As of late, investors have been taking a second look at shares of Applied Optoelectronics, Inc.
Other equities analysts have also recently issued research reports about the stock. Finally, Vertical Research reiterated a "sell" rating on shares of Applied Optoelectronics in a research report on Thursday, March 30th.
02/24/2017 - Applied Optoelectronics, Inc. had its "buy" rating reiterated by analysts at Craig-Hallum. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and two have issued a strong buy rating to the company. UBS initiated the stock with "Buy" rating in Thursday, October 6 report. Applied Optoelectronics has a 1-year low of $8.84 and a 1-year high of $67.01. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 22.39 and a beta of 2.55. In terms of the stock price in relation to its moving averages, company shares are 17.22% away from the 20-day moving average and 25.10% off of the 50-day average.
As of writing, Applied Optoelectronics, Inc.'s RSI stands at 65.36. State Street Corp now owns 262,066 shares of the semiconductor company's stock valued at $6,143,000 after buying an additional 14,484 shares in the last quarter. Applied Optoelectronics had a return on equity of 5.87% and a net margin of 8.61%. The company had revenue of $96.20 million during the quarter, compared to analysts' expectations of $96.20 million. (NVAX) now has a value of $1.09 while the company's 52 week low is at $0.73, the shares dropped to the 52 week low on 05/08/17. AAOI generated revenue of $62.99 Million in the same quarter, one year ago. On average, analysts predict that Applied Optoelectronics will post $4.67 EPS for the current fiscal year. Manufacturers Life Insurance Company The holds 0% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI) for 11,053 shares. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & global trademark & copyright legislation. New York-based Alliancebernstein Limited Partnership has invested 0% in Applied Optoelectronics Inc (NASDAQ:AAOI).
In other news, insider Hung-Lun (Fred) Chang sold 10,000 shares of Applied Optoelectronics stock in a transaction dated Tuesday, May 9th. They now have a United States dollars 26 price target on the stock. Following the sale, the insider now owns 46,054 shares of the company's stock, valued at $2,740,213. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
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WARNING: This piece of content was reported by Stock Observer and is owned by of Stock Observer. However, most financial instruments are traded after hours which mean that the closing price of a stock might not match the after-hours price. The disclosure for this sale can be found here. Cowen and Company boosted their price target on shares of Applied Optoelectronics from $75.00 to $94.00 and gave the stock an "outperform" rating in a research report on Monday.
Applied Optoelectronics, Inc. had its "buy" rating reiterated by analysts at Roth Capital. ClariVest Asset Management LLC now owns 5,345 shares of the semiconductor company's stock valued at $300,000 after buying an additional 271 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Applied Optoelectronics during the fourth quarter valued at approximately $4,081,000. The Thompson Rubinstein Investment Management Inc holds 36,487 shares with $2.88M value, up from 23,222 last quarter.
The consensus analysts recommendation at this point stands at 2.00 for 22nd Century Group, Inc.
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 Firm creates and makes a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.
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