AU Optronics (NYSE:AUO) Lifted to “Hold” at Zacks Investment Research

AU Optronics (NYSE:AUO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Au Optronics is a world-leading manufacturer of large-size thin film transistor liquid crystal display panels, which are currently the most widely used flat panel display technology. They are used in notebook computers, desktop monitors, televisions, digital cameras, DVD players, PDAs, mobile phones, portable games, and car navigation systems, among other applications. “

Separately, HSBC upgraded AU Optronics from a “reduce” rating to a “hold” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $3.25.



Shares of AU Optronics stock traded up $0.17 during trading hours on Friday, hitting $2.37. The company’s stock had a trading volume of 1,167,145 shares, compared to its average volume of 869,239. The business has a 50 day moving average price of $2.69 and a two-hundred day moving average price of $3.23. AU Optronics has a 12-month low of $2.16 and a 12-month high of $4.44. The company has a market cap of $2.22 billion, a PE ratio of 6.97 and a beta of 0.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.56.

AU Optronics (NYSE:AUO) last announced its quarterly earnings data on Thursday, July 25th. The semiconductor company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.09. AU Optronics had a negative return on equity of 0.81% and a negative net margin of 0.59%. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $70.06 billion. During the same period in the previous year, the business earned $0.13 earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. As a group, research analysts anticipate that AU Optronics will post -0.37 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC purchased a new position in shares of AU Optronics in the second quarter valued at about $31,000. Camelot Portfolios LLC bought a new stake in shares of AU Optronics in the first quarter worth about $50,000. Millennium Management LLC increased its holdings in shares of AU Optronics by 38.1% in the fourth quarter. Millennium Management LLC now owns 20,088 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 5,538 shares during the last quarter. Cornerstone Advisors Inc. increased its holdings in shares of AU Optronics by 23.4% in the second quarter. Cornerstone Advisors Inc. now owns 30,352 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 5,746 shares during the last quarter. Finally, Corient Capital Partners LLC bought a new stake in shares of AU Optronics in the first quarter worth about $104,000. Institutional investors and hedge funds own 6.86% 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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