AU Optronics Corp (NYSE:AUO) has earned an average rating of “Hold” from the eleven brokerages that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company.
AUO has been the subject of a number of research reports. Morgan Stanley upgraded AU Optronics from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 23rd. CLSA upgraded AU Optronics from an “underperform” rating to an “outperform” rating in a research report on Wednesday, January 24th. Credit Suisse Group lowered AU Optronics from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research lowered AU Optronics from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th.
A number of hedge funds have recently made changes to their positions in AUO. Wells Fargo & Company MN increased its position in shares of AU Optronics by 0.9% during the 2nd quarter. Wells Fargo & Company MN now owns 127,957 shares of the semiconductor company’s stock worth $583,000 after purchasing an additional 1,201 shares during the last quarter. Wedbush Securities Inc. grew its holdings in AU Optronics by 27.7% in the 3rd quarter. Wedbush Securities Inc. now owns 70,513 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 15,301 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in AU Optronics by 15.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 116,566 shares of the semiconductor company’s stock valued at $485,000 after buying an additional 15,445 shares in the last quarter. Verition Fund Management LLC grew its holdings in AU Optronics by 102.3% in the 2nd quarter. Verition Fund Management LLC now owns 36,210 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 18,310 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in AU Optronics by 111.3% in the 3rd quarter. First Trust Advisors LP now owns 56,521 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 29,778 shares in the last quarter. Hedge funds and other institutional investors own 6.34% of the company’s stock.
Shares of AU Optronics (NYSE:AUO) traded down $0.17 during trading hours on Friday, hitting $4.76. The stock had a trading volume of 870,318 shares, compared to its average volume of 1,187,095. AU Optronics has a 52 week low of $3.62 and a 52 week high of $5.35. The firm has a market capitalization of $4,310.00, a price-to-earnings ratio of 3.67 and a beta of 0.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.68.
AU Optronics (NYSE:AUO) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $80.66 billion during the quarter, compared to analyst estimates of $80.65 billion. AU Optronics had a return on equity of 14.86% and a net margin of 9.47%. The company’s revenue was down 12.2% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. analysts predict that AU Optronics will post 0.19 EPS for the current fiscal year.
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About AU Optronics
AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Through Display business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels.
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