AU Optronics (AUO) Shares Gap Down to $4.93

Shares of AU Optronics Corp (NYSE:AUO) gapped down before the market opened on Tuesday . The stock had previously closed at $5.09, but opened at $4.93. AU Optronics shares last traded at $4.76, with a volume of 3128397 shares changing hands.

Several analysts have recently commented on AUO shares. Morgan Stanley raised shares of AU Optronics from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 23rd. CLSA raised shares of AU Optronics from an “underperform” rating to an “outperform” rating in a research report on Wednesday, January 24th. Credit Suisse Group lowered shares of AU Optronics from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research lowered shares of AU Optronics from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold”.

The stock has a market cap of $4,581.14, a PE ratio of 4.29 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.68.

AU Optronics (NYSE:AUO) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $80.66 billion for the quarter, compared to analyst estimates of $80.65 billion. AU Optronics had a net margin of 9.47% and a return on equity of 14.86%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. equities research analysts forecast that AU Optronics Corp will post 0.19 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gotham Asset Management LLC raised its position in AU Optronics by 266.2% in the fourth quarter. Gotham Asset Management LLC now owns 140,046 shares of the semiconductor company’s stock valued at $583,000 after purchasing an additional 101,799 shares during the period. Goldman Sachs Group Inc. raised its position in AU Optronics by 15.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 116,566 shares of the semiconductor company’s stock valued at $485,000 after purchasing an additional 15,445 shares during the period. Guggenheim Capital LLC raised its position in AU Optronics by 55.8% in the fourth quarter. Guggenheim Capital LLC now owns 299,694 shares of the semiconductor company’s stock valued at $1,247,000 after purchasing an additional 107,370 shares during the period. Renaissance Technologies LLC raised its position in AU Optronics by 3.5% in the fourth quarter. Renaissance Technologies LLC now owns 10,543,384 shares of the semiconductor company’s stock valued at $43,860,000 after purchasing an additional 356,600 shares during the period. Finally, Mackenzie Financial Corp purchased a new stake in AU Optronics in the fourth quarter valued at approximately $347,000. 6.34% of the stock is currently owned by institutional investors.

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About AU Optronics

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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