Applied Optoelectronics, Inc. (NASDAQ:AAOI) Stock Rating Reaffirmed by Piper Jaffray Companies

Pierre Vaugeois
Juillet 18, 2017

(NASDAQ:AAOI) in a research note released on Friday, The Fly reports.

Other equities research analysts have also recently issued reports about the stock. Vertical Research reissued a sell rating on shares of Applied Optoelectronics in a research report on Thursday, March 30th. BidaskClub raised shares of Applied Optoelectronics from a hold rating to a buy rating in a report on Wednesday, July 12th. They issued a "sell" rating and a $25.00 price objective on the stock. (NASDAQ:AAOI). At the time of writing, the First Call consensus price target for the company is $80.00. Buys New Stake in Applied Optoelectronics, Inc. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. They use historic price data to observe stock price patterns to predict the direction of that price going forward.

Shares of Applied Optoelectronics (NASDAQ AAOI) traded down 0.02% during trading on Friday, reaching $84.18. About 2.83 million shares traded. The company's 50 day moving average price is $65.96 and its 200-day moving average price is $46.42. The company has a market cap of $1.60 billion, a PE ratio of 29.67 and a beta of 2.85. Applied Optoelectronics also saw some unusual options trading on Friday. The stock has "Buy" rating by Roth Capital on Friday, July 14. This represents an increase of 143% compared to the typical daily volume of 3,995 call options. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.09. The company had revenue of $96.20 million during the quarter, compared to analysts' expectations of $96.20 million. Applied Optoelectronics had a net margin of 17.08% and a return on equity of 23.75%. The firm's revenue for the quarter was up 90.9% compared to the same quarter previous year. During the same period a year ago, the company earned ($0.04) EPS. Out of 2 Wall Street analysts rating Gogo, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold".

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Applied Optoelectronics, Inc. has a consensus outperform rating from 9 Wall Street analysts, and the number of shares now sold short amount to at least 53.03% of shares outstanding. The company rocked its 52-Week High of $86.36 and touched its 52-Week Low of $11.5. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Piper Jaffray maintained the shares of AAOI in report on Thursday, July 13 with "Buy" rating. This gives investors an idea of how much the security has moved in the past year and whether it is trading near the top, middle or bottom of the range. While the company's share hit the 52 week high on 07/14/17 stationing the value of $79.98. The disclosure for this sale can be found here. SYMC stock price climbed 43.65% over the past year, yielding a positive weighted alpha of 38.2 percent. The institutional ownership stake in the corporation is 81.90%. (AAOI) have 18.60 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Russell Investments Group Ltd. acquired a new stake in shares of Applied Optoelectronics during the fourth quarter valued at $2,293,000. In the last quarter, insiders have sold 117,048 shares of company stock worth $7,713,586. Renaissance Technologies LLC boosted its stake in Applied Optoelectronics by 195.2% in the first quarter. Ameriprise Financial Inc. now owns 115,735 shares of the semiconductor company's stock worth $6,498,000 after buying an additional 20,695 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Applied Optoelectronics during the fourth quarter valued at about $264,000. 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. It dived, as 14 investors sold Applied Optoelectronics Inc shares while 33 reduced holdings.

02/24/2017 - Applied Optoelectronics, Inc. had its " rating reiterated by analysts at Craig-Hallum. The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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