AU Optronics Corp (AUO) Raised to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of AU Optronics Corp (NYSE:AUO) from a sell rating to a hold rating in a research report report published on Tuesday morning.
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. “
Several other equities analysts have also issued reports on the company. Morgan Stanley lowered AU Optronics Corp from an overweight rating to an equal weight rating in a research report on Tuesday, August 15th. Drexel Hamilton restated a hold rating on shares of AU Optronics Corp in a research report on Tuesday, August 8th. BidaskClub lowered AU Optronics Corp from a hold rating to a sell rating in a research report on Thursday, July 27th. Bank of America Corporation lowered AU Optronics Corp from a neutral rating to an underperform rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group restated a neutral rating on shares of AU Optronics Corp in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. AU Optronics Corp presently has a consensus rating of Hold and an average target price of $4.38.
AU Optronics Corp (AUO) opened at 4.04 on Tuesday. AU Optronics Corp has a one year low of $3.44 and a one year high of $4.95. The firm has a market capitalization of $3.89 billion, a PE ratio of 3.42 and a beta of 0.50. The firm has a 50 day moving average of $3.96 and a 200 day moving average of $3.97.
AU Optronics Corp (NYSE:AUO) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The company had revenue of $84.41 billion for the quarter, compared to analyst estimates of $87.09 billion. AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. AU Optronics Corp’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. Equities analysts forecast that AU Optronics Corp will post $1.13 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new position in shares of AU Optronics Corp during the first quarter valued at about $130,000. Stevens Capital Management LP acquired a new position in shares of AU Optronics Corp during the first quarter valued at about $194,000. Parametric Portfolio Associates LLC raised its position in shares of AU Optronics Corp by 39.7% in the first quarter. Parametric Portfolio Associates LLC now owns 1,670,965 shares of the semiconductor company’s stock valued at $6,383,000 after buying an additional 475,129 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of AU Optronics Corp during the first quarter valued at about $8,393,000. Finally, World Asset Management Inc raised its position in shares of AU Optronics Corp by 0.5% in the first quarter. World Asset Management Inc now owns 59,701 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 7.45% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for AU Optronics Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AU Optronics Corp and related stocks with our FREE daily email newsletter.