Latest Stocks: AU Optronics Corp (AUO) Upgraded by Zacks Investment Research to “Buy”

Latest Stocks: AU Optronics Corp (AUO) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of AU Optronics Corp (NYSE:AUO) from a hold rating to a buy rating in a research report report published on Wednesday morning. Zacks Investment Research currently has $4.25 target price on the semiconductor company’s stock.

According to Zacks, “Au Optronics is a world-leading manufacturer of large-size thin film transistor liquid crystal display panels, which are currently the most widely used flat panel display technology. They are used in notebook computers, desktop monitors, televisions, digital cameras, DVD players, PDAs, mobile phones, portable games, and car navigation systems, among other applications. “

AU Optronics Corp (NYSE:AUO) opened at 3.92 on Wednesday. The firm’s 50-day moving average is $3.93 and its 200-day moving average is $3.87. AU Optronics Corp has a 12 month low of $2.69 and a 12 month high of $4.42. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 4.67 and a beta of 0.62. AU Optronics Corp (NYSE:AUO) last released its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.49. AU Optronics Corp had a negative net margin of 2.81% and a negative return on equity of 4.70%. The business had revenue of $88.56 billion for the quarter, compared to analysts’ expectations of $88.56 billion. During the same period in the previous year, the company earned ($0.57) EPS. AU Optronics Corp’s revenue for the quarter was up 24.5% compared to the same quarter last year. On average, analysts anticipate that AU Optronics Corp will post $1.06 EPS for the current fiscal year.

AU Optronics Corp (NYSE:AUO) opened at 3.92 on Wednesday. The firm’s 50-day moving average is $3.93 and its 200-day moving average is $3.87. AU Optronics Corp has a 12 month low of $2.69 and a 12 month high of $4.42. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 4.67 and a beta of 0.62. A number of large investors have recently added to or reduced their stakes in the company. World Asset Management Inc raised its stake in AU Optronics Corp by 0.5% in the first quarter. World Asset Management Inc now owns 59,701 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 273 shares in the last quarter. Wells Fargo & Company MN raised its stake in AU Optronics Corp by 0.4% in the first quarter. Wells Fargo & Company MN now owns 126,756 shares of the semiconductor company’s stock valued at $484,000 after buying an additional 504 shares in the last quarter. Bank of New York Mellon Corp raised its stake in AU Optronics Corp by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 63,658 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 657 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in AU Optronics Corp by 1.1% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 63,952 shares of the semiconductor company’s stock valued at $226,000 after buying an additional 682 shares in the last quarter. Finally, Comerica Bank raised its stake in AU Optronics Corp by 1.3% in the first quarter. Comerica Bank now owns 55,182 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 716 shares in the last quarter. 6.01% of the stock is owned by institutional investors.

Get a free copy of the Zacks research report on AU Optronics Corp (AUO) For more information about research offerings from Zacks Investment Research, visit Zacks.com

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