State Street Corp raised its position in AU Optronics Corp (NYSE:AUO) by 13.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,028,160 shares of the semiconductor company’s stock after buying an additional 121,188 shares during the period. State Street Corp owned 0.11% of AU Optronics worth $4,689,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. US Bancorp DE lifted its position in shares of AU Optronics by 64.9% during the second quarter. US Bancorp DE now owns 28,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 11,223 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in AU Optronics in the second quarter valued at approximately $213,000. Shelton Capital Management acquired a new position in AU Optronics in the second quarter valued at approximately $205,000. Bank of New York Mellon Corp lifted its holdings in AU Optronics by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 63,658 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 657 shares during the period. Finally, Wetherby Asset Management Inc. lifted its holdings in AU Optronics 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. Hedge funds and other institutional investors own 6.70% of the company’s stock.
AU Optronics Corp (NYSE:AUO) opened at $4.17 on Wednesday. AU Optronics Corp has a twelve month low of $3.52 and a twelve month high of $4.95. The firm has a market cap of $4,003.69, a P/E ratio of 3.33 and a beta of 0.54. The company has a quick ratio of 1.36, a current ratio of 1.57 and a debt-to-equity ratio of 0.46.
AUO has been the topic of several analyst reports. Zacks Investment Research upgraded shares of AU Optronics from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Drexel Hamilton restated a “hold” rating on shares of AU Optronics in a report on Tuesday, August 8th. ValuEngine upgraded shares of AU Optronics from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, Morgan Stanley lowered shares of AU Optronics from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 15th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold”.
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AU Optronics 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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