AU Optronics (NYSE:AUO) Stock Rating Upgraded by HSBC

Share on StockTwits

HSBC upgraded shares of AU Optronics (NYSE:AUO) from a reduce rating to a hold rating in a report published on Wednesday, Briefing.com Automated Import reports.

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

Shares of AUO opened at $2.82 on Wednesday. The company has a market capitalization of $2.71 billion, a P/E ratio of 35.25 and a beta of 0.76. The company has a quick ratio of 1.05, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average price is $2.90. AU Optronics has a twelve month low of $2.77 and a twelve month high of $4.49.

AU Optronics (NYSE:AUO) last announced its quarterly earnings results on Thursday, April 25th. The semiconductor company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. AU Optronics had a net margin of 0.73% and a return on equity of 1.03%. The company had revenue of $66.71 billion during the quarter, compared to the consensus estimate of $68.07 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. As a group, equities analysts predict that AU Optronics will post -0.16 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of AU Optronics by 21.1% during the 4th quarter. BlackRock Inc. now owns 487,320 shares of the semiconductor company’s stock worth $1,920,000 after acquiring an additional 85,052 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of AU Optronics by 21.9% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 469,740 shares of the semiconductor company’s stock worth $1,710,000 after acquiring an additional 84,541 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of AU Optronics by 49.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 200,377 shares of the semiconductor company’s stock worth $789,000 after acquiring an additional 66,100 shares during the last quarter. Renaissance Group LLC boosted its stake in shares of AU Optronics by 1.9% during the 1st 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 during the last quarter. Finally, Diversified Trust Co boosted its stake in shares of AU Optronics by 76.4% during the 2nd quarter. Diversified Trust Co now owns 166,939 shares of the semiconductor company’s stock worth $494,000 after acquiring an additional 72,328 shares during the last quarter. Institutional investors and hedge funds 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.

Featured Story: How is the Producer Price Index calculated?

Receive News & Ratings for AU Optronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AU Optronics and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

CLEAR CHANNEL O/SH  Cut to Peer Perform at Wolfe Research
CLEAR CHANNEL O/SH Cut to Peer Perform at Wolfe Research
Citigroup Lowers Chemours  to Neutral
Citigroup Lowers Chemours to Neutral
ValuEngine Lowers Boyd Gaming  to Sell
ValuEngine Lowers Boyd Gaming to Sell
Carnival  Rating Lowered to Strong Sell at ValuEngine
Carnival Rating Lowered to Strong Sell at ValuEngine
CBRE Group  Research Coverage Started at Compass Point
CBRE Group Research Coverage Started at Compass Point
British American Tobacco  Cut to “Neutral” at Piper Jaffray Companies
British American Tobacco Cut to “Neutral” at Piper Jaffray Companies


© 2006-2019 Ticker Report