Applied Optoelectronics (NASDAQ:AAOI) Stock Passes Below 200 Day Moving Average of $14.90

Applied Optoelectronics, Inc. (NASDAQ:AAOI)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.90 and traded as low as $10.83. Applied Optoelectronics shares last traded at $10.85, with a volume of 1,346,659 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AAOI shares. Rosenblatt Securities cut their price objective on Applied Optoelectronics from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. TheStreet upgraded Applied Optoelectronics from a “d” rating to a “c-” rating in a research note on Friday, February 23rd. Finally, B. Riley reiterated a “neutral” rating and set a $16.00 price objective (down from $22.00) on shares of Applied Optoelectronics in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Applied Optoelectronics presently has an average rating of “Hold” and an average price target of $16.88.

Applied Optoelectronics Stock Down 3.6 %

The company has a current ratio of 1.85, a quick ratio of 1.16 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $416.64 million, a P/E ratio of -6.10 and a beta of 2.04. The company has a 50 day simple moving average of $14.52 and a two-hundred day simple moving average of $14.90.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.04 earnings per share for the quarter. Applied Optoelectronics had a negative return on equity of 13.83% and a negative net margin of 25.75%. The business had revenue of $60.50 million during the quarter, compared to the consensus estimate of $65.19 million. During the same period in the prior year, the company posted ($0.27) EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts predict that Applied Optoelectronics, Inc. will post -0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Chih-Hsiang (Thompson) Lin acquired 11,780 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were acquired at an average cost of $12.66 per share, with a total value of $149,134.80. Following the acquisition, the chief executive officer now directly owns 1,218,160 shares of the company’s stock, valued at $15,421,905.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Chih-Hsiang (Thompson) Lin purchased 11,780 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average price of $12.66 per share, for a total transaction of $149,134.80. Following the acquisition, the chief executive officer now owns 1,218,160 shares of the company’s stock, valued at approximately $15,421,905.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Che-Wei Lin purchased 31,370 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average price of $12.70 per share, for a total transaction of $398,399.00. Following the acquisition, the director now directly owns 220,133 shares in the company, valued at approximately $2,795,689.10. The disclosure for this purchase can be found here. 6.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Applied Optoelectronics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in Applied Optoelectronics during the 4th quarter valued at $191,000. Raymond James Financial Services Advisors Inc. bought a new position in Applied Optoelectronics in the 3rd quarter valued at $167,000. Bailard Inc. bought a new position in Applied Optoelectronics in the 4th quarter valued at $305,000. Mach 1 Financial Group LLC bought a new position in Applied Optoelectronics in the 4th quarter valued at $367,000. Finally, Alpha DNA Investment Management LLC bought a new position in Applied Optoelectronics in the 4th quarter valued at $409,000. Hedge funds and other institutional investors own 61.72% of the company’s stock.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.