Utilized Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report) was the recipient of a big progress in brief curiosity in August. As of August fifteenth, there was brief curiosity totalling 10,390,000 shares, a progress of 6.8% from the July thirty first whole of 9,730,000 shares. Primarily based on a mean every day quantity of 1,980,000 shares, the short-interest ratio is at present 5.2 days.
Utilized Optoelectronics Inventory Up 10.2 %
Shares of NASDAQ:AAOI opened at $11.35 on Monday. The corporate has a 50 day shifting common of $8.82 and a 200-day shifting common of $11.35. Utilized Optoelectronics has a one 12 months low of $6.66 and a one 12 months excessive of $24.75. The inventory has a market cap of $464.22 million, a price-to-earnings ratio of -6.24 and a beta of 1.97. The corporate has a debt-to-equity ratio of 0.41, a present ratio of 1.64 and a fast ratio of 0.97.
Utilized Optoelectronics (NASDAQ:AAOI – Get Free Report) final issued its earnings outcomes on Tuesday, August sixth. The semiconductor firm reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.01. Utilized Optoelectronics had a adverse internet margin of 34.84% and a adverse return on fairness of 19.82%. The corporate had income of $43.27 million through the quarter, in comparison with analysts’ expectations of $44.14 million. Throughout the identical quarter within the earlier 12 months, the corporate posted ($0.31) EPS. The enterprise’s income for the quarter was up 4.0% in comparison with the identical quarter final 12 months. On common, sell-side analysts forecast that Utilized Optoelectronics will submit -1.08 earnings per share for the present 12 months.
Hedge Funds Weigh In On Utilized Optoelectronics
Hedge funds and different institutional buyers have not too long ago added to or decreased their stakes within the inventory. CANADA LIFE ASSURANCE Co purchased a brand new place in Utilized Optoelectronics through the 1st quarter price roughly $46,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its place in shares of Utilized Optoelectronics by 272.1% through the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor firm’s inventory price $77,000 after buying an extra 6,787 shares within the final quarter. Point72 Hong Kong Ltd acquired a brand new place in shares of Utilized Optoelectronics within the 2nd quarter valued at $89,000. Summit Securities Group LLC purchased a brand new stake in shares of Utilized Optoelectronics within the 2nd quarter valued at $109,000. Lastly, The Producers Life Insurance coverage Firm acquired a brand new stake in Utilized Optoelectronics through the 2nd quarter price $118,000. Institutional buyers personal 61.72% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
A number of brokerages not too long ago issued stories on AAOI. Rosenblatt Securities reiterated a “purchase” score and set a $15.00 value goal on shares of Utilized Optoelectronics in a analysis report on Thursday, August twenty second. StockNews.com upgraded shares of Utilized Optoelectronics to a “promote” score in a analysis report on Friday, August ninth. B. Riley dropped their value goal on shares of Utilized Optoelectronics from $12.00 to $9.00 and set a “impartial” score for the corporate in a analysis report on Wednesday, August seventh. Lastly, B. Riley Monetary reiterated a “impartial” score and issued a $9.00 value goal on shares of Utilized Optoelectronics in a analysis report on Thursday, August eighth. One equities analysis analyst has rated the inventory with a promote score, two have given a maintain score and one has given a purchase score to the inventory. Based on information from MarketBeat, the corporate at present has a mean score of “Maintain” and a consensus goal value of $11.00.
View Our Newest Inventory Report on AAOI
Utilized Optoelectronics Firm Profile
Utilized Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking merchandise in the US, Taiwan, and China. It presents optical modules, optical filters, lasers, laser elements, subassemblies, transmitters and transceivers, turn-key tools, headend, node, distribution tools, and amplifiers.
Additional Studying
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