AU Optronics Corp (NYSE:AUO) Receives $3.25 Consensus Target Price from Analysts

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Shares of AU Optronics Corp (NYSE:AUO) have received an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $3.25.

A number of equities analysts have recently commented on AUO shares. HSBC upgraded AU Optronics from a “reduce” rating to a “hold” rating in a research note on Wednesday, July 10th. Credit Suisse Group set a $15.00 price target on C&J Energy Services and gave the company a “hold” rating in a research note on Thursday, March 21st. Finally, Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd.

Shares of AUO stock traded up $0.08 during mid-day trading on Wednesday, hitting $2.89. 868,100 shares of the stock traded hands, compared to its average volume of 863,708. AU Optronics has a twelve month low of $2.77 and a twelve month high of $4.49. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 8.50 and a beta of 0.76. The stock’s 50-day simple moving average is $2.90. 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 (NYSE:AUO) last issued its earnings results on Thursday, April 25th. The semiconductor company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. The business had revenue of $66.71 billion during the quarter, compared to analysts’ expectations of $68.07 billion. AU Optronics had a return on equity of 1.03% and a net margin of 0.73%. AU Optronics’s revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. Equities analysts forecast that AU Optronics will post -0.16 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new stake in AU Optronics during the fourth quarter valued at approximately $45,000. Camelot Portfolios LLC acquired a new stake in AU Optronics during the first quarter valued at approximately $50,000. Susquehanna Fundamental Investments LLC acquired a new stake in AU Optronics during the fourth quarter valued at approximately $73,000. Millennium Management LLC boosted its holdings in AU Optronics by 38.1% during the fourth quarter. Millennium Management LLC now owns 20,088 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 5,538 shares in the last quarter. Finally, Corient Capital Partners LLC acquired a new stake in AU Optronics during the first quarter valued at approximately $104,000. Hedge funds and other institutional investors own 6.91% of the company’s stock.

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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