AU Optronics (NYSE:AUO) Raised to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of AU Optronics (NYSE:AUO) from an equal weight rating to an overweight rating in a research report report published on Sunday, The Fly reports.

Separately, Zacks Investment Research downgraded AU Optronics from a hold rating to a sell rating in a research note on Tuesday, October 1st.

Shares of AUO stock opened at $2.68 on Friday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 7.88 and a beta of 0.73. AU Optronics has a 1-year low of $2.16 and a 1-year high of $4.29. The company has a current ratio of 1.56, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $2.49 and its 200-day simple moving average is $2.63.

A number of institutional investors have recently added to or reduced their stakes in AUO. Renaissance Technologies LLC raised its stake in shares of AU Optronics by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 15,216,596 shares of the semiconductor company’s stock worth $45,041,000 after purchasing an additional 1,230,300 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of AU Optronics by 19.6% during the 2nd 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. State of New Jersey Common Pension Fund D raised its holdings in shares of AU Optronics by 91.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 900,526 shares of the semiconductor company’s stock valued at $2,215,000 after purchasing an additional 430,786 shares in the last quarter. Jane Street Group LLC bought a new position in shares of AU Optronics during the 2nd quarter valued at $532,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of AU Optronics by 188.6% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 6.60% 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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