AU Optronics Corp (AUO) Stock Rating Reaffirmed by Credit Suisse Group
AU Optronics Corp (NYSE:AUO)‘s stock had its “neutral” rating reiterated by research analysts at Credit Suisse Group in a report issued on Wednesday.
A number of other research analysts have also weighed in on the company. BidaskClub lowered AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. UBS AG lowered AU Optronics Corp from a “buy” rating to a “neutral” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research lowered AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. AU Optronics Corp has a consensus rating of “Hold” and a consensus price target of $4.38.
AU Optronics Corp (NYSE:AUO) opened at 4.15 on Wednesday. The stock’s 50 day moving average price is $4.01 and its 200-day moving average price is $3.94. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 4.94 and a beta of 0.52. AU Optronics Corp has a 12 month low of $3.36 and a 12 month high of $4.95.
AU Optronics Corp (NYSE:AUO) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $88.56 billion for the quarter, compared to analyst estimates of $88.56 billion. During the same period in the prior year, the company earned ($0.57) EPS. The company’s revenue was up 24.5% on a year-over-year basis. Equities research analysts predict that AU Optronics Corp will post $1.06 EPS for the current year.
A number of hedge funds have recently bought and sold shares of AUO. Morgan Stanley increased its stake in AU Optronics Corp by 690.1% in the first quarter. Morgan Stanley now owns 2,586,406 shares of the semiconductor company’s stock worth $9,880,000 after buying an additional 2,259,044 shares during the last quarter. Karp Capital Management Corp purchased a new stake in AU Optronics Corp during the first quarter worth approximately $8,393,000. Renaissance Technologies LLC increased its stake in AU Optronics Corp by 27.5% in the first quarter. Renaissance Technologies LLC now owns 8,510,684 shares of the semiconductor company’s stock worth $32,511,000 after buying an additional 1,835,184 shares during the last quarter. Vanguard Group Inc. increased its stake in AU Optronics Corp by 11.3% in the first quarter. Vanguard Group Inc. now owns 11,704,659 shares of the semiconductor company’s stock worth $44,712,000 after buying an additional 1,192,399 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in AU Optronics Corp by 776.6% in the first quarter. JPMorgan Chase & Co. now owns 1,217,513 shares of the semiconductor company’s stock worth $4,651,000 after buying an additional 1,078,617 shares during the last quarter. Institutional investors own 8.17% of the company’s stock.
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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