The stock of Applied Optoelectronics Inc (NASDAQ:AAOI) is a huge mover today! The stock decreased 3.15% or $0.74 during the last trading session, hitting $22.76. About 706,304 shares traded hands or 89.42% up from the average. Applied Optoelectronics Inc (NASDAQ:AAOI) has risen 57.93% since April 6, 2016 and is uptrending. It has outperformed by 55.97% the S&P500.
The move comes after 5 months negative chart setup for the $423.45M company. It was reported on Nov, 8 by Barchart.com. We have $20.03 PT which if reached, will make NASDAQ:AAOI worth $50.81M less.
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. Northland Capital maintained Applied Optoelectronics Inc (NASDAQ:AAOI) on Thursday, August 6 with “Outperform” rating. The rating was maintained by Cowen & Co with “Outperform” on Thursday, February 25.
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.
Citadel Llc holds 0% or 10,342 shares in its portfolio. Thompson Davis Communication accumulated 16,750 shares or 0.3% of the stock. Raymond James Advsrs has 27,759 shares for 0% of their US portfolio. Moreover, Emerald Mutual Fund Advisers has 0.24% invested in Applied Optoelectronics Inc (NASDAQ:AAOI) for 382,123 shares. Amer Inc has invested 0% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI). Guggenheim Cap owns 105,586 shares or 0% of their US portfolio. 1492 Capital Mngmt Ltd Limited Liability Company owns 18,035 shares or 0.18% of their US portfolio. Marshall Wace Ltd Liability Partnership holds 0% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI) for 18,354 shares. Blackrock Institutional Tru Na last reported 404,095 shares in the company. Tiaa Cref Invest Management Lc last reported 53,293 shares in the company. Wellington Management Llp accumulated 2.25M shares or 0.01% of the stock. Ardsley Advisory Prtnrs holds 1.06% or 550,000 shares in its portfolio. Tudor Inv Corporation Et Al accumulated 0% or 11,200 shares. G2 Invest Prtnrs Management Limited holds 0.63% or 122,098 shares in its portfolio. Portolan Cap Limited Company owns 354,480 shares or 0.57% of their US portfolio.
Insider Transactions: Since May 25, 2016, the stock had 2 insider buys, and 4 sales for $92,083 net activity. Kuo David C sold $8,126 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) on Monday, August 1. On Monday, September 12 the insider Murry Stefan J. sold $69,724. Chen Min-Chu (Mike) bought $99,750 worth of stock or 10,000 shares. $101,460 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) shares were bought by Yeh William H. The insider Chang Hung-Lun (Fred) sold 948 shares worth $13,043.
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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