AU Optronics (NYSE:AUO) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of AU Optronics (NYSE:AUO) from a hold rating to a sell rating in a research report report published on Tuesday, 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 raised AU Optronics from a reduce rating to a hold rating in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock has an average rating of Sell and an average price target of $3.25.



AUO stock opened at $2.67 on Tuesday. AU Optronics has a twelve month low of $2.16 and a twelve month high of $4.35. The company has a market cap of $2.58 billion, a PE ratio of 7.85 and a beta of 0.73. The business’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $3.04. The company has a quick ratio of 1.29, a current ratio of 1.56 and a debt-to-equity ratio of 0.49.

AU Optronics (NYSE:AUO) last released its earnings results on Thursday, July 25th. The semiconductor company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that AU Optronics will post -0.37 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in AU Optronics during the second quarter valued at approximately $532,000. D. E. Shaw & Co. Inc. boosted its holdings in AU Optronics by 188.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 171,153 shares of the semiconductor company’s stock valued at $507,000 after purchasing an additional 111,851 shares in the last quarter. Morgan Stanley boosted its holdings in AU Optronics by 9.2% during the second quarter. Morgan Stanley now owns 1,201,545 shares of the semiconductor company’s stock valued at $3,557,000 after purchasing an additional 101,509 shares in the last quarter. Private Advisor Group LLC acquired a new stake in AU Optronics during the second quarter valued at approximately $31,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in AU Optronics by 19.6% during the second quarter. Parametric Portfolio Associates LLC now owns 4,663,433 shares of the semiconductor company’s stock valued at $13,804,000 after purchasing an additional 764,908 shares in the last quarter. 6.60% of the stock is currently owned by institutional investors.

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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