Acadian Asset Management LLC boosted its position in shares of AU Optronics Corp (NYSE:AUO) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,772,066 shares of the semiconductor company’s stock after buying an additional 98,606 shares during the period. Acadian Asset Management LLC owned 0.60% of AU Optronics Corp worth $26,321,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley raised its position in AU Optronics Corp by 690.1% in the first quarter. Morgan Stanley now owns 2,586,406 shares of the semiconductor company’s stock worth $9,880,000 after buying an additional 2,259,044 shares during the period. Karp Capital Management Corp acquired a new stake in AU Optronics Corp during the first quarter worth approximately $8,393,000. Renaissance Technologies LLC raised its stake in AU Optronics Corp by 27.5% in the first quarter. Renaissance Technologies LLC now owns 8,510,684 shares of the semiconductor company’s stock worth $32,511,000 after buying an additional 1,835,184 shares during the last quarter. Vanguard Group Inc. raised its stake in AU Optronics Corp by 11.3% in the first quarter. Vanguard Group Inc. now owns 11,704,659 shares of the semiconductor company’s stock worth $44,712,000 after buying an additional 1,192,399 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in AU Optronics Corp by 776.6% in the first quarter. JPMorgan Chase & Co. now owns 1,217,513 shares of the semiconductor company’s stock worth $4,651,000 after buying an additional 1,078,617 shares during the last quarter. Institutional investors own 8.23% of the company’s stock.
Shares of AU Optronics Corp (NYSE:AUO) traded down 2.31% during midday trading on Wednesday, reaching $3.81. The company’s stock had a trading volume of 2,135,233 shares. The company has a 50 day moving average price of $4.15 and a 200-day moving average price of $4.00. AU Optronics Corp has a 52 week low of $3.44 and a 52 week high of $4.95. The stock has a market capitalization of $3.67 billion, a PE ratio of 3.20 and a beta of 0.50.
AU Optronics Corp (NYSE:AUO) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. The business had revenue of $84.41 billion during the quarter, compared to analysts’ expectations of $87.09 billion. During the same period last year, the business earned ($0.06) earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that AU Optronics Corp will post $1.13 EPS for the current year.
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A number of analysts have commented on AUO shares. Zacks Investment Research raised AU Optronics Corp from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a report on Thursday, June 22nd. BidaskClub lowered AU Optronics Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Bank of America Corporation downgraded AU Optronics Corp from a “neutral” rating to an “underperform” rating in a research report on Thursday, July 27th. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of AU Optronics Corp in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $4.38.
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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