Applied Optoelectronics (AAOI) Stock Price Down 5.6%

Applied Optoelectronics Inc (NASDAQ:AAOI) traded down 5.6% during trading on Monday . The company traded as low as $12.10 and last traded at $12.36. 1,121,287 shares changed hands during 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 equities research analysts have recently weighed in on the company. Zacks Investment Research raised Applied Optoelectronics from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Wednesday, February 6th. BidaskClub raised Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research note on Monday, February 25th. ValuEngine raised Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 26th. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $10.00 price target (down from $15.00) on shares of Applied Optoelectronics in a research note on Tuesday, February 12th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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 $260.23 million, a P/E ratio of 23.21 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 the Thomson Reuters’ consensus estimate of ($0.16). The company had revenue of $58.02 million for the quarter, compared to the consensus estimate of $60.78 million. Applied Optoelectronics had a positive return on equity of 3.06% and a negative net margin of 0.80%. On average, equities analysts predict that Applied Optoelectronics Inc will post -0.82 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of AAOI. Virtu Financial LLC grew its holdings in shares of Applied Optoelectronics by 15.3% during the 1st quarter. Virtu Financial LLC now owns 26,169 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 3,479 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Applied Optoelectronics by 521.4% during the 4th quarter. Deutsche Bank AG now owns 236,345 shares of the semiconductor company’s stock worth $3,646,000 after purchasing an additional 198,312 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Applied Optoelectronics by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 208,739 shares of the semiconductor company’s stock worth $3,220,000 after purchasing an additional 8,793 shares in the last quarter. FMR LLC grew its holdings in shares of Applied Optoelectronics by 675.9% during the 4th quarter. FMR LLC now owns 45,780 shares of the semiconductor company’s stock worth $706,000 after purchasing an additional 39,880 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Applied Optoelectronics during the 4th quarter worth approximately $348,000. 59.89% of the stock is currently owned by institutional investors.

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About Applied Optoelectronics (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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