Applied Optoelectronics, Inc. (NASDAQ:AAOI) received a $47.00 price target from investment analysts at Northland Securities in a research report issued on Monday. The firm currently has a “sell” rating on the semiconductor company’s stock. Northland Securities’ price target indicates a potential downside of 27.24% from the company’s previous close.

A number of other research analysts have also weighed in on the company. DA Davidson set a $103.00 price objective on Applied Optoelectronics and gave the company a “buy” rating in a research report on Saturday. ValuEngine raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Friday. BidaskClub raised Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Raymond James Financial, Inc. reissued a “strong-buy” rating on shares of Applied Optoelectronics in a report on Tuesday, July 25th. Finally, Needham & Company LLC lifted their target price on Applied Optoelectronics from $100.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, July 24th. Three analysts have rated the stock with a sell rating, seven have issued a buy rating and five have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $77.57.

Shares of Applied Optoelectronics (NASDAQ:AAOI) traded up 10.1426% during mid-day trading on Monday, reaching $71.1521. The company’s stock had a trading volume of 5,732,620 shares. Applied Optoelectronics has a 12 month low of $11.67 and a 12 month high of $103.41. The firm has a market cap of $1.35 billion, a PE ratio of 25.0712 and a beta of 2.98. The company has a 50-day moving average of $74.92 and a 200-day moving average of $55.92. Applied Optoelectronics also saw some unusual options trading on Friday. Traders acquired 18,051 call options on the company. This is an increase of approximately 250% compared to the typical volume of 5,155 call options.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.28. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The company had revenue of $117.40 million during the quarter, compared to analyst estimates of $117.34 million. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 112.3% on a year-over-year basis. On average, analysts predict that Applied Optoelectronics will post $5.30 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/08/07/applied-optoelectronics-inc-aaoi-pt-set-at-47-00-by-northland-securities.html.

In related news, General Counsel David C. Kuo sold 578 shares of Applied Optoelectronics stock in a transaction on Monday, July 31st. The stock was sold at an average price of $96.47, for a total transaction of $55,759.66. Following the transaction, the general counsel now directly owns 23,753 shares in the company, valued at $2,291,451.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Yeh sold 30,000 shares of Applied Optoelectronics stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $72.12, for a total value of $2,163,600.00. Following the transaction, the director now owns 71,167 shares in the company, valued at $5,132,564.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,742 shares of company stock worth $9,725,420. Company insiders own 8.19% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Applied Optoelectronics during the first quarter valued at about $196,000. Capstone Asset Management Co. bought a new position in shares of Applied Optoelectronics during the second quarter valued at about $203,000. 361 Capital LLC bought a new position in shares of Applied Optoelectronics during the first quarter valued at about $208,000. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Applied Optoelectronics during the first quarter valued at about $213,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Applied Optoelectronics during the second quarter valued at about $215,000. Institutional investors own 77.36% of the company’s stock.

About Applied Optoelectronics

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.

Analyst Recommendations for Applied Optoelectronics (NASDAQ:AAOI)

Receive News & Ratings for Applied Optoelectronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.