AU Optronics Corp (AUO) Receives Average Rating of “Hold” from Brokerages

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.

AU Optronics (NYSE:AUO) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.63. AU Optronics had a return on equity of 18.55% and a net margin of 10.56%. The company had revenue of $87.40 billion during the quarter, compared to analysts’ expectations of $85.19 billion. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. equities analysts predict that AU Optronics will post 1.12 EPS for the current year.

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.

Analyst Recommendations for AU Optronics (NYSE:AUO)

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