AU Optronics Corp (AUO) Given Average Recommendation of “Hold” by Analysts

AU Optronics Corp (NYSE:AUO) has been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company.

Several equities research analysts have weighed in on the stock. ValuEngine downgraded shares of AU Optronics from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. CLSA downgraded shares of AU Optronics from an “outperform” rating to a “sell” rating in a research note on Wednesday, October 31st.

Shares of AU Optronics stock opened at $4.11 on Tuesday. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 3.64 and a beta of 1.03. The company has a current ratio of 1.18, a quick ratio of 0.96 and a debt-to-equity ratio of 0.29. AU Optronics has a fifty-two week low of $3.67 and a fifty-two week high of $5.35.

AU Optronics (NYSE:AUO) last released its earnings results on Wednesday, October 31st. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter. AU Optronics had a net margin of 4.54% and a return on equity of 6.48%. The business had revenue of $2.64 billion for the quarter. Equities analysts anticipate that AU Optronics will post 0.4 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of AUO. Renaissance Technologies LLC grew its position in AU Optronics by 5.7% in the 3rd quarter. Renaissance Technologies LLC now owns 12,254,396 shares of the semiconductor company’s stock worth $51,591,000 after purchasing an additional 665,996 shares in the last quarter. Schroder Investment Management Group grew its position in AU Optronics by 274.8% in the 2nd quarter. Schroder Investment Management Group now owns 694,287 shares of the semiconductor company’s stock worth $2,923,000 after purchasing an additional 509,044 shares in the last quarter. Aperio Group LLC grew its position in AU Optronics by 10.5% in the 3rd quarter. Aperio Group LLC now owns 4,689,446 shares of the semiconductor company’s stock worth $19,743,000 after purchasing an additional 446,296 shares in the last quarter. BlackRock Inc. bought a new stake in AU Optronics in the 3rd quarter worth about $1,694,000. Finally, Morgan Stanley grew its position in 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 in the last quarter.

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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