Applied Optoelectronics (AAOI) Shares Down 5.6%

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Applied Optoelectronics Inc (NASDAQ:AAOI) fell 5.6% on Monday . The company traded as low as $12.10 and last traded at $12.36. 1,121,287 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 915,362 shares. The stock had previously closed at $13.09.

A number of brokerages have recently weighed in on AAOI. Zacks Investment Research upgraded Applied Optoelectronics from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, February 6th. BidaskClub upgraded Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Monday, February 25th. ValuEngine upgraded Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 26th. Finally, Rosenblatt Securities restated a “sell” rating and set a $10.00 price target (down from $15.00) on shares of Applied Optoelectronics in a research report on Tuesday, February 12th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.50.

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.51 and a quick ratio of 1.30. The stock has a market capitalization of $251.28 million, a P/E ratio of 23.68 and a beta of 1.99.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Thursday, February 21st. The semiconductor company reported ($0.16) EPS for the quarter, hitting analysts’ consensus estimates of ($0.16). The business had revenue of $58.02 million during the quarter, compared to analysts’ expectations of $60.78 million. Applied Optoelectronics had a positive return on equity of 3.06% and a negative net margin of 0.80%. Analysts forecast that Applied Optoelectronics Inc will post -0.82 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its stake in Applied Optoelectronics by 83.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,689 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 767 shares during the last quarter. Advisor Group Inc. boosted its stake in Applied Optoelectronics by 24.4% during the fourth quarter. Advisor Group Inc. now owns 4,097 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 803 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in Applied Optoelectronics by 41.2% during the fourth quarter. Neuburgh Advisers LLC now owns 3,542 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 1,034 shares during the last quarter. Legal & General Group Plc boosted its stake in Applied Optoelectronics by 3.8% during the third quarter. Legal & General Group Plc now owns 39,983 shares of the semiconductor company’s stock valued at $1,036,000 after buying an additional 1,461 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its stake in Applied Optoelectronics by 41.2% during the fourth quarter. Flinton Capital Management LLC now owns 5,474 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 1,598 shares during the last quarter. 59.89% of the stock is owned by hedge funds and other institutional investors.

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Applied Optoelectronics Company Profile (NASDAQ:AAOI)

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

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