In a report released today, Tim Savageaux from Northland Securities maintained a Hold rating on Applied Optoelectronics (AAOI), with a price target of $8.00. The company’s shares closed last Friday at $7.73.
According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 9.3% and a 56.1% success rate. Savageaux covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Communications Systems, and CommScope Holding.
Applied Optoelectronics has an analyst consensus of Hold, with a price target consensus of $14.29, implying a 76.1% upside from current levels. In a report issued on November 4, B.Riley Financial also maintained a Hold rating on the stock with a $11.00 price target.
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The company has a one-year high of $17.57 and a one-year low of $5.00. Currently, Applied Optoelectronics has an average volume of 693.4K.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAOI in relation to earlier this year.
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Applied Optoelectronics, Inc. engages in the design and manufacture of optical communications products. Its products include optical devices, such as laser diodes, photodiodes, related modules and circuitry, and equipment for applications in fiber-to-the-home, cable television, point to point communications and wireless. The company was founded by Chih Hsiang Lin on February 28, 1997 and is headquartered in Sugar Land, TX.
