AU Optronics Corp (AUO) Downgraded to “Sell” at BidaskClub
BidaskClub lowered shares of AU Optronics Corp (NYSE:AUO) from a hold rating to a sell rating in a research report released on Thursday.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of AU Optronics Corp from a hold rating to a buy rating and set a $4.75 price target for the company in a report on Thursday, June 22nd. CLSA initiated coverage on shares of AU Optronics Corp in a report on Friday, May 19th. They set a buy rating for the company. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. AU Optronics Corp presently has a consensus rating of Hold and a consensus price target of $4.38.
Shares of AU Optronics Corp (AUO) opened at 3.92 on Thursday. The stock’s 50 day moving average is $4.16 and its 200 day moving average is $4.00. AU Optronics Corp has a 52-week low of $3.44 and a 52-week high of $4.95. The firm has a market capitalization of $3.77 billion, a PE ratio of 3.29 and a beta of 0.51.
AU Optronics Corp (NYSE:AUO) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. AU Optronics Corp had a net margin of 9.48% and a return on equity of 17.46%. The firm had revenue of $84.41 billion for the quarter, compared to the consensus estimate of $87.09 billion. During the same quarter in the prior year, the company earned ($0.06) earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that AU Optronics Corp will post $1.16 EPS for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new stake in AU Optronics Corp during the first quarter worth about $130,000. Diversified Trust Co acquired a new stake in AU Optronics Corp during the second quarter worth about $130,000. US Bancorp DE raised its stake in AU Optronics Corp by 64.9% in the second quarter. US Bancorp DE now owns 28,514 shares of the semiconductor company’s stock worth $130,000 after buying an additional 11,223 shares during the last quarter. AXA acquired a new stake in AU Optronics Corp during the first quarter worth about $142,000. Finally, Conning Inc. acquired a new stake in AU Optronics Corp during the first quarter worth about $146,000. 8.34% of the stock is currently owned by institutional investors and hedge funds.
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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