Shares of AU Optronics Corp (NYSE:AUO) have earned an average rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company.
AUO has been the subject of a number of recent research reports. Zacks Investment Research raised AU Optronics from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Morgan Stanley raised AU Optronics from an “equal weight” rating to an “overweight” rating in a research report on Tuesday.
AU Optronics (NYSE AUO) traded up $0.03 during trading on Tuesday, reaching $4.69. The company’s stock had a trading volume of 2,740,000 shares, compared to its average volume of 591,976. AU Optronics has a 52 week low of $3.60 and a 52 week high of $4.95. The company has a quick ratio of 1.36, a current ratio of 1.57 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4,470.00, a PE ratio of 3.61 and a beta of 0.56.
Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in shares of AU Optronics during the 2nd quarter worth approximately $127,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of AU Optronics during the 2nd quarter worth approximately $163,000. Verition Fund Management LLC raised its stake in shares of AU Optronics by 102.3% during the 2nd quarter. Verition Fund Management LLC now owns 36,210 shares of the semiconductor company’s stock worth $165,000 after buying an additional 18,310 shares in the last quarter. Shelton Capital Management purchased a new position in shares of AU Optronics during the 2nd quarter worth approximately $205,000. Finally, First Trust Advisors LP raised its stake in shares of AU Optronics by 111.3% during the 3rd quarter. First Trust Advisors LP now owns 56,521 shares of the semiconductor company’s stock worth $228,000 after buying an additional 29,778 shares in the last quarter. 6.67% of the stock is owned by institutional investors and hedge funds.
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AU Optronics 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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