AU Optronics Corp (AUO) Sees Strong Trading Volume
Shares of AU Optronics Corp (NYSE:AUO) saw unusually-high trading volume on Wednesday . Approximately 2,228,485 shares were traded during mid-day trading, an increase of 51% from the previous session’s volume of 1,472,480 shares.The stock last traded at $4.24 and had previously closed at $4.07.
AUO has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of AU Optronics Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. UBS AG cut shares of AU Optronics Corp from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. BidaskClub upgraded shares of AU Optronics Corp from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Credit Suisse Group restated a “neutral” rating on shares of AU Optronics Corp in a research report on Wednesday, July 12th. Finally, Morgan Stanley cut shares of AU Optronics Corp from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 15th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. AU Optronics Corp has an average rating of “Hold”.
The firm has a market capitalization of $4.08 billion, a P/E ratio of 3.56 and a beta of 0.46. The company’s 50 day moving average is $4.10 and its 200 day moving average is $4.04.
AU Optronics Corp (NYSE:AUO) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). AU Optronics Corp had a net margin of 9.48% and a return on equity of 17.46%. The company had revenue of $84.41 billion during the quarter, compared to analyst estimates of $87.09 billion. During the same quarter in the prior year, the business earned ($0.06) EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts forecast that AU Optronics Corp will post $1.13 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the business. AXA acquired a new stake in AU Optronics Corp in the first quarter valued at approximately $142,000. Morgan Stanley boosted 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 valued at $9,880,000 after buying an additional 2,259,044 shares in the last quarter. Renaissance Technologies LLC boosted its position 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 valued at $32,511,000 after buying an additional 1,835,184 shares in the last quarter. KCG Holdings Inc. boosted its position in AU Optronics Corp by 123.9% in the first quarter. KCG Holdings Inc. now owns 124,467 shares of the semiconductor company’s stock valued at $475,000 after buying an additional 68,867 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in AU Optronics Corp in the first quarter valued at approximately $1,183,000. Hedge funds and other institutional investors own 7.41% of the company’s stock.
About AU Optronics Corp
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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