Shares of AU Optronics Corp (NYSE:AUO) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company.
AUO has been the topic of several recent research reports. Credit Suisse Group downgraded AU Optronics from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded AU Optronics from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Morgan Stanley upgraded AU Optronics from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 23rd. Finally, CLSA upgraded AU Optronics from an “underperform” rating to an “outperform” rating in a research report on Wednesday, January 24th.
Several large investors have recently modified their holdings of AUO. Renaissance Technologies LLC lifted its position in shares of AU Optronics by 3.5% in the fourth quarter. Renaissance Technologies LLC now owns 10,543,384 shares of the semiconductor company’s stock valued at $43,860,000 after acquiring an additional 356,600 shares in the last quarter. Wells Fargo & Company MN lifted its position in AU Optronics by 228.1% during the fourth quarter. Wells Fargo & Company MN now owns 415,958 shares of the semiconductor company’s stock worth $1,730,000 after buying an additional 289,172 shares during the period. Teacher Retirement System of Texas purchased a new position in AU Optronics during the fourth quarter worth about $815,000. Schroder Investment Management Group purchased a new position in AU Optronics during the fourth quarter worth about $729,000. Finally, State Street Corp lifted its position in AU Optronics by 13.4% during the second quarter. State Street Corp now owns 1,028,160 shares of the semiconductor company’s stock worth $4,689,000 after buying an additional 121,188 shares during the period. Institutional investors and hedge funds own 6.24% of the company’s stock.
AU Optronics (NYSE:AUO) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. AU Optronics had a return on equity of 14.86% and a net margin of 9.47%. The business had revenue of $80.66 billion for the quarter, compared to the consensus estimate of $80.65 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The business’s revenue was down 12.2% on a year-over-year basis. equities research analysts forecast that AU Optronics will post 0.09 EPS for the current fiscal year.
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.
Receive News & Ratings for AU Optronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AU Optronics and related companies with MarketBeat.com's FREE daily email newsletter.