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

Shares of AU Optronics (NYSE:AUO) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company.

AUO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded AU Optronics from a “sell” rating to a “hold” rating in a report on Monday, February 26th. CLSA upgraded AU Optronics from an “underperform” rating to an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley upgraded AU Optronics from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 23rd. Finally, Credit Suisse Group downgraded AU Optronics from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 30th.

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Shares of AUO traded down $0.10 during trading on Friday, reaching $4.45. The company’s stock had a trading volume of 676,735 shares, compared to its average volume of 1,035,165. AU Optronics has a twelve month low of $3.62 and a twelve month high of $5.35. The firm has a market cap of $4,340.54, a price-to-earnings ratio of 3.94 and a beta of 0.82. The company has a quick ratio of 1.41, a current ratio of 1.63 and a debt-to-equity ratio of 0.48.

AU Optronics (NYSE:AUO) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. AU Optronics had a return on equity of 15.28% and a net margin of 9.47%. The company had revenue of $80.66 billion for the quarter, compared to analyst estimates of $80.65 billion. During the same period in the prior year, the company posted $0.93 EPS. AU Optronics’s quarterly revenue was down 12.2% on a year-over-year basis. equities analysts expect that AU Optronics will post 0.09 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gotham Asset Management LLC increased its holdings in shares of AU Optronics by 266.2% in the 4th quarter. Gotham Asset Management LLC now owns 140,046 shares of the semiconductor company’s stock valued at $583,000 after acquiring an additional 101,799 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in AU Optronics by 15.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 116,566 shares of the semiconductor company’s stock worth $485,000 after buying an additional 15,445 shares during the last quarter. Guggenheim Capital LLC grew its stake in AU Optronics by 55.8% during the 4th quarter. Guggenheim Capital LLC now owns 299,694 shares of the semiconductor company’s stock worth $1,247,000 after buying an additional 107,370 shares during the last quarter. Renaissance Technologies LLC grew its stake in AU Optronics by 3.5% during the 4th quarter. Renaissance Technologies LLC now owns 10,543,384 shares of the semiconductor company’s stock worth $43,860,000 after buying an additional 356,600 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in AU Optronics during the 4th quarter worth $347,000. Institutional investors and hedge funds own 6.24% of the company’s stock.

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About AU Optronics

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, 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, and others.

Analyst Recommendations for AU Optronics (NYSE:AUO)

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