AU Optronics Corp (NYSE:AUO) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company.
A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded AU Optronics from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. CLSA upgraded AU Optronics from an “underperform” rating to an “outperform” rating in a report on Wednesday, January 24th. Credit Suisse Group downgraded AU Optronics from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 30th. Finally, Morgan Stanley upgraded AU Optronics from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 23rd.
Several hedge funds have recently bought and sold shares of AUO. Renaissance Technologies LLC grew its stake 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 buying an additional 356,600 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of AU Optronics by 228.1% in the fourth quarter. Wells Fargo & Company MN now owns 415,958 shares of the semiconductor company’s stock valued at $1,730,000 after buying an additional 289,172 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of AU Optronics in the fourth quarter valued at about $815,000. Schroder Investment Management Group acquired a new stake in shares of AU Optronics in the fourth quarter valued at about $729,000. Finally, State Street Corp grew its stake in shares of AU Optronics by 13.4% in the second quarter. State Street Corp now owns 1,028,160 shares of the semiconductor company’s stock valued at $4,689,000 after buying an additional 121,188 shares in the last quarter. Institutional investors and hedge funds own 6.24% of the company’s stock.
AU Optronics (AUO) opened at $4.66 on Wednesday. The company has a market capitalization of $4,436.78, a PE ratio of 4.20 and a beta of 0.84. The company has a quick ratio of 1.45, a current ratio of 1.68 and a debt-to-equity ratio of 0.45. AU Optronics has a twelve month low of $3.62 and a twelve month high of $5.35.
AU Optronics (NYSE:AUO) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $80.66 billion for the quarter, compared to the consensus estimate of $80.65 billion. AU Optronics had a return on equity of 14.86% and a net margin of 9.47%. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. equities research analysts anticipate that AU Optronics will post 0.09 earnings per share for the current year.
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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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