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

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, Automated Import reports.

Several other research firms 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 company a hold rating in a report on Thursday, March 21st. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Two investment 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. AU Optronics presently has a consensus rating of Hold and an average target price of $3.25.

AU Optronics stock traded down $0.12 during trading hours on Wednesday, hitting $2.84. The company had a trading volume of 733,700 shares, compared to its average volume of 871,833. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.35 and a beta of 0.76. 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 one year low of $2.77 and a one year high of $4.49. The business’s 50-day moving average is $2.90.

AU Optronics (NYSE:AUO) last released 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. The firm had revenue of $66.71 billion for 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 was down 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Equities analysts expect that AU Optronics will post -0.43 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new position in AU Optronics in the 4th quarter valued at about $45,000. Camelot Portfolios LLC acquired a new position in shares of AU Optronics during the 1st quarter worth approximately $50,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of AU Optronics during the 4th quarter worth approximately $73,000. Millennium Management LLC grew its position in shares of AU Optronics by 38.1% during the 4th quarter. Millennium Management LLC now owns 20,088 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 5,538 shares in the last quarter. Finally, Corient Capital Partners LLC acquired a new position in shares of AU Optronics during the 1st quarter worth approximately $104,000. 6.91% of the stock is currently owned by hedge funds and other institutional investors.

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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