AU Optronics Corp. (AUO) Receives “Hold” Rating from Drexel Hamilton
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of AU Optronics Corp. from a hold rating to a buy rating and set a $4.25 target price for the company in a research report on Wednesday, July 20th. Bank of America Corp. upgraded shares of AU Optronics Corp. from a neutral rating to a buy rating in a research report on Tuesday, July 19th. Jefferies Group cut shares of AU Optronics Corp. from a buy rating to a hold rating in a report on Thursday, July 28th. Sanford C. Bernstein cut shares of AU Optronics Corp. from an outperform rating to a market perform rating and increased their price objective for the company from $3.81 to $4.00 in a report on Friday, September 9th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG upgraded shares of AU Optronics Corp. from a neutral rating to an outperform rating in a report on Wednesday, June 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $3.58.
Shares of AU Optronics Corp. (NYSE:AUO) traded down 2.86% on Thursday, reaching $3.74. The company’s stock had a trading volume of 212,270 shares. AU Optronics Corp. has a 1-year low of $2.32 and a 1-year high of $4.42. The stock has a 50-day moving average of $3.79 and a 200 day moving average of $3.32. The stock’s market capitalization is $3.60 billion.
AU Optronics Corp. (NYSE:AUO) last posted its earnings results on Wednesday, July 27th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.14. AU Optronics Corp. had a negative net margin of 3.35% and a negative return on equity of 5.49%. The firm earned $80.09 billion during the quarter, compared to analysts’ expectations of $77.62 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. AU Optronics Corp.’s quarterly revenue was down 13.2% on a year-over-year basis. On average, equities analysts forecast that AU Optronics Corp. will post $0.11 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC increased its position in AU Optronics Corp. by 9.4% in the first quarter. Aperio Group LLC now owns 615,400 shares of the company’s stock worth $1,815,000 after buying an additional 52,949 shares in the last quarter. BlackRock Inc. increased its position in AU Optronics Corp. by 3.4% in the first quarter. BlackRock Inc. now owns 398,909 shares of the company’s stock worth $1,177,000 after buying an additional 13,218 shares in the last quarter. JPMorgan Chase & Co. increased its position in AU Optronics Corp. by 36,607.4% in the first quarter. JPMorgan Chase & Co. now owns 303,570 shares of the company’s stock worth $896,000 after buying an additional 302,743 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in AU Optronics Corp. during the first quarter worth $3,074,000. Finally, UBS Group AG increased its position in AU Optronics Corp. by 81.0% in the first quarter. UBS Group AG now owns 3,298,775 shares of the company’s stock worth $9,731,000 after buying an additional 1,476,050 shares in the last quarter. 6.58% of the stock is currently owned by institutional investors.
About AU Optronics Corp.
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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