Applied Optoelectronics (NASDAQ:AAOI) Stock Price Up 4%

Applied Optoelectronics, Inc. (NASDAQ:AAOIGet Free Report) shot up 4% on Monday . The company traded as high as $14.69 and last traded at $14.41. 281,459 shares were traded during trading, a decline of 91% from the average session volume of 3,110,078 shares. The stock had previously closed at $13.86.

Analysts Set New Price Targets

Several analysts have issued reports on AAOI shares. B. Riley restated a “neutral” rating and set a $16.00 price target (down from $22.00) on shares of Applied Optoelectronics in a research report on Friday, February 23rd. TheStreet raised shares of Applied Optoelectronics from a “d” rating to a “c-” rating in a research note on Friday, February 23rd. Finally, Rosenblatt Securities reduced their price objective on shares of Applied Optoelectronics from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.88.

Get Our Latest Stock Analysis on AAOI

Applied Optoelectronics Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.85 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $16.29 and a two-hundred day moving average price of $14.68.

Applied Optoelectronics (NASDAQ:AAOIGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.04 EPS for the quarter. The company had revenue of $60.50 million during the quarter, compared to the consensus estimate of $65.19 million. Applied Optoelectronics had a negative return on equity of 13.83% and a negative net margin of 25.75%. Applied Optoelectronics’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned ($0.27) EPS. As a group, research analysts anticipate that Applied Optoelectronics, Inc. will post -0.2 EPS for the current fiscal year.

Insider Activity

In related news, Director Che-Wei Lin bought 31,370 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average price of $12.70 per share, for a total transaction of $398,399.00. Following the completion of the acquisition, the director now owns 220,133 shares of the company’s stock, valued at approximately $2,795,689.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Che-Wei Lin acquired 31,370 shares of Applied Optoelectronics stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average price of $12.70 per share, for a total transaction of $398,399.00. Following the completion of the transaction, the director now owns 220,133 shares in the company, valued at $2,795,689.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chih-Hsiang (Thompson) Lin bought 11,780 shares of the company’s stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of $12.66 per share, for a total transaction of $149,134.80. Following the completion of the transaction, the chief executive officer now directly owns 1,218,160 shares of the company’s stock, valued at approximately $15,421,905.60. The disclosure for this purchase can be found here. 6.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Applied Optoelectronics

A number of institutional investors and hedge funds have recently made changes to their positions in AAOI. UBS Group AG raised its position in Applied Optoelectronics by 201.6% in the third quarter. UBS Group AG now owns 11,543 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 7,716 shares during the period. Virtu Financial LLC purchased a new stake in shares of Applied Optoelectronics in the 4th quarter worth $31,000. Squarepoint Ops LLC bought a new position in Applied Optoelectronics in the 1st quarter worth $34,000. Jane Street Group LLC purchased a new position in Applied Optoelectronics during the fourth quarter valued at $49,000. Finally, XTX Topco Ltd purchased a new position in Applied Optoelectronics during the first quarter valued at $73,000. Hedge funds and other institutional investors own 61.72% of the company’s stock.

About Applied Optoelectronics

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Applied Optoelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics and related companies with MarketBeat.com's FREE daily email newsletter.