Shares of AU Optronics Corp (NYSE:AUO) have earned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company.
A number of brokerages have issued reports on AUO. BidaskClub raised AU Optronics Corp from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. UBS AG downgraded AU Optronics Corp from a “buy” rating to a “neutral” rating in a report on Thursday, July 6th. Credit Suisse Group reissued a “neutral” rating on shares of AU Optronics Corp in a report on Wednesday, July 12th. ValuEngine raised AU Optronics Corp from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, Zacks Investment Research raised AU Optronics Corp from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th.
AU Optronics Corp (NYSE:AUO) traded down 0.97% during midday trading on Friday, reaching $4.07. The company’s stock had a trading volume of 653,124 shares. The stock’s 50-day moving average price is $4.09 and its 200 day moving average price is $4.02. The firm has a market capitalization of $3.92 billion, a PE ratio of 3.42 and a beta of 0.46. AU Optronics Corp has a 1-year low of $3.44 and a 1-year high of $4.95.
AU Optronics Corp (NYSE:AUO) last announced its quarterly 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). The business had revenue of $84.41 billion for the quarter, compared to analysts’ expectations of $87.09 billion. AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. Equities analysts anticipate that AU Optronics Corp will post $1.13 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC lifted its holdings in shares of AU Optronics Corp 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 purchasing an additional 18,310 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of AU Optronics Corp in the 2nd quarter valued at about $163,000. Tower Research Capital LLC TRC purchased a new stake in shares of AU Optronics Corp in the 2nd quarter valued at about $127,000. State Street Corp lifted its holdings in shares of AU Optronics Corp by 13.4% in the 2nd quarter. State Street Corp now owns 1,028,160 shares of the semiconductor company’s stock valued at $4,689,000 after purchasing an additional 121,188 shares during the last quarter. Finally, Shelton Capital Management purchased a new stake in shares of AU Optronics Corp in the 2nd quarter valued at about $205,000. 7.44% of the stock is owned by institutional investors and hedge funds.
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AU Optronics Corp Company Profile
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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