AU Optronics Corp (AUO) Given Average Recommendation of “Hold” by Analysts
AU Optronics Corp (NYSE:AUO) has been given an average rating of “Hold” by the twelve brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company.
Several analysts have commented on the stock. Morgan Stanley downgraded shares of AU Optronics Corp from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 15th. Zacks Investment Research downgraded shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub downgraded shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Bank of America Corporation downgraded shares of AU Optronics Corp from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. Finally, Drexel Hamilton restated a “hold” rating on shares of AU Optronics Corp in a report on Tuesday, August 8th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of AU Optronics Corp in the second quarter valued at approximately $127,000. US Bancorp DE raised its holdings in shares of AU Optronics Corp by 64.9% in the second quarter. US Bancorp DE now owns 28,514 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 11,223 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of AU Optronics Corp in the second quarter valued at approximately $130,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of AU Optronics Corp in the first quarter valued at approximately $130,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of AU Optronics Corp in the second quarter valued at approximately $163,000. Institutional investors own 7.45% of the company’s stock.
Shares of AU Optronics Corp (NYSE AUO) traded up 0.97% on Wednesday, reaching $4.15. 1,118,562 shares of the company were exchanged. AU Optronics Corp has a 12 month low of $3.44 and a 12 month high of $4.95. The stock has a market capitalization of $3.99 billion, a P/E ratio of 3.52 and a beta of 0.50. The stock has a 50 day moving average price of $3.97 and a 200-day moving average price of $3.99.
AU Optronics Corp (NYSE:AUO) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $84.41 billion for the quarter, compared to analyst estimates of $87.09 billion. AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) earnings per share. On average, equities analysts expect that AU Optronics Corp will post $1.13 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/09/16/au-optronics-corp-auo-given-average-recommendation-of-hold-by-analysts.html.
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.
Receive News & Ratings for AU Optronics Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AU Optronics Corp and related companies with MarketBeat.com's FREE daily email newsletter.