AU Optronics Corp (AUO) Receives Average Rating of “Hold” from Analysts
Shares of AU Optronics Corp (NYSE:AUO) have received an average recommendation of “Hold” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company.
AUO has been the topic of several research analyst reports. CLSA initiated coverage on shares of AU Optronics Corp in a research report on Friday, May 19th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of AU Optronics Corp from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Wednesday, May 24th. BidaskClub upgraded shares of AU Optronics Corp from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Morgan Stanley cut shares of AU Optronics Corp from an “overweight” rating to an “equal weight” rating in a research report on Tuesday.
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AU Optronics Corp (AUO) traded down 0.26% during midday trading on Friday, hitting $3.82. The company had a trading volume of 751,226 shares. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 3.21 and a beta of 0.50. The company’s 50 day moving average is $4.02 and its 200 day moving average is $3.98. AU Optronics Corp has a 12-month low of $3.44 and a 12-month high of $4.95.
AU Optronics Corp (NYSE:AUO) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.34 earnings per share for the quarter, missing the 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 analysts’ expectations of $87.09 billion. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that AU Optronics Corp will post $1.13 EPS for the current fiscal year.
Several large investors have recently modified their holdings of AUO. Campbell & CO Investment Adviser LLC bought a new stake in shares of AU Optronics Corp during the first quarter worth about $130,000. Stevens Capital Management LP bought a new stake in shares of AU Optronics Corp during the first quarter worth about $194,000. Parametric Portfolio Associates LLC raised its stake in shares of AU Optronics Corp by 39.7% in the first quarter. Parametric Portfolio Associates LLC now owns 1,670,965 shares of the semiconductor company’s stock worth $6,383,000 after buying an additional 475,129 shares during the period. Karp Capital Management Corp bought a new stake in shares of AU Optronics Corp during the first quarter worth about $8,393,000. Finally, World Asset Management Inc raised its stake 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 period. 8.00% of the stock is owned by institutional investors.
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.
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