The Vetr Inc. Downgrades Applied Optoelectronics Inc (AAOI) to Hold

The Vetr Inc. Downgrades Applied Optoelectronics Inc (AAOI) to Hold

A number of other research firms have also commented on AAOI. Cowen and Company increased their price target on Applied Optoelectronics from $75.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Needham & Company LLC initiated coverage on Applied Optoelectronics in a research report on Monday, May 22nd. They set a “strong-buy” rating and a $85.00 price target on the stock. Vertical Research restated a “sell” rating on shares of Applied Optoelectronics in a research report on Thursday, March 30th. ValuEngine upgraded Applied Optoelectronics from a “hold” rating to a “buy” rating in a research report on Thursday, May 18th. Finally, Roth Capital increased their price target on Applied Optoelectronics from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $61.71.

Applied Optoelectronics Inc (NASDAQ:AAOI) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They presently have a $76.95 price target on the semiconductor company’s stock. Vetr‘s price objective would indicate a potential upside of 3.04% from the stock’s previous close.

Shares of Applied Optoelectronics (NASDAQ:AAOI) opened at 74.68 on Monday. The firm’s 50-day moving average price is $58.17 and its 200 day moving average price is $41.08. Applied Optoelectronics has a 52 week low of $9.07 and a 52 week high of $74.73. The company has a market cap of $1.42 billion, a P/E ratio of 26.31 and a beta of 2.55.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.09. The business had revenue of $96.20 million for the quarter, compared to analyst estimates of $96.20 million. Applied Optoelectronics had a return on equity of 31.53% and a net margin of 20.57%. Applied Optoelectronics’s revenue for the quarter was up 90.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) EPS. On average, equities analysts predict that Applied Optoelectronics will post $4.70 EPS for the current fiscal year. In other Applied Optoelectronics news, Director William H. Yeh sold 30,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $72.12, for a total value of $2,163,600.00. Following the transaction, the director now directly owns 71,167 shares in the company, valued at approximately $5,132,564.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stefan J. Murry sold 3,168 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $63.51, for a total value of $201,199.68. Following the completion of the transaction, the chief financial officer now owns 58,526 shares in the company, valued at $3,716,986.26. The disclosure for this sale can be found here. Insiders sold a total of 107,048 shares of company stock worth $7,097,546 over the last quarter. Corporate insiders own 8.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AAOI. Legal & General Group Plc raised its position in shares of Applied Optoelectronics by 3.6% in the first quarter. Legal & General Group Plc now owns 4,412 shares of the semiconductor company’s stock worth $248,000 after buying an additional 153 shares during the last quarter. ClariVest Asset Management LLC raised its position in shares of Applied Optoelectronics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 5,345 shares of the semiconductor company’s stock worth $300,000 after buying an additional 271 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Applied Optoelectronics by 3.1% in the first quarter. Nationwide Fund Advisors now owns 10,566 shares of the semiconductor company’s stock worth $593,000 after buying an additional 315 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Applied Optoelectronics by 2.3% in the first quarter. Teachers Advisors LLC now owns 29,403 shares of the semiconductor company’s stock worth $1,651,000 after buying an additional 668 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of Applied Optoelectronics by 7.1% in the first quarter. American International Group Inc. now owns 10,158 shares of the semiconductor company’s stock worth $570,000 after buying an additional 673 shares during the last quarter. Hedge funds and other institutional investors own 72.25% of the company’s stock. Applied Optoelectronics Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AAOI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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