Applied Optoelectronics by 3.4% during the third quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock valued at $210,000 after purchasing an additional 483 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Applied Optoelectronics by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company’s stock worth $1,557,000 after acquiring an additional 3,081 shares during the last quarter. Truvestments Capital LLC grew its position in Applied Optoelectronics by 24.3% in the third quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company’s stock worth $227,000 after acquiring an additional 3,097 shares in the last quarter. Pingora Partners LLC bought a new position in Applied Optoelectronics in the third quarter valued at $82,000. Finally, FMR LLC raised its position in Applied Optoelectronics by 3,290.6% during the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 5,956 shares in the last quarter. 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.