Live Stock Coverage: Could Applied Optoelectronics Inc Lose its Strength? The Stock Reaches 52-Week High

Live Stock Coverage: Could Applied Optoelectronics Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of Applied Optoelectronics Inc (NASDAQ:AAOI) hit a new 52-week high and has $68.69 target or 173.00% above today’s $25.16 share price. The 6 months bullish chart indicates low risk for the $433.26M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $68.69 price target is reached, the company will be worth $749.54 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 427,176 shares traded hands or 6.96% up from the average. Applied Optoelectronics Inc (NASDAQ:AAOI) has risen 48.21% since April 11, 2016 and is uptrending. It has outperformed by 42.06% the S&P500.

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 -8.59% below today’s ($25.16) stock price. Applied Optoelectronics has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Cowen & Co with “Outperform” on Thursday, February 25. The rating was maintained by Northland Capital on Thursday, August 6 with “Outperform”.

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 turned 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.
Hood River Capital Management Ltd Liability Com, a Oregon-based fund reported 360,865 shares. Geduld E E has 0.48% invested in the company for 33,000 shares. Blackrock holds 0% or 3,888 shares in its portfolio. Guggenheim Capital Ltd last reported 105,586 shares in the company. Cardinal Cap Mngmt Limited Com Ct has 86,080 shares for 0.05% of their US portfolio. Commercial Bank Of Montreal Can holds 0% or 15,393 shares in its portfolio. Marshall Wace Ltd Liability Partnership has invested 0% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI). The Germany-based Allianz Asset Mgmt Ag has invested 0% in Applied Optoelectronics Inc (NASDAQ:AAOI). California State Teachers Retirement System holds 34,592 shares or 0% of its portfolio. Portolan Capital Management Ltd, a Massachusetts-based fund reported 354,480 shares. Art Advisors reported 19,321 shares or 0.01% of all its holdings. Verition Fund Management Ltd Liability Company reported 16,000 shares or 0.02% of all its holdings. Trafelet Brokaw L P last reported 9.59% of its portfolio in the stock. Raymond James And Assoc has 0% invested in the company for 80,966 shares. Blackrock Fund Advisors has 0% invested in the company for 424,731 shares.

Insider Transactions: Since May 25, 2016, the stock had 2 insider buys, and 4 insider sales for $92,083 net activity. Chen Min-Chu (Mike) bought $99,750 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) on Wednesday, May 25. $69,724 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) shares were sold by Murry Stefan J.. 594 shares were sold by Kuo David C, worth $8,126. The insider Chang Hung-Lun (Fred) sold 948 shares worth $13,043. Another trade for 10,000 shares valued at $101,460 was made by Yeh William H 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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