TOday’s Movers: Applied Optoelectronics (NASDAQ:AAOI) Stock Rating Reaffirmed by Analysts at B. Riley FBR; $34.5 Target Price Indicates -17.68 % Potential

August 9, 2018 - By Kristin Houston

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Logo

Investors sentiment increased to 1.01 in Q1 2018. Its up 0.16, from 0.85 in 2017Q4. It is positive, as 32 investors sold Applied Optoelectronics, Inc. shares while 39 reduced holdings. 23 funds opened positions while 49 raised stakes. 13.19 million shares or 11.40% more from 11.84 million shares in 2017Q4 were reported.

Tiaa Cref Inv Management Ltd Liability has 0% invested in Applied Optoelectronics, Inc. (NASDAQ:AAOI) for 44,153 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,434 shares in its portfolio. 12,179 are owned by Pub Sector Pension Invest Board. Creative Planning has 19,665 shares. Victory Capital Management holds 3,602 shares or 0% of its portfolio. Moreover, Putnam Ltd Company has 0% invested in Applied Optoelectronics, Inc. (NASDAQ:AAOI). Optimum Inv reported 0.01% in Applied Optoelectronics, Inc. (NASDAQ:AAOI). Citadel Advisors Limited Liability owns 49,148 shares for 0% of their portfolio. Alyeska Investment Grp L P invested 0.04% of its portfolio in Applied Optoelectronics, Inc. (NASDAQ:AAOI). 305,094 were reported by Dimensional Fund Advsrs L P. Westpac Corp, Australia-based fund reported 20,930 shares. Parallax Volatility Advisers Limited Partnership holds 0% or 2,130 shares. Amer Grp Inc Incorporated Inc owns 11,976 shares. Principal Financial Group holds 186,911 shares or 0% of its portfolio. Axa invested in 22,500 shares or 0% of the stock.

Since May 31, 2018, it had 0 insider buys, and 2 selling transactions for $201,520 activity. Kuo David C also sold $68,760 worth of Applied Optoelectronics, Inc. (NASDAQ:AAOI) shares.

Applied Optoelectronics (NASDAQ:AAOI) Rating Reaffirmed

The company has just set a price target of $34.5 on Applied Optoelectronics (NASDAQ:AAOI) shares. This is -17.68 % from the stock close price. In an analyst note revealed to clients on Wednesday morning, B. Riley FBR reaffirmed their Neutral rating on shares of AAOI.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Ratings Coverage

Among 8 analysts covering Applied Optoelectronics (NASDAQ:AAOI), 3 have Buy rating, 3 Sell and 2 Hold. Therefore 38% are positive. Applied Optoelectronics has $53 highest and $24.0 lowest target. $34.86’s average target is -16.82% below currents $41.91 stock price. Applied Optoelectronics had 10 analyst reports since February 13, 2018 according to SRatingsIntel. The firm has “Sell” rating given on Thursday, February 22 by Craig Hallum. The rating was maintained by Northland Capital on Thursday, February 22 with “Sell”. FBR Capital maintained the shares of AAOI in report on Friday, February 16 with “Hold” rating. FBR Capital maintained Applied Optoelectronics, Inc. (NASDAQ:AAOI) rating on Wednesday, August 8. FBR Capital has “Neutral” rating and $34.5 target. The firm has “Sell” rating by Rosenblatt given on Monday, June 11. The stock of Applied Optoelectronics, Inc. (NASDAQ:AAOI) has “Hold” rating given on Tuesday, February 13 by Craig Hallum. B. Riley & Co maintained Applied Optoelectronics, Inc. (NASDAQ:AAOI) rating on Thursday, February 22. B. Riley & Co has “Neutral” rating and $30.5 target. As per Thursday, February 22, the company rating was maintained by Cowen & Co. On Wednesday, May 30 the stock rating was maintained by Raymond James with “Buy”. The stock of Applied Optoelectronics, Inc. (NASDAQ:AAOI) has “Buy” rating given on Thursday, February 22 by Needham.

The stock increased 2.42% or $0.99 during the last trading session, reaching $41.91. About 583,679 shares traded. Applied Optoelectronics, Inc. (NASDAQ:AAOI) has declined 49.19% since August 9, 2017 and is downtrending. It has underperformed by 61.76% the S&P500.

Applied Optoelectronics, Inc. designs, makes, and sells fiber-optic networking products primarily for Internet data center, cable television , and fiber-to-the-home (FTTH) networking end-markets. The company has market cap of $820.56 million. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. It has a 15.02 P/E ratio. The firm sells its products to Internet data center operators, CATV and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels worldwide.

More notable recent Applied Optoelectronics, Inc. (NASDAQ:AAOI) news were published by: Streetinsider.com which released: “Pre-Open Movers 08/08: (AAOI) (DDD) (MTCH) Higher; (AMPE) (EXTR) (FTK) Lower (more…)” on August 08, 2018, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Edge Lower; CVS Health Profit Tops Expectations” published on August 08, 2018, Seekingalpha.com published: “Applied Optoelectronics: A Very Binary Play On Asia” on July 17, 2018. More interesting news about Applied Optoelectronics, Inc. (NASDAQ:AAOI) were released by: Benzinga.com and their article: “68 Stocks Moving In Wednesday’s Mid-Day Session” published on August 08, 2018 as well as Benzinga.com‘s news article titled: “What Analysts Like In Applied Optoelectronics’ Q2” with publication date: August 08, 2018.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Ratings Chart

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