AU Optronics (AUO) Rating Lowered to Sell at Zacks Investment Research

AU Optronics (NYSE:AUO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “Au Optronics is a world-leading manufacturer of large-size thin film transistor liquid crystal display panels, which are currently the most widely used flat panel display technology. They are used in notebook computers, desktop monitors, televisions, digital cameras, DVD players, PDAs, mobile phones, portable games, and car navigation systems, among other applications. “

Other analysts have also recently issued research reports about the stock. Credit Suisse Group cut shares of AU Optronics from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 30th. CLSA raised shares of AU Optronics from an “underperform” rating to an “outperform” rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley raised shares of AU Optronics from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 23rd. Six analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. AU Optronics currently has an average rating of “Hold”.

AU Optronics (NYSE:AUO) traded down $0.03 during midday trading on Thursday, hitting $4.53. 1,331,985 shares of the company’s stock were exchanged, compared to its average volume of 1,205,496. The company has a market capitalization of $4,400.00, a PE ratio of 3.51 and a beta of 0.81. AU Optronics has a 12-month low of $3.60 and a 12-month high of $5.35. The company has a current ratio of 1.57, a quick ratio of 1.36 and a debt-to-equity ratio of 0.46.

AU Optronics (NYSE:AUO) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $80.66 billion for the quarter, compared to analysts’ expectations of $80.65 billion. AU Optronics had a net margin of 10.56% and a return on equity of 18.55%. The company’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. analysts expect that AU Optronics will post 1.11 EPS for the current year.

Several institutional investors have recently modified their holdings of AUO. Schwab Charles Investment Management Inc. grew its stake in shares of AU Optronics by 20.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 844,009 shares of the semiconductor company’s stock worth $3,849,000 after purchasing an additional 142,600 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of AU Optronics by 0.9% in the second quarter. Wells Fargo & Company MN now owns 127,957 shares of the semiconductor company’s stock worth $583,000 after purchasing an additional 1,201 shares during the last quarter. Northern Trust Corp grew its stake in shares of AU Optronics by 7.2% in the second quarter. Northern Trust Corp now owns 1,243,125 shares of the semiconductor company’s stock worth $5,668,000 after purchasing an additional 83,552 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of AU Optronics by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 1,679,460 shares of the semiconductor company’s stock worth $7,658,000 after purchasing an additional 8,495 shares during the last quarter. Finally, Numeric Investors LLC bought a new stake in shares of AU Optronics in the second quarter worth $724,000. 6.65% of the stock is currently owned by institutional investors.

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About AU Optronics

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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