Applied Optoelectronics (AAOI) Given a $32.00 Price Target at Craig Hallum

Craig Hallum set a $32.00 price target on Applied Optoelectronics (NASDAQ:AAOI) in a research report sent to investors on Tuesday. The firm currently has a hold rating on the semiconductor company’s stock.

Several other brokerages also recently weighed in on AAOI. ValuEngine raised shares of Applied Optoelectronics from a buy rating to a strong-buy rating in a report on Tuesday, November 14th. Piper Jaffray Companies reaffirmed a buy rating and set a $51.00 price target on shares of Applied Optoelectronics in a report on Friday, November 10th. TheStreet downgraded shares of Applied Optoelectronics from a b- rating to a c rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Applied Optoelectronics from a hold rating to a strong sell rating in a report on Tuesday, October 17th. Finally, Cowen reaffirmed a buy rating and set a $60.00 price target (down previously from $74.00) on shares of Applied Optoelectronics in a report on Thursday, December 7th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $51.53.

Applied Optoelectronics (NASDAQ:AAOI) opened at $29.51 on Tuesday. The company has a current ratio of 2.99, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12. Applied Optoelectronics has a 1-year low of $28.56 and a 1-year high of $103.41. The firm has a market cap of $586.31, a P/E ratio of 7.19, a price-to-earnings-growth ratio of 0.60 and a beta of 2.51.

In other news, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $45.30, for a total value of $58,890.00. Following the transaction, the chief executive officer now owns 522,837 shares of the company’s stock, valued at $23,684,516.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard B. Black sold 1,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $40.43, for a total transaction of $40,430.00. Following the sale, the director now directly owns 35,478 shares in the company, valued at approximately $1,434,375.54. The disclosure for this sale can be found here. Insiders sold 6,900 shares of company stock worth $297,554 in the last three months. Insiders own 8.19% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors raised its stake in Applied Optoelectronics by 3.2% during the second quarter. Nationwide Fund Advisors now owns 10,909 shares of the semiconductor company’s stock valued at $674,000 after purchasing an additional 343 shares in the last quarter. Citigroup Inc. raised its stake in Applied Optoelectronics by 96.2% during the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 993 shares in the last quarter. Advisor Group Inc. raised its stake in Applied Optoelectronics by 82.3% during the second quarter. Advisor Group Inc. now owns 2,505 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 1,131 shares in the last quarter. New York State Teachers Retirement System raised its stake in Applied Optoelectronics by 11.2% during the third quarter. New York State Teachers Retirement System now owns 13,900 shares of the semiconductor company’s stock valued at $899,000 after purchasing an additional 1,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Applied Optoelectronics by 11.1% during the second quarter. The Manufacturers Life Insurance Company now owns 14,671 shares of the semiconductor company’s stock valued at $907,000 after purchasing an additional 1,461 shares in the last quarter. 74.26% of the stock is currently owned by institutional investors.

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About Applied Optoelectronics

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

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