Shares of AU Optronics Corp (NYSE:AUO) have received an average recommendation of “Hold” from the nine research firms that are currently covering the company. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $4.75.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Tuesday, December 27th. JPMorgan Chase & Co. cut shares of AU Optronics Corp from a “neutral” rating to an “underweight” rating in a report on Monday, February 13th. TheStreet upgraded shares of AU Optronics Corp from a “d+” rating to a “c+” rating in a report on Thursday, March 2nd. Finally, Sanford C. Bernstein cut shares of AU Optronics Corp from a “market perform” rating to an “underperform” rating in a report on Friday, March 3rd.
Shares of AU Optronics Corp (NYSE:AUO) traded down 0.74% on Monday, reaching $4.05. 668,548 shares of the company’s stock traded hands. The firm has a market cap of $3.90 billion, a P/E ratio of 12.27 and a beta of 0.62. The company’s 50-day moving average price is $3.91 and its 200 day moving average price is $3.83. AU Optronics Corp has a one year low of $2.47 and a one year high of $4.42.
AU Optronics Corp (NYSE:AUO) last posted its quarterly earnings results on Tuesday, February 14th. The semiconductor company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.05. The firm had revenue of $91.85 billion for the quarter, compared to analysts’ expectations of $2.84 billion. AU Optronics Corp had a negative net margin of 2.81% and a negative return on equity of 4.70%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.85) earnings per share. On average, equities analysts forecast that AU Optronics Corp will post $1.03 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in shares of AU Optronics Corp by 0.3% in the second quarter. Royal Bank of Canada now owns 39,284 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 132 shares during the last quarter. United Capital Financial Advisers LLC raised its position in shares of AU Optronics Corp by 25.5% in the fourth quarter. United Capital Financial Advisers LLC now owns 40,077 shares of the semiconductor company’s stock valued at $142,000 after buying an additional 8,151 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of AU Optronics Corp during the third quarter valued at approximately $145,000. Yorktown Management & Research Co Inc bought a new position in shares of AU Optronics Corp during the third quarter valued at approximately $208,000. Finally, Comerica Bank raised its position in AU Optronics Corp by 12.9% in the fourth quarter. Comerica Bank now owns 54,466 shares of the semiconductor company’s stock worth $219,000 after buying an additional 6,235 shares in the last quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.
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.
What are top analysts saying about AU Optronics Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AU Optronics Corp and related companies.