Shares of AU Optronics Corp (NYSE:AUO) have received an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company.
A number of equities analysts recently commented on AUO shares. Zacks Investment Research upgraded AU Optronics Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. UBS AG downgraded AU Optronics Corp from a “buy” rating to a “neutral” rating in a research note on Thursday, July 6th. BidaskClub upgraded AU Optronics Corp from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Credit Suisse Group reiterated a “neutral” rating on shares of AU Optronics Corp in a research note on Wednesday, July 12th. Finally, Morgan Stanley downgraded AU Optronics Corp from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 15th.
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AU Optronics Corp (AUO) traded down 0.72% on Friday, hitting $4.12. The stock had a trading volume of 1,255,027 shares. The company’s 50-day moving average is $4.08 and its 200-day moving average is $4.02. The stock has a market cap of $3.97 billion, a P/E ratio of 137.33 and a beta of 0.46. AU Optronics Corp has a one year low of $3.44 and a one year high of $4.95.
AU Optronics Corp (NYSE:AUO) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. The business had revenue of $84.41 billion for the quarter, compared to analysts’ expectations of $87.09 billion. During the same period in the previous year, the firm posted ($0.06) earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that AU Optronics Corp will post $1.13 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in AU Optronics Corp in the second quarter worth about $127,000. US Bancorp DE grew its stake in AU Optronics Corp by 64.9% in the second quarter. US Bancorp DE now owns 28,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 11,223 shares in the last quarter. Diversified Trust Co acquired a new position in AU Optronics Corp in the second quarter worth about $130,000. Raymond James Financial Services Advisors Inc. acquired a new position in AU Optronics Corp in the second quarter worth about $163,000. Finally, Verition Fund Management LLC grew its stake in AU Optronics Corp by 102.3% in the second quarter. Verition Fund Management LLC now owns 36,210 shares of the semiconductor company’s stock worth $165,000 after purchasing an additional 18,310 shares in the last quarter. Institutional investors and hedge funds own 7.44% of the company’s stock.
About AU Optronics Corp
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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