Zacks Investment Research cut shares of AU Optronics (NYSE:AUO) from a buy rating to a hold rating in a report released on Friday morning, Zacks.com reports.

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. “

Separately, HSBC upgraded shares of AU Optronics from a reduce rating to a hold rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of Hold and a consensus target price of $3.25.

Shares of AU Optronics stock traded down $0.07 on Friday, hitting $2.66. 1,134,053 shares of the company traded hands, compared to its average volume of 631,296. The company’s 50-day simple moving average is $2.88. The company has a current ratio of 1.30, a quick ratio of 1.05 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $2.56 billion, a P/E ratio of 7.82 and a beta of 0.76. AU Optronics has a 12-month low of $2.62 and a 12-month high of $4.49.

AU Optronics (NYSE:AUO) last posted its quarterly earnings data on Thursday, July 25th. The semiconductor company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.09. The firm had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $70.06 billion. AU Optronics had a negative net margin of 0.59% and a negative return on equity of 0.80%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. Research analysts forecast that AU Optronics will post -0.16 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. First Trust Advisors LP raised its stake in shares of AU Optronics by 14.5% in the 4th quarter. First Trust Advisors LP now owns 30,022 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 3,792 shares during the period. BlackRock Inc. raised its stake in shares of AU Optronics by 21.1% in the 4th quarter. BlackRock Inc. now owns 487,320 shares of the semiconductor company’s stock valued at $1,920,000 after purchasing an additional 85,052 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of AU Optronics by 49.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 200,377 shares of the semiconductor company’s stock valued at $789,000 after purchasing an additional 66,100 shares during the period. Candriam Luxembourg S.C.A. acquired a new stake in shares of AU Optronics in the 4th quarter valued at about $380,000. Finally, Gotham Asset Management LLC raised its stake in shares of AU Optronics by 10.3% in the 4th quarter. Gotham Asset Management LLC now owns 143,944 shares of the semiconductor company’s stock valued at $567,000 after purchasing an additional 13,500 shares during the period. Institutional investors own 6.92% 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.

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