Price Action To Observe: What Next for Applied Optoelectronics Inc Stock After Today’s Big Increase?

Price Action To Observe: What Next for Applied Optoelectronics Inc Stock After Today's Big Increase?

The stock of Applied Optoelectronics Inc (NASDAQ:AAOI) is a huge mover today! About 468,944 shares traded hands or 31.34% up from the average. Applied Optoelectronics Inc (NASDAQ:AAOI) has risen 46.88% since April 5, 2016 and is uptrending. It has outperformed by 44.92% the S&P500.
The move comes after 5 months positive chart setup for the $398.05 million company. It was reported on Nov, 7 by Barchart.com. We have $36.15 PT which if reached, will make NASDAQ:AAOI worth $218.93M more.

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. Applied Optoelectronics has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, February 25 by Cowen & Co. The stock of Applied Optoelectronics Inc (NASDAQ:AAOI) earned “Outperform” rating by Northland Capital on Thursday, August 6.

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.
Moreover, Gray Group Inc Ga Adv Adv has 0% invested in Applied Optoelectronics Inc (NASDAQ:AAOI) for 20,748 shares. Cardinal Cap Management Limited Ct holds 0.05% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI) for 86,080 shares. Aqr Mgmt holds 0% or 41,529 shares in its portfolio. Blackrock Lc has 8,518 shares for 0% of their US portfolio. Gilder Gagnon Howe Limited Liability holds 0.11% or 478,787 shares in its portfolio. First Interstate National Bank & Trust accumulated 0.02% or 7,300 shares. Putnam Investments Ltd holds 0.01% or 281,832 shares in its portfolio. 1492 Mgmt Ltd Liability Com accumulated 0.18% or 18,035 shares. California Public Employees Retirement System, a California-based fund reported 39,900 shares. Ardsley Advisory Partners holds 1.06% or 550,000 shares in its portfolio. Raymond James And Assocs accumulated 0% or 80,966 shares. Hood River Mngmt accumulated 360,865 shares or 0.54% of the stock. Tudor Inv Et Al accumulated 0% or 11,200 shares. Deutsche Fincl Bank Ag has 0% invested in the company for 15,488 shares. Citigroup last reported 3,937 shares in the company.

Insider Transactions: Since May 25, 2016, the stock had 2 insider buys, and 4 sales for $92,083 net activity. Chen Min-Chu (Mike) had bought 10,000 shares worth $99,750 on Wednesday, May 25. 1,325 shares were sold by Murry Stefan J., worth $18,234 on Monday, August 1. $8,126 worth of shares were sold by Kuo David C on Monday, August 1. On Monday, August 1 the insider Chang Hung-Lun (Fred) sold $13,043. $101,460 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) was bought 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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