AU Optronics Corp (NYSE:AUO) was the target of a large decrease in short interest during the month of 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 daily trading volume, of 3,779,507 shares, the short-interest ratio is currently 10.6 days.
A number of hedge funds and other institutional investors have recently made changes to their positions in AUO. Marshall Wace North America L.P. purchased a new position in shares of AU Optronics Corp during the second quarter valued at approximately $213,000. Schwab Charles Investment Management Inc. increased its position in shares of AU Optronics Corp by 20.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 844,009 shares of the semiconductor company’s stock valued at $3,849,000 after buying an additional 142,600 shares during the period. Wetherby Asset Management Inc. increased its position in shares of AU Optronics Corp by 17.7% in the second quarter. Wetherby Asset Management Inc. now owns 84,044 shares of the semiconductor company’s stock valued at $383,000 after buying an additional 12,637 shares during the period. Ronald Blue & Co. LLC increased its position in shares of AU Optronics Corp by 35.4% in the second quarter. Ronald Blue & Co. LLC now owns 97,202 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 25,433 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of AU Optronics Corp by 1.7% in the second quarter. Acadian Asset Management LLC now owns 5,772,066 shares of the semiconductor company’s stock valued at $26,321,000 after buying an additional 98,606 shares during the period. Hedge funds and other institutional investors own 8.34% of the company’s stock.
A number of research firms have recently commented on AUO. Credit Suisse Group restated a “neutral” rating on shares of AU Optronics Corp in a report on Wednesday, July 12th. Zacks Investment Research cut shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. UBS AG cut shares of AU Optronics Corp from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. CLSA began coverage on shares of AU Optronics Corp in a research report on Friday, May 19th. They set a “buy” rating for the company. Finally, BidaskClub cut shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $4.38.
AU Optronics Corp (NYSE:AUO) traded up 1.81% during trading on Friday, reaching $3.94. 2,219,775 shares of the company’s stock were exchanged. AU Optronics Corp has a 1-year low of $3.44 and a 1-year high of $4.95. The company has a market capitalization of $3.79 billion, a PE ratio of 3.31 and a beta of 0.50. The company’s 50-day moving average is $4.16 and its 200-day moving average is $4.00.
AU Optronics Corp (NYSE:AUO) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by $0.02. The firm had revenue of $84.41 billion during the quarter, compared to the consensus estimate of $87.09 billion. AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) EPS. Equities research analysts expect that AU Optronics Corp will post $1.13 earnings per share for the current fiscal year.
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AU Optronics Corp Company Profile
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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