6 days Ago By ABMN Staff
Applied Optoelectronics ( NASDAQ:AAOI – Free Report ) had its price objective trimmed by Raymond James from $31.00 to $20.00 in a report issued on Monday, Benzinga reports.
The firm currently has an outperform rating on the semiconductor company’s stock. Other equities analysts have also recently issued reports about the company. B.
Riley upgraded Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $13.00 price target for the company in a report on Friday, March 7th. Northland Securities reiterated an “outperform” rating and set a $40.
00 price target (up from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $36.
00 price objective on shares of Applied Optoelectronics in a research note on Friday, March 14th. Finally, StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research note on Wednesday, February 26th.
One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.60.
Read Our Latest Report on Applied Optoelectronics Applied Optoelectronics Stock Down 0.3 % Applied Optoelectronics ( NASDAQ:AAOI – Get Free Report ) last announced its earnings results on Wednesday, February 26th. The semiconductor company reported ($0.
09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07).
The company had revenue of $100.27 million during the quarter, compared to analyst estimates of $99.92 million.
Applied Optoelectronics had a negative net margin of 38.61% and a negative return on equity of 22.36%.
As a group, sell-side analysts anticipate that Applied Optoelectronics will post -1.18 earnings per share for the current year. Insider Activity at Applied Optoelectronics In other news, CFO Stefan J.
Murry sold 4,000 shares of Applied Optoelectronics stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $31.72, for a total value of $126,880.
00. Following the sale, the chief financial officer now owns 212,129 shares of the company’s stock, valued at $6,728,731.88.
The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Also, Director Richard B. Black sold 10,000 shares of Applied Optoelectronics stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $29.
00, for a total value of $290,000.00. Following the completion of the sale, the director now directly owns 157,813 shares in the company, valued at $4,576,577.
This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold 18,298 shares of company stock worth $543,821 in the last quarter. Company insiders own 4.96% of the company’s stock.
Institutional Trading of Applied Optoelectronics Several hedge funds and other institutional investors have recently made changes to their positions in AAOI. Meeder Asset Management Inc. purchased a new position in Applied Optoelectronics in the 4th quarter valued at approximately $38,000.
Sterling Capital Management LLC grew its holdings in Applied Optoelectronics by 858.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,284 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 1,150 shares during the last quarter.
Canada Pension Plan Investment Board acquired a new position in Applied Optoelectronics during the fourth quarter worth about $63,000. FMR LLC lifted its holdings in shares of Applied Optoelectronics by 3,290.6% in the third quarter.
FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 5,956 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in Applied Optoelectronics by 17.
6% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,262 shares of the semiconductor company’s stock worth $157,000 after buying an additional 637 shares in the last quarter.
Institutional investors and hedge funds 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. See Also 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 .
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