Applied Optoelectronics (NASDAQ:AAOI) Given New $43.00 Price Target at Needham & Company LLC

Applied Optoelectronics (NASDAQ:AAOI) had its price objective upped by stock analysts at Needham & Company LLC from $38.00 to $43.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 22.93% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. Northland Securities boosted their price objective on shares of Applied Optoelectronics from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, November 17th. B. Riley reaffirmed a “sell” rating and issued a $15.00 target price on shares of Applied Optoelectronics in a research report on Monday, November 10th. Rosenblatt Securities boosted their price target on Applied Optoelectronics from $35.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Applied Optoelectronics in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.60.

Applied Optoelectronics Trading Up 15.1%

NASDAQ AAOI opened at $34.98 on Thursday. The company has a market cap of $2.39 billion, a P/E ratio of -10.86 and a beta of 3.25. Applied Optoelectronics has a 12 month low of $9.71 and a 12 month high of $41.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.31 and a quick ratio of 1.63. The company has a 50-day moving average of $28.55 and a 200-day moving average of $25.49.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Thursday, November 6th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. Applied Optoelectronics had a negative net margin of 36.97% and a negative return on equity of 7.34%. The business had revenue of $118.63 million for the quarter, compared to analysts’ expectations of $119.77 million. During the same period last year, the company earned ($0.21) earnings per share. The company’s quarterly revenue was up 82.1% on a year-over-year basis. Applied Optoelectronics has set its Q4 2025 guidance at -0.130–0.040 EPS. As a group, equities analysts predict that Applied Optoelectronics will post -1.18 earnings per share for the current year.

Institutional Investors Weigh In On Applied Optoelectronics

A number of large investors have recently modified their holdings of AAOI. AlphaQuest LLC lifted its position in Applied Optoelectronics by 7.9% during the 3rd quarter. AlphaQuest LLC now owns 7,503 shares of the semiconductor company’s stock worth $195,000 after acquiring an additional 551 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Applied Optoelectronics by 1.1% during the first quarter. Rhumbline Advisers now owns 61,017 shares of the semiconductor company’s stock worth $937,000 after purchasing an additional 669 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Applied Optoelectronics by 497.5% during the second quarter. Nisa Investment Advisors LLC now owns 962 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 801 shares in the last quarter. GAMMA Investing LLC grew its holdings in Applied Optoelectronics by 85.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,785 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 825 shares in the last quarter. Finally, Corebridge Financial Inc. increased its stake in Applied Optoelectronics by 4.2% during the 1st quarter. Corebridge Financial Inc. now owns 21,096 shares of the semiconductor company’s stock worth $324,000 after buying an additional 843 shares during the period. Institutional investors and hedge funds own 61.72% of the company’s stock.

Applied Optoelectronics Company Profile

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.