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Applied Optoelectronics Inc (AAOI) Reaches $65.45 52-Week High

The stock of Applied Optoelectronics Inc (NASDAQ:AAOI) hit a new 52-week high and has $70.03 target or 7.00 % above today’s $65.45 share price. The 6 months bullish chart indicates low risk for the $1.27 billion company. The 1-year high was reported on May, 15 by Barchart.com. If the $70.03 price target is reached, the company will be worth $88.90 million more. The stock increased 1.90% or $1.22 on May 12, reaching $65.45. About shares traded. Applied Optoelectronics Inc (NASDAQ:AAOI) has risen 183.95% since October 6, 2016 and is uptrending. It has outperformed by 173.30% the S&P500.

Applied Optoelectronics Inc (NASDAQ:AAOI) Ratings Coverage

Among 4 analysts covering Applied Optoelectronics (NASDAQ:AAOI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Applied Optoelectronics has $25 highest and $21 lowest target. $23’s average target is -64.86% below currents $65.45 stock price. Applied Optoelectronics had 6 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Applied Optoelectronics Inc (NASDAQ:AAOI) has “Outperform” rating given on Thursday, August 6 by Northland Capital. Cowen & Co maintained the shares of AAOI in report on Thursday, February 25 with “Outperform” rating.

Investors sentiment decreased to 1.32 in Q4 2016. Its down 0.42, from 1.74 in 2016Q3. It fall, as 14 investors sold Applied Optoelectronics Inc shares while 33 reduced holdings. 29 funds opened positions while 33 raised stakes. 13.00 million shares or 3.94% more from 12.51 million shares in 2016Q3 were reported.
Moreover, King Wealth Mgmt Gru Ltd Llc has 0.16% invested in Applied Optoelectronics Inc (NASDAQ:AAOI). Eam Ltd holds 0.4% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI) for 129,028 shares. Morgan Stanley has invested 0% in Applied Optoelectronics Inc (NASDAQ:AAOI). Lsv Asset Mngmt reported 46,600 shares. Tudor Invest Et Al invested 0.01% in Applied Optoelectronics Inc (NASDAQ:AAOI). New York State Common Retirement Fund holds 97,010 shares or 0% of its portfolio. Schwab Charles Invest Management Inc has invested 0% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI). Bogle Management Lp De holds 255,602 shares. Wells Fargo Mn reported 0% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI). Jpmorgan Chase holds 0% or 38,183 shares. Emerald Mutual Fund Advisers Trust has 401,283 shares. Nationwide Fund Advsr has 0% invested in Applied Optoelectronics Inc (NASDAQ:AAOI). Ledyard Savings Bank reported 540 shares or 0% of all its holdings. Victory Cap Mngmt Inc holds 53,605 shares or 0% of its portfolio. Wellington Management Gp Ltd Liability Partnership has 0.01% invested in Applied Optoelectronics Inc (NASDAQ:AAOI) for 2.01 million shares.

Since November 16, 2016, it had 0 insider buys, and 10 insider sales for $4.40 million activity. Murry Stefan J. also sold $296,032 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) on Wednesday, November 16. Shares for $507,949 were sold by Lin Chih-Hsiang (Thompson) on Thursday, November 17. $227,220 worth of stock was sold by Kuo David C on Monday, May 8. Another trade for 5,000 shares valued at $260,000 was sold by Chen Min-Chu (Mike). Yeh Shu-Hua (Joshua) also sold $772,077 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) shares. On Tuesday, March 7 Chang Hung-Lun (Fred) sold $163,500 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) or 3,000 shares. Another trade for 37,664 shares valued at $1.78M was sold by Yeh William H.

Applied Optoelectronics, Inc. is a vertically integrated well-known provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television , fiber-to-the-home (FTTH) and telecommunications (telecom). The company has market cap of $1.27 billion. The Firm creates and makes a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. It has a 23.28 P/E ratio. To Internet data center operators, 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.

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