Equities research analysts predict that Applied Optoelectronics Inc (NASDAQ:AAOI) will post sales of $86.22 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Applied Optoelectronics’ earnings. The lowest sales estimate is $84.60 million and the highest is $90.00 million. Applied Optoelectronics posted sales of $84.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.6%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, February 21st.

On average, analysts expect that Applied Optoelectronics will report full year sales of $86.22 million for the current fiscal year, with estimates ranging from $386.00 million to $394.90 million. For the next year, analysts forecast that the business will report sales of $392.40 million per share, with estimates ranging from $351.93 million to $458.40 million. Zacks’ sales averages are an average based on a survey of analysts that follow Applied Optoelectronics.

AAOI has been the topic of several analyst reports. Zacks Investment Research lowered Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 17th. DA Davidson reiterated a “buy” rating and set a $69.00 price target on shares of Applied Optoelectronics in a report on Wednesday, November 8th. Needham & Company LLC reduced their price target on Applied Optoelectronics from $75.00 to $50.00 and set a “strong-buy” rating on the stock in a report on Wednesday, November 8th. Piper Jaffray Companies reiterated a “buy” rating and set a $51.00 price target on shares of Applied Optoelectronics in a report on Friday, November 10th. Finally, ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.53.

Applied Optoelectronics (NASDAQ AAOI) traded down $0.74 during midday trading on Friday, hitting $29.51. The stock had a trading volume of 1,388,700 shares, compared to its average volume of 1,227,587. Applied Optoelectronics has a fifty-two week low of $28.56 and a fifty-two week high of $103.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99. The stock has a market cap of $586.31, a price-to-earnings ratio of 7.38, a PEG ratio of 0.60 and a beta of 2.51.

In related news, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $45.30, for a total value of $58,890.00. Following the sale, the chief executive officer now directly owns 522,837 shares in the company, valued at approximately $23,684,516.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard B. Black sold 1,000 shares of Applied Optoelectronics stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $40.43, for a total value of $40,430.00. Following the completion of the transaction, the director now directly owns 35,478 shares of the company’s stock, valued at $1,434,375.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,900 shares of company stock worth $297,554. 8.19% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAOI. Schwab Charles Investment Management Inc. grew its position in Applied Optoelectronics by 31.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 37,700 shares of the semiconductor company’s stock valued at $2,330,000 after acquiring an additional 9,100 shares in the last quarter. Alliancebernstein L.P. grew its position in Applied Optoelectronics by 21.1% in the 2nd quarter. Alliancebernstein L.P. now owns 21,200 shares of the semiconductor company’s stock valued at $1,310,000 after acquiring an additional 3,700 shares in the last quarter. Teachers Advisors LLC grew its position in Applied Optoelectronics by 12.8% in the 2nd quarter. Teachers Advisors LLC now owns 33,159 shares of the semiconductor company’s stock valued at $2,049,000 after acquiring an additional 3,756 shares in the last quarter. Ameriprise Financial Inc. grew its position in Applied Optoelectronics by 20.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 139,160 shares of the semiconductor company’s stock valued at $8,599,000 after acquiring an additional 23,425 shares in the last quarter. Finally, Nationwide Fund Advisors grew its position in Applied Optoelectronics by 3.2% in the 2nd quarter. Nationwide Fund Advisors now owns 10,909 shares of the semiconductor company’s stock valued at $674,000 after acquiring an additional 343 shares in the last quarter. 74.26% of the stock is owned by institutional investors.

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Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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