HSBC upgraded shares of AU Optronics (NYSE:AUO) from a reduce rating to a hold rating in a report published on Wednesday, Briefing.com Automated Import reports.
Several other brokerages have also recently weighed in on AUO. Credit Suisse Group set a $15.00 price target on shares of C&J Energy Services and gave the stock a hold rating in a research note on Thursday, March 21st. Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $3.25.
Shares of AUO opened at $2.82 on Wednesday. The company has a market capitalization of $2.71 billion, a P/E ratio of 35.25 and a beta of 0.76. The company has a quick ratio of 1.05, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average price is $2.90. AU Optronics has a twelve month low of $2.77 and a twelve month high of $4.49.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of AU Optronics by 21.1% during the 4th quarter. BlackRock Inc. now owns 487,320 shares of the semiconductor company’s stock worth $1,920,000 after acquiring an additional 85,052 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of AU Optronics by 21.9% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 469,740 shares of the semiconductor company’s stock worth $1,710,000 after acquiring an additional 84,541 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of AU Optronics by 49.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 200,377 shares of the semiconductor company’s stock worth $789,000 after acquiring an additional 66,100 shares during the last quarter. Renaissance Group LLC boosted its stake in shares of AU Optronics by 1.9% during the 1st quarter. Renaissance Group LLC now owns 179,427 shares of the semiconductor company’s stock worth $653,000 after acquiring an additional 3,366 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in shares of AU Optronics by 76.4% during the 2nd quarter. Diversified Trust Co now owns 166,939 shares of the semiconductor company’s stock worth $494,000 after acquiring an additional 72,328 shares during the last quarter. Institutional investors and hedge funds own 6.91% of the company’s stock.
About AU Optronics
AU Optronics Corp. researches, develops, produces, and sells thin film transistor liquid crystal displays and other flat panel displays. The company operates through two segments, Display and Solar. The Display segment designs, develops, manufactures, assembles, and markets flat panel displays for use in televisions (TVs), TV sets, and other related products; desktop monitors; mobile PCs, such as notebooks and tablets; mobile phones; and commercial and other applications, including displays for automobiles, industrial PCs, automated teller machines, point of sale terminals, pachinko machines, medical equipment, and others.
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