AU Optronics (AUO) Rating Lowered to Hold at Zacks Investment Research

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Zacks Investment Research cut shares of AU Optronics (NYSE:AUO) from a strong-buy rating to a hold rating in a research report report published on Monday, Zacks.com reports.

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. “

Separately, Credit Suisse Group raised shares of AU Optronics from an underperform rating to a neutral rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. AU Optronics presently has an average rating of Hold and an average target price of $4.25.

Shares of AUO opened at $3.47 on Monday. The company has a market capitalization of $3.39 billion, a P/E ratio of 10.21 and a beta of 0.68. The company has a current ratio of 1.30, a quick ratio of 1.05 and a debt-to-equity ratio of 0.34. AU Optronics has a 1-year low of $3.35 and a 1-year high of $4.79.

AU Optronics (NYSE:AUO) last announced its earnings results on Thursday, April 25th. The semiconductor company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $66.71 billion for the quarter, compared to the consensus estimate of $68.07 billion. AU Optronics had a net margin of 0.73% and a return on equity of 1.03%. AU Optronics’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. On average, analysts anticipate that AU Optronics will post -0.43 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in AU Optronics by 8.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 35,044 shares of the semiconductor company’s stock valued at $138,000 after purchasing an additional 2,829 shares in the last quarter. Renaissance Group LLC raised its stake in shares of AU Optronics by 1.9% during the first quarter. Renaissance Group LLC now owns 179,427 shares of the semiconductor company’s stock worth $653,000 after acquiring an additional 3,366 shares in the last quarter. First Trust Advisors LP raised its stake in shares of AU Optronics by 14.5% during the fourth quarter. First Trust Advisors LP now owns 30,022 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 3,792 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of AU Optronics by 5.3% during the fourth quarter. Wedbush Securities Inc. now owns 88,059 shares of the semiconductor company’s stock worth $347,000 after acquiring an additional 4,435 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of AU Optronics by 38.1% during 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 in the last quarter. 6.86% of the stock is currently owned by institutional investors and hedge funds.

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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