Aperio Group LLC increased its stake in AU Optronics Corp (NYSE:AUO) by 38.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,031,778 shares of the semiconductor company’s stock after buying an additional 834,713 shares during the period. Aperio Group LLC owned 0.32% of AU Optronics Corp worth $13,825,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its stake in shares of AU Optronics Corp by 39.7% in the first quarter. Parametric Portfolio Associates LLC now owns 1,670,965 shares of the semiconductor company’s stock valued at $6,383,000 after buying an additional 475,129 shares during the period. Karp Capital Management Corp acquired a new stake in AU Optronics Corp during the first quarter worth about $8,393,000. World Asset Management Inc increased 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 worth $228,000 after buying an additional 273 shares during the period. Comerica Bank increased 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 worth $221,000 after buying an additional 716 shares during the period. Finally, Renaissance Group LLC increased its stake in AU Optronics Corp by 1.0% in the first quarter. Renaissance Group LLC now owns 105,343 shares of the semiconductor company’s stock worth $402,000 after buying an additional 1,037 shares during the period. Hedge funds and other institutional investors own 8.23% of the company’s stock.
AU Optronics Corp (NYSE AUO) traded down 0.76% during mid-day trading on Friday, hitting $3.92. 1,692,047 shares of the stock were exchanged. AU Optronics Corp has a 1-year low of $3.44 and a 1-year high of $4.95. The stock has a 50 day moving average price of $4.17 and a 200 day moving average price of $4.00. The company has a market capitalization of $3.77 billion, a PE ratio of 4.67 and a beta of 0.52.
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 analysts’ consensus estimates 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 firm had revenue of $88.56 billion for the quarter, compared to analyst estimates of $88.56 billion. During the same period in the previous year, the company earned ($0.57) earnings per share. AU Optronics Corp’s revenue for the quarter was up 24.5% compared to the same quarter last year. On average, equities analysts anticipate that AU Optronics Corp will post $1.06 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on AUO shares. Zacks Investment Research downgraded shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. CLSA started coverage on shares of AU Optronics Corp in a report on Friday, May 19th. They issued a “buy” rating on the stock. Finally, BidaskClub upgraded shares of AU Optronics Corp from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. AU Optronics Corp presently has a consensus rating of “Hold” and a consensus target price of $4.38.
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.
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