AU Optronics Corp (NYSE:AUO) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Tuesday, Marketbeat Ratings reports.

Other equities research analysts also recently issued research reports about the company. CLSA started coverage on AU Optronics Corp in a report on Friday, May 19th. They set a “buy” rating for the company. Zacks Investment Research raised AU Optronics Corp from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a report on Wednesday, May 24th. Finally, BidaskClub raised AU Optronics Corp from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $4.38.

Shares of AU Optronics Corp (AUO) traded down 0.52% during midday trading on Tuesday, reaching $3.86. 3,138,197 shares of the company’s stock traded hands. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 3.24 and a beta of 0.50. AU Optronics Corp has a 52-week low of $3.44 and a 52-week high of $4.95. The stock has a 50 day moving average of $4.11 and a 200-day moving average of $3.99.

AU Optronics Corp (NYSE:AUO) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. The firm had revenue of $84.41 billion for the quarter, compared to analyst estimates of $87.09 billion. During the same period in the prior year, the business posted ($0.06) EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that AU Optronics Corp will post $1.13 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. World Asset Management Inc boosted its position in shares of AU Optronics Corp by 0.5% in the first quarter. World Asset Management Inc now owns 59,701 shares of the semiconductor company’s stock worth $228,000 after buying an additional 273 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of AU Optronics Corp by 0.4% in the first quarter. Wells Fargo & Company MN now owns 126,756 shares of the semiconductor company’s stock worth $484,000 after buying an additional 504 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of AU Optronics Corp by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 63,658 shares of the semiconductor company’s stock worth $244,000 after buying an additional 657 shares during the last quarter. Comerica Bank boosted its position in shares of AU Optronics Corp by 1.3% in the first quarter. Comerica Bank now owns 55,182 shares of the semiconductor company’s stock worth $221,000 after buying an additional 716 shares during the last quarter. Finally, Renaissance Group LLC boosted its position in shares of AU Optronics Corp by 1.0% in the first quarter. Renaissance Group LLC now owns 105,343 shares of the semiconductor company’s stock worth $402,000 after buying an additional 1,037 shares during the last quarter. Institutional investors own 8.00% of the company’s stock.

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.

Analyst Recommendations for AU Optronics Corp (NYSE:AUO)

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