Zacks Investment Research Upgrades AU Optronics Corp (AUO) to “Buy”
AU Optronics Corp (NYSE:AUO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $4.50 price target on the semiconductor company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.11% from the company’s current price.
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. “
A number of other equities research analysts have also recently issued reports on the company. BidaskClub upgraded AU Optronics Corp from a “sell” rating to a “hold” rating in a report on Friday, June 9th. CLSA assumed coverage on AU Optronics Corp in a report on Friday, May 19th. They set a “buy” rating for the company. TheStreet upgraded AU Optronics Corp from a “d+” rating to a “c+” rating in a report on Thursday, March 2nd. Finally, Sanford C. Bernstein cut AU Optronics Corp from a “market perform” rating to an “underperform” rating in a report on Friday, March 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. AU Optronics Corp has an average rating of “Hold” and a consensus price target of $4.25.
Shares of AU Optronics Corp (NYSE AUO) opened at 4.05 on Thursday. AU Optronics Corp has a 12 month low of $2.80 and a 12 month high of $4.42. The company has a market cap of $3.90 billion, a P/E ratio of 4.76 and a beta of 0.53. The firm has a 50 day moving average price of $3.91 and a 200-day moving average price of $3.89.
AU Optronics Corp (NYSE:AUO) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by $0.49. AU Optronics Corp had a return on equity of 11.96% and a net margin of 6.63%. The firm had revenue of $88.56 billion for the quarter, compared to the consensus estimate of $88.56 billion. During the same quarter in the prior year, the firm earned ($0.57) EPS. The company’s revenue was up 24.5% on a year-over-year basis. Analysts anticipate that AU Optronics Corp will post $1.06 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC bought a new stake in shares of AU Optronics Corp during the first quarter valued at about $130,000. AXA bought a new stake in shares of AU Optronics Corp during the first quarter valued at about $142,000. Conning Inc. bought a new stake in shares of AU Optronics Corp during the first quarter valued at about $146,000. United Capital Financial Advisers LLC boosted its stake in shares of AU Optronics Corp by 25.5% in the fourth quarter. United Capital Financial Advisers LLC now owns 40,077 shares of the semiconductor company’s stock valued at $142,000 after buying an additional 8,151 shares during the period. Finally, Stevens Capital Management LP bought a new stake in shares of AU Optronics Corp during the first quarter valued at about $194,000. Institutional investors and hedge funds own 8.19% of the company’s stock.
AU Optronics Corp 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.
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