Applied Optoelectronics (NASDAQ:AAOI) Given New $92.00 Price Target at B. Riley Financial

Applied Optoelectronics (NASDAQ:AAOI) had its price objective lowered by research analysts at B. Riley Financial from $109.00 to $92.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. B. Riley Financial’s price objective indicates a potential upside of 6.70% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Raymond James Financial restated an “outperform” rating and set a $178.00 price target on shares of Applied Optoelectronics in a research report on Tuesday, August 11th. Weiss Ratings downgraded Applied Optoelectronics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 17th. Wall Street Zen raised Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Needham & Company LLC lowered their target price on Applied Optoelectronics from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $220.00 target price on shares of Applied Optoelectronics in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $147.00.

Applied Optoelectronics Price Performance

Shares of Applied Optoelectronics stock opened at $86.22 on Thursday. Applied Optoelectronics has a 52-week low of $18.50 and a 52-week high of $233.67. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of -110.54 and a beta of 3.85. The company has a fifty day moving average of $112.40 and a 200-day moving average of $133.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.13 and a current ratio of 2.78.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Thursday, August 6th. The semiconductor company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $191.92 million for the quarter, compared to analyst estimates of $190.48 million. Applied Optoelectronics had a negative net margin of 9.57% and a negative return on equity of 1.98%. The firm’s quarterly revenue was up 86.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.16) EPS. Applied Optoelectronics has set its Q3 2026 guidance at 0.110-0.260 EPS. Equities research analysts expect that Applied Optoelectronics will post 0.55 EPS for the current year.

Insider Transactions at Applied Optoelectronics

In related news, insider Shu-Hua Yeh sold 6,000 shares of Applied Optoelectronics stock in a transaction on Monday, October 5th. The shares were sold at an average price of $120.03, for a total value of $720,180.00. Following the transaction, the insider directly owned 371,498 shares of the company’s stock, valued at $44,590,904.94. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Hung-Lun Chang sold 32,172 shares of Applied Optoelectronics stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $110.21, for a total transaction of $3,545,676.12. Following the completion of the transaction, the insider directly owned 249,276 shares in the company, valued at approximately $27,472,707.96. The trade was a 11.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 58,172 shares of company stock worth $6,735,709. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Applied Optoelectronics

A number of large investors have recently added to or reduced their stakes in AAOI. Polaris Financial Partners bought a new position in shares of Applied Optoelectronics during the third quarter valued at about $26,000. EFG International AG purchased a new stake in shares of Applied Optoelectronics during the second quarter worth about $44,000. Persistent Asset Partners Ltd purchased a new stake in shares of Applied Optoelectronics during the second quarter worth about $47,000. Fiduciary Financial Advisors purchased a new stake in shares of Applied Optoelectronics during the second quarter worth about $48,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Applied Optoelectronics during the second quarter worth about $58,000. Institutional investors own 61.70% of the company’s stock.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc (NASDAQ: AAOI) develops and manufactures fiber-optic networking products used to transmit data across broadband, data center, telecommunications and wireless networks. Its portfolio includes optical transceivers, modules, lasers, components and networking equipment designed for high-speed communications infrastructure.

The company serves communications service providers, cable television and broadband operators, internet content providers, data center operators and telecommunications customers.