AU Optronics Corp (NYSE:AUO) Receives Consensus Rating of “Hold” from Brokerages

Shares of AU Optronics Corp (NYSE:AUO) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of AU Optronics from a “strong-buy” rating to a “hold” rating in a report on Monday, April 29th. Credit Suisse Group upgraded shares of AU Optronics from an “underperform” rating to a “neutral” rating in a report on Thursday, March 21st.

AUO traded down $0.06 during midday trading on Friday, reaching $2.91. The company’s stock had a trading volume of 4,280 shares, compared to its average volume of 911,551. The stock has a market cap of $2.76 billion, a PE ratio of 8.59 and a beta of 0.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.05 and a current ratio of 1.30. AU Optronics has a 1 year low of $2.77 and a 1 year high of $4.79.

AU Optronics (NYSE:AUO) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.04. The business had revenue of $66.71 billion for the quarter, compared to analysts’ expectations of $68.07 billion. AU Optronics had a net margin of 0.73% and a return on equity of 1.03%. The business’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities research analysts predict that AU Optronics will post -0.16 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of AU Optronics in the 3rd quarter worth approximately $1,694,000. Morgan Stanley raised its holdings in shares of AU Optronics by 54.9% in the 3rd quarter. Morgan Stanley now owns 1,085,944 shares of the semiconductor company’s stock worth $4,572,000 after purchasing an additional 385,046 shares during the period. Wedbush Securities Inc. raised its holdings in shares of AU Optronics by 5.3% in the 4th quarter. Wedbush Securities Inc. now owns 88,059 shares of the semiconductor company’s stock worth $347,000 after purchasing an additional 4,435 shares during the period. First Trust Advisors LP raised its holdings in shares of AU Optronics by 14.5% in the 4th quarter. First Trust Advisors LP now owns 30,022 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 3,792 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of AU Optronics by 12.0% in the 4th quarter. Acadian Asset Management LLC now owns 5,477,035 shares of the semiconductor company’s stock worth $21,578,000 after purchasing an additional 586,791 shares during the period. Institutional investors and hedge funds own 6.91% of the company’s stock.

AU Optronics Company Profile

AU Optronics Corp. researches, develops, produces, and sells thin film transistor liquid crystal displays and other flat panel displays. The company operates through two segments, Display and Solar. The Display segment designs, develops, manufactures, assembles, and markets flat panel displays for use in televisions (TVs), TV sets, and other related products; desktop monitors; mobile PCs, such as notebooks and tablets; mobile phones; and commercial and other applications, including displays for automobiles, industrial PCs, automated teller machines, point of sale terminals, pachinko machines, medical equipment, and others.

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