Bank of America Corporation cut shares of AU Optronics Corp (NYSE:AUO) from a neutral rating to an underperform rating in a research report released on Thursday, Marketbeat reports.

Several other equities analysts have also issued reports on the company. Zacks Investment Research raised AU Optronics Corp from a hold rating to a buy rating and set a $4.75 target price on the stock in a research note on Thursday, June 22nd. CLSA started coverage on AU Optronics Corp in a research report on Friday, May 19th. They issued a buy rating on the stock. BidaskClub raised AU Optronics Corp from a hold rating to a buy rating in a research report on Thursday, June 29th. Finally, UBS AG lowered AU Optronics Corp from a buy rating to a neutral rating in a research report on Thursday, July 6th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $4.38.

Shares of AU Optronics Corp (NYSE AUO) opened at 3.92 on Thursday. The company has a market capitalization of $3.77 billion, a P/E ratio of 3.29 and a beta of 0.51. AU Optronics Corp has a 12-month low of $3.44 and a 12-month high of $4.95. The company has a 50 day moving average price of $4.16 and a 200 day moving average price of $4.00.

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. AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. The firm had revenue of $84.41 billion for the quarter, compared to analyst estimates of $87.09 billion. During the same period in the previous year, the company posted ($0.06) EPS. AU Optronics Corp’s revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that AU Optronics Corp will post $1.16 EPS for the current year.

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A number of large investors have recently bought and sold shares of AUO. Morgan Stanley raised 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 in the last quarter. Karp Capital Management Corp bought a new stake in AU Optronics Corp during the first quarter worth about $8,393,000. Renaissance Technologies LLC raised 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 in the last quarter. Vanguard Group Inc. raised 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 in the last quarter. Finally, JPMorgan Chase & Co. raised 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 in the last quarter. 8.34% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for AU Optronics Corp (NYSE:AUO)

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