$86.22 Million in Sales Expected for Applied Optoelectronics Inc (AAOI) This Quarter

Equities research analysts forecast that Applied Optoelectronics Inc (NASDAQ:AAOI) will report sales of $86.22 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Applied Optoelectronics’ earnings, with the lowest sales estimate coming in at $84.60 million and the highest estimate coming in at $90.00 million. Applied Optoelectronics posted sales of $84.90 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The business is expected to report its next earnings report after the market closes on Wednesday, February 21st.

On average, analysts expect that Applied Optoelectronics will report full year sales of $86.22 million for the current year, with estimates ranging from $386.00 million to $394.90 million. For the next financial year, analysts expect that the company will report sales of $392.40 million per share, with estimates ranging from $351.93 million to $458.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Applied Optoelectronics.

Several equities analysts have recently commented on the stock. Craig Hallum set a $32.00 price target on shares of Applied Optoelectronics and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Piper Jaffray Companies lowered shares of Applied Optoelectronics from an “overweight” rating to a “neutral” rating in a research report on Monday, January 29th. BidaskClub upgraded shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, ValuEngine lowered shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $51.53.

In related news, Director Richard B. Black sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $35.37, for a total value of $35,370.00. Following the completion of the sale, the director now owns 34,478 shares of the company’s stock, valued at $1,219,486.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chih-Hsiang (Thompson) Lin sold 3,600 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $162,864.00. Following the completion of the sale, the insider now directly owns 522,837 shares of the company’s stock, valued at approximately $23,653,145.88. The disclosure for this sale can be found here. Insiders sold 5,600 shares of company stock valued at $238,664 in the last ninety days. Corporate insiders own 8.19% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in Applied Optoelectronics by 132.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 123,224 shares of the semiconductor company’s stock valued at $7,614,000 after acquiring an additional 70,224 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Applied Optoelectronics by 21.1% in the 2nd quarter. Alliancebernstein L.P. now owns 21,200 shares of the semiconductor company’s stock valued at $1,310,000 after acquiring an additional 3,700 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Applied Optoelectronics by 106.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 14,071 shares of the semiconductor company’s stock valued at $910,000 after acquiring an additional 7,251 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Applied Optoelectronics by 10.4% in the 3rd quarter. Principal Financial Group Inc. now owns 160,471 shares of the semiconductor company’s stock valued at $10,378,000 after acquiring an additional 15,144 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Applied Optoelectronics by 82.0% in the 2nd quarter. Voya Investment Management LLC now owns 14,892 shares of the semiconductor company’s stock valued at $920,000 after acquiring an additional 6,711 shares during the last quarter. 74.26% of the stock is owned by institutional investors and hedge funds.

Applied Optoelectronics (NASDAQ:AAOI) remained flat at $$31.99 during trading on Friday. The stock had a trading volume of 1,266,572 shares, compared to its average volume of 1,280,000. The firm has a market cap of $620.04, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 0.64 and a beta of 2.51. The company has a quick ratio of 2.02, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. Applied Optoelectronics has a 1 year low of $28.56 and a 1 year high of $103.41.

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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.

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