AU Optronics (NYSE:AUO) Upgraded by HSBC to “Hold”

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HSBC upgraded shares of AU Optronics (NYSE:AUO) from a reduce rating to a hold rating in a research note issued to investors on Wednesday morning, Briefing.com Automated Import reports.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Credit Suisse Group set a $15.00 price target on shares of C&J Energy Services and gave the company a hold rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $3.25.

Shares of AU Optronics stock traded down $0.12 on Wednesday, hitting $2.84. 733,700 shares of the company’s stock traded hands, compared to its average volume of 871,833. The firm has a 50-day moving average price of $2.90. The company has a market cap of $2.84 billion, a PE ratio of 8.35 and a beta of 0.76. AU Optronics has a one year low of $2.77 and a one year high of $4.49. The company has a quick ratio of 1.05, a current ratio of 1.30 and a debt-to-equity ratio of 0.34.

AU Optronics (NYSE:AUO) last issued its earnings results on Thursday, April 25th. The semiconductor company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. The company had revenue of $66.71 billion during the quarter, compared to analysts’ expectations of $68.07 billion. AU Optronics had a net margin of 0.73% and a return on equity of 1.03%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Research analysts expect that AU Optronics will post -0.43 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew its holdings in shares of AU Optronics by 49.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 200,377 shares of the semiconductor company’s stock valued at $789,000 after buying an additional 66,100 shares during the period. PNC Financial Services Group Inc. boosted its stake in AU Optronics by 8.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 35,044 shares of the semiconductor company’s stock worth $138,000 after purchasing an additional 2,829 shares during the period. Gotham Asset Management LLC boosted its stake in AU Optronics by 10.3% in the 4th quarter. Gotham Asset Management LLC now owns 143,944 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 13,500 shares during the period. Camelot Portfolios LLC acquired a new position in AU Optronics in the 1st quarter worth $50,000. Finally, Private Advisor Group LLC acquired a new position in AU Optronics in the 4th quarter worth $45,000. 6.91% of the stock is owned by institutional investors.

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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