The stock of Applied Optoelectronics Inc (NASDAQ:AAOI) hit a new 52-week high and has $39.78 target or 74.00% above today’s $22.86 share price. The 5 months bullish chart indicates low risk for the $395.33 million company. The 1-year high was reported on Oct, 5 by Barchart.com. If the $39.78 price target is reached, the company will be worth $292.54 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 97,231 shares traded hands. Applied Optoelectronics Inc (NASDAQ:AAOI) has risen 18.26% since March 2, 2016 and is uptrending. It has outperformed by 10.00% the S&P500.
Analysts await Applied Optoelectronics Inc (NASDAQ:AAOI) to report earnings on November, 3. They expect $0.13 earnings per share, down 64.86% or $0.24 from last year’s $0.37 per share. AAOI’s profit will be $2.25 million for 43.96 P/E if the $0.13 EPS becomes a reality. After $0.10 actual earnings per share reported by Applied Optoelectronics Inc for the previous quarter, Wall Street now forecasts 30.00% EPS growth.
Applied Optoelectronics Inc (NASDAQ:AAOI) Ratings Coverage
Out of 4 analysts covering Applied Optoelectronics (NASDAQ:AAOI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $25 is the highest target while $21 is the lowest. The $23 average target is 0.61% above today’s ($22.86) stock price. Applied Optoelectronics has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the shares of AAOI in a report on Thursday, February 25 with “Outperform” rating. The stock of Applied Optoelectronics Inc (NASDAQ:AAOI) has “Outperform” rating given on Thursday, August 6 by Northland Capital.
According to Zacks Investment Research, “Applied Optoelectronics, Inc. designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. The company’s products are used in fiber optic communications equipment for FTTH, point-to-point telecom, datacom and access networks and systems supporting cable television, network infrastructure. Applied Optoelectronics, Inc. is headquartered in Sugar Land, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 1.61, from 2.32 in 2016Q1. The ratio is negative, as 24 funds sold all Applied Optoelectronics Inc shares owned while 28 reduced positions. 13 funds bought stakes while 24 increased positions. They now own 12.65 million shares or 9.15% less from 13.93 million shares in 2016Q1.
Retail Bank Of America Corporation De holds 0% or 520 shares in its portfolio. Emerald Mutual Fund Advisers Trust last reported 382,123 shares in the company. Spot Trading Lc owns 5,939 shares or 0% of their US portfolio. Hood River Mngmt Limited Liability has 0.54% invested in the company for 360,865 shares. The New York-based Bnp Paribas Arbitrage has invested 0% in Applied Optoelectronics Inc (NASDAQ:AAOI). Wells Fargo Mn has 183,275 shares for 0% of their US portfolio. The Connecticut-based Tudor Et Al has invested 0% in Applied Optoelectronics Inc (NASDAQ:AAOI). Signia Capital Limited Liability Com last reported 5.27% of its portfolio in the stock. Quantitative Systematic Strategies Ltd Com reported 15,881 shares or 0.08% of all its holdings. Gilder Gagnon Howe & Limited Co last reported 478,787 shares in the company. Moreover, Gray Fincl Ga Adv Adv has 0% invested in Applied Optoelectronics Inc (NASDAQ:AAOI) for 20,748 shares. Moreover, Tiaa Cref Investment Management Ltd Liability Co has 0% invested in Applied Optoelectronics Inc (NASDAQ:AAOI) for 53,293 shares. Deutsche Financial Bank Ag accumulated 15,488 shares or 0% of the stock. Citigroup Inc reported 3,937 shares or 0% of all its holdings. Cooper Creek Prtnrs Mngmt Ltd Limited Liability Company has invested 3.88% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI).
Insider Transactions: Since May 25, 2016, the stock had 2 insider buys, and 4 sales for $92,083 net activity. Shares for $13,043 were sold by Chang Hung-Lun (Fred). The insider Murry Stefan J. sold $18,234. Kuo David C had sold 594 shares worth $8,126 on Monday, August 1. $99,750 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) shares were bought by Chen Min-Chu (Mike). Yeh William H had bought 10,000 shares worth $101,460 on Friday, May 27.
Another recent and important Applied Optoelectronics Inc (NASDAQ:AAOI) news was published by Fool.com which published an article titled: “Why Shares of Applied Optoelectronics Inc. Are Surging Today” on September 07, 2016.
AAOI Company Profile
Applied Optoelectronics, Inc., incorporated on March 25, 2013, is a vertically integrated well-known provider of fiber-optic networking products. The Firm offers its products for approximately three networking end markets, such as Internet data center; cable television (CATV), and fiber-to-the-home (FTTH). The Firm creates and makes a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. The Company’s clients in the Internet data center market include Internet (Web 2.0) data center operators, to whom it supplies optical transceivers that plug into switches and servers within the data center, and allow these network devices to send and receive data over fiber optic cables. To the CATV market, the Company supplies a range of products, including lasers, transmitters and turnkey equipment, as well as headend, node and distribution equipment. The Firm designs, makes and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process.
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