Applied Optoelectronics’ (AAOI) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Applied Optoelectronics (NASDAQ:AAOI) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $50.00 target price on the semiconductor company’s stock.

A number of other research firms also recently issued reports on AAOI. Weiss Ratings reiterated a “sell (d-)” rating on shares of Applied Optoelectronics in a research report on Wednesday, January 21st. Northland Securities set a $45.00 target price on Applied Optoelectronics in a report on Thursday, December 11th. B. Riley Financial reiterated a “sell” rating and set a $15.00 price objective on shares of Applied Optoelectronics in a research note on Monday, November 10th. Finally, Needham & Company LLC upped their target price on Applied Optoelectronics from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.60.

Applied Optoelectronics Price Performance

Shares of NASDAQ AAOI opened at $51.68 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.63 and a current ratio of 2.31. Applied Optoelectronics has a one year low of $9.71 and a one year high of $54.30. The firm has a market cap of $3.53 billion, a PE ratio of -16.05 and a beta of 3.32. The firm has a fifty day moving average of $38.96 and a 200 day moving average of $31.29.

Insider Activity

In other news, insider David C. Kuo sold 17,467 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $50.17, for a total transaction of $876,319.39. Following the sale, the insider directly owned 111,663 shares of the company’s stock, valued at $5,602,132.71. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stefan J. Murry sold 11,693 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $50.25, for a total transaction of $587,573.25. Following the transaction, the chief financial officer owned 290,050 shares in the company, valued at approximately $14,575,012.50. The trade was a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 66,520 shares of company stock valued at $3,080,367. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Applied Optoelectronics

Institutional investors have recently bought and sold shares of the business. Invesco Ltd. lifted its stake in Applied Optoelectronics by 5,208.9% in the fourth quarter. Invesco Ltd. now owns 3,512,309 shares of the semiconductor company’s stock valued at $122,439,000 after buying an additional 3,446,150 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Applied Optoelectronics by 5,321.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,229,757 shares of the semiconductor company’s stock valued at $77,730,000 after purchasing an additional 2,188,630 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong boosted its stake in shares of Applied Optoelectronics by 410.7% in the 2nd quarter. CloudAlpha Capital Management Limited Hong Kong now owns 1,408,983 shares of the semiconductor company’s stock worth $36,197,000 after buying an additional 1,133,115 shares during the last quarter. Morgan Stanley grew its stake in Applied Optoelectronics by 157.1% in the 4th quarter. Morgan Stanley now owns 1,699,855 shares of the semiconductor company’s stock valued at $59,257,000 after purchasing an additional 1,038,775 shares during the period. Finally, Hawk Ridge Capital Management LP increased its holdings in Applied Optoelectronics by 106.2% during the fourth quarter. Hawk Ridge Capital Management LP now owns 1,700,900 shares of the semiconductor company’s stock worth $59,293,000 after buying an additional 875,903 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

About Applied Optoelectronics

Applied Optoelectronics, Inc develops and manufactures high-speed fiber-optic networking products designed to support the growing bandwidth demands of data centers, telecommunications carriers and internet content providers. The company’s core offerings include pluggable optical transceiver modules, transponders and optical components that enable data transmission at rates ranging from 1G to 400G. These products are used to facilitate long-haul, metro and intra-data center connectivity, addressing the need for scalable, low-latency and energy-efficient solutions in modern network infrastructures.

The company’s product portfolio spans small-form factor pluggable modules such as SFP+, QSFP+ and QSFP28 units, as well as more advanced form factors like CFP2 and OSFP for ultra-high-speed applications.