AU Optronics Corp (NYSE:AUO) Short Interest Update

AU Optronics Corp (NYSE:AUO) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 40,230,801 shares, a decrease of 11.7% from the June 15th total of 45,535,927 shares. Based on an average trading volume of 3,779,507 shares, the short-interest ratio is currently 10.6 days.

Shares of AU Optronics Corp (AUO) opened at 4.22 on Wednesday. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 5.02 and a beta of 0.51. AU Optronics Corp has a 52-week low of $3.44 and a 52-week high of $4.95. The firm has a 50-day moving average price of $4.01 and a 200-day moving average price of $3.94.

AU Optronics Corp (NYSE:AUO) last issued its earnings results on Thursday, April 27th. The semiconductor company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.49. AU Optronics Corp had a return on equity of 11.96% and a net margin of 6.63%. The company had revenue of $88.56 billion during 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 quarterly revenue was up 24.5% on a year-over-year basis. Analysts predict that AU Optronics Corp will post $1.06 EPS for the current fiscal year.

Several research firms recently issued reports on AUO. Zacks Investment Research lowered AU Optronics Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub lowered AU Optronics Corp from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Credit Suisse Group reissued a “neutral” rating on shares of AU Optronics Corp in a research note on Wednesday, July 12th. Finally, CLSA initiated coverage on AU Optronics Corp in a research note on Friday, May 19th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.38.

Several large investors have recently modified their holdings of AUO. Russell Investments Group Ltd. acquired a new position in AU Optronics Corp during the fourth quarter valued at approximately $473,000. Comerica Bank boosted its position in AU Optronics Corp by 12.9% in the fourth quarter. Comerica Bank now owns 54,466 shares of the semiconductor company’s stock valued at $219,000 after buying an additional 6,235 shares during the period. State Street Corp boosted its position in AU Optronics Corp by 21.4% in the fourth quarter. State Street Corp now owns 865,762 shares of the semiconductor company’s stock valued at $3,064,000 after buying an additional 152,778 shares during the period. Conning Inc. acquired a new position in AU Optronics Corp during the first quarter valued at approximately $146,000. Finally, Wetherby Asset Management Inc. boosted its position in AU Optronics Corp by 68.7% in the first quarter. Wetherby Asset Management Inc. now owns 71,407 shares of the semiconductor company’s stock valued at $273,000 after buying an additional 29,090 shares during the period. 8.23% of the stock is owned by institutional investors.

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About AU Optronics Corp

AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Through Display business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels.