AU Optronics Corp (AUO) Given Consensus Rating of “Hold” by Brokerages
Shares of AU Optronics Corp (NYSE:AUO) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company.
A number of research firms have recently commented on AUO. Zacks Investment Research cut AU Optronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 29th. Credit Suisse Group upgraded AU Optronics from an “underperform” rating to a “neutral” rating in a research report on Thursday, March 21st.
AU Optronics stock opened at $3.20 on Monday. The company has a market capitalization of $3.08 billion, a PE ratio of 9.41 and a beta of 0.68. AU Optronics has a 12 month low of $3.16 and a 12 month high of $4.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.05.
Large investors have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new stake in shares of AU Optronics in the first quarter worth approximately $25,000. Private Advisor Group LLC acquired a new stake in shares of AU Optronics in the fourth quarter worth approximately $45,000. Camelot Portfolios LLC acquired a new stake in shares of AU Optronics in the first quarter worth approximately $50,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of AU Optronics in the fourth quarter worth approximately $73,000. Finally, Millennium Management LLC boosted its stake in shares of AU Optronics by 38.1% in the fourth quarter. Millennium Management LLC now owns 20,088 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 5,538 shares during the last quarter. 6.88% of the stock is currently owned by hedge funds and other institutional investors.
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 (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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