AU Optronics Corp (AUO) Upgraded at ValuEngine
ValuEngine upgraded shares of AU Optronics Corp (NYSE:AUO) from a hold rating to a buy rating in a research report report published on Friday.
AUO has been the topic of several other reports. BidaskClub lowered shares of AU Optronics Corp from a hold rating to a sell rating in a report on Thursday, July 27th. Zacks Investment Research lowered shares of AU Optronics Corp from a buy rating to a hold rating in a report on Tuesday, May 30th. UBS AG lowered shares of AU Optronics Corp from a buy rating to a neutral rating in a report on Thursday, July 6th. Finally, Credit Suisse Group reaffirmed a neutral rating on shares of AU Optronics Corp in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $4.75.
AU Optronics Corp (NYSE:AUO) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $84.41 billion for the quarter, compared to the consensus estimate of $87.09 billion. AU Optronics Corp had a net margin of 9.48% and a return on equity of 17.46%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share.
A number of large investors have recently bought and sold shares of the stock. Verition Fund Management LLC boosted its position in AU Optronics Corp by 102.3% during the 2nd quarter. Verition Fund Management LLC now owns 36,210 shares of the semiconductor company’s stock worth $165,000 after buying an additional 18,310 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in AU Optronics Corp during the 2nd quarter worth approximately $163,000. Tower Research Capital LLC TRC acquired a new stake in AU Optronics Corp during the 2nd quarter worth approximately $127,000. State Street Corp boosted its position in AU Optronics Corp by 13.4% during the 2nd quarter. State Street Corp now owns 1,028,160 shares of the semiconductor company’s stock worth $4,689,000 after buying an additional 121,188 shares during the period. Finally, Shelton Capital Management acquired a new stake in AU Optronics Corp during the 2nd quarter worth approximately $205,000. Institutional investors and hedge funds own 7.44% 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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