Zacks Investment Research downgraded shares of AU Optronics Corp (NYSE:AUO) from a hold rating to a sell rating in a research report report published on Friday 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. “

Other analysts have also recently issued reports about the stock. BidaskClub cut shares of AU Optronics Corp from a buy rating to a hold rating in a report on Saturday, July 8th. Bank of America Corporation cut shares of AU Optronics Corp from a neutral rating to an underperform rating in a report on Thursday, July 27th. Credit Suisse Group restated a neutral rating on shares of AU Optronics Corp in a report on Wednesday, July 12th. CLSA assumed coverage on shares of AU Optronics Corp in a research note on Friday, May 19th. They issued a buy rating for the company. Finally, UBS AG cut shares of AU Optronics Corp from a buy rating to a neutral rating in a research note on Thursday, July 6th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $4.38.

AU Optronics Corp (AUO) opened at 4.02 on Friday. The stock has a 50 day moving average of $4.16 and a 200 day moving average of $4.00. The company has a market cap of $3.87 billion, a P/E ratio of 3.38 and a beta of 0.51. AU Optronics Corp has a 52 week low of $3.44 and a 52 week high of $4.95.

AU Optronics Corp (NYSE:AUO) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $87.09 billion. During the same quarter in the prior year, the business posted ($0.06) earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts expect that AU Optronics Corp will post $1.16 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in AUO. Ronald Blue & Co. LLC boosted its stake in AU Optronics Corp by 35.4% in the second quarter. Ronald Blue & Co. LLC now owns 97,202 shares of the semiconductor company’s stock worth $443,000 after buying an additional 25,433 shares during the period. Acadian Asset Management LLC boosted its stake in AU Optronics Corp by 1.7% in the second quarter. Acadian Asset Management LLC now owns 5,772,066 shares of the semiconductor company’s stock worth $26,321,000 after buying an additional 98,606 shares during the period. Greenleaf Trust boosted its stake in AU Optronics Corp by 46.0% in the second quarter. Greenleaf Trust now owns 76,670 shares of the semiconductor company’s stock worth $350,000 after buying an additional 24,163 shares during the period. US Bancorp DE boosted 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 period. Finally, Aperio Group LLC boosted its stake in AU Optronics Corp by 38.0% in the second quarter. Aperio Group LLC now owns 3,031,778 shares of the semiconductor company’s stock worth $13,825,000 after buying an additional 834,713 shares during the period. Institutional investors own 8.34% 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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Analyst Recommendations for AU Optronics Corp (NYSE:AUO)

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