AU Optronics (NYSE:AUO) Lifted to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of AU Optronics (NYSE:AUO) from an equal weight rating to an overweight rating in a research note issued to investors on Sunday, The Fly reports.

Separately, Zacks Investment Research downgraded AU Optronics from a hold rating to a sell rating in a report on Tuesday, October 1st.

NYSE:AUO opened at $2.47 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.56 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $2.50 and its two-hundred day moving average is $2.62. AU Optronics has a 52 week low of $2.16 and a 52 week high of $4.29. The company has a market cap of $2.38 billion, a PE ratio of 7.26 and a beta of 0.73.

A number of large investors have recently added to or reduced their stakes in the business. Corient Capital Partners LLC lifted its holdings in AU Optronics by 34.1% during the 2nd quarter. Corient Capital Partners LLC now owns 38,321 shares of the semiconductor company’s stock worth $113,000 after buying an additional 9,741 shares during the last quarter. Renaissance Group LLC lifted its holdings in shares of AU Optronics by 5.1% in the 3rd quarter. Renaissance Group LLC now owns 200,673 shares of the semiconductor company’s stock worth $494,000 after purchasing an additional 9,763 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of AU Optronics by 33.9% in the 2nd quarter. First Trust Advisors LP now owns 39,867 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 10,083 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of AU Optronics in the 2nd quarter worth approximately $31,000. Finally, Sentinel Trust Co. LBA bought a new stake in shares of AU Optronics in the 3rd quarter worth approximately $27,000. 6.60% of the stock is currently owned by 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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