World Asset Management Inc decreased its stake in shares of AU Optronics Corp (NYSE:AUO) by 5.1% during the second quarter, Holdings Channel reports. The firm owned 56,683 shares of the semiconductor company’s stock after selling 3,018 shares during the period. World Asset Management Inc’s holdings in AU Optronics Corp were worth $258,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in AUO. Morgan Stanley increased its stake in shares of AU Optronics Corp by 690.1% in the first quarter. Morgan Stanley now owns 2,586,406 shares of the semiconductor company’s stock valued at $9,880,000 after buying an additional 2,259,044 shares during the period. Karp Capital Management Corp purchased a new stake in shares of AU Optronics Corp during the first quarter valued at approximately $8,393,000. Renaissance Technologies LLC increased its stake in shares of 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 valued at $32,511,000 after buying an additional 1,835,184 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 valued at $44,712,000 after buying an additional 1,192,399 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of 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 valued at $4,651,000 after buying an additional 1,078,617 shares during the period. 8.00% of the stock is currently owned by institutional investors.
Shares of AU Optronics Corp (NYSE AUO) opened at 3.83 on Friday. The stock’s 50 day moving average is $4.04 and its 200-day moving average is $3.98. The stock has a market cap of $3.69 billion, a P/E ratio of 3.25 and a beta of 0.50. AU Optronics Corp has a one year low of $3.44 and a one year high of $4.95.
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 Zacks’ 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 for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. On average, equities analysts forecast that AU Optronics Corp will post $1.13 EPS for the current year.
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Several analysts recently commented on AUO shares. Zacks Investment Research raised shares of AU Optronics Corp from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research report on Thursday, June 22nd. CLSA started coverage on shares of AU Optronics Corp in a research report on Friday, May 19th. They set a “buy” rating on the stock. UBS AG downgraded shares of AU Optronics Corp from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. Finally, BidaskClub raised shares of AU Optronics Corp from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average 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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