AU Optronics Corp (AUO) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. raised its stake in AU Optronics Corp (NYSE:AUO) by 42.8% during the first quarter, Holdings Channel reports. The firm owned 213,460 shares of the semiconductor company’s stock after buying an additional 63,938 shares during the period. Goldman Sachs Group Inc.’s holdings in AU Optronics Corp were worth $815,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of AU Optronics Corp by 21.4% in the fourth quarter. State Street Corp now owns 865,762 shares of the semiconductor company’s stock valued at $3,064,000 after buying an additional 152,778 shares during the period. Conning Inc. acquired a new position in shares of AU Optronics Corp during the first quarter valued at $146,000. Wetherby Asset Management Inc. increased its position in shares of AU Optronics Corp by 68.7% in the first quarter. Wetherby Asset Management Inc. now owns 71,407 shares of the semiconductor company’s stock valued at $273,000 after buying an additional 29,090 shares during the period. Greenleaf Trust acquired a new position in shares of AU Optronics Corp during the first quarter valued at $201,000. Finally, Wells Fargo & Company MN increased its position in shares of AU Optronics Corp by 0.4% in the first quarter. Wells Fargo & Company MN now owns 126,756 shares of the semiconductor company’s stock valued at $484,000 after buying an additional 504 shares during the period. Hedge funds and other institutional investors own 8.00% of the company’s stock.
Shares of AU Optronics Corp (AUO) traded down 1.55% on Tuesday, reaching $3.82. The company had a trading volume of 831,026 shares. The firm has a market capitalization of $3.68 billion, a PE ratio of 3.21 and a beta of 0.50. The firm’s 50 day moving average is $4.11 and its 200 day moving average is $3.99. AU Optronics Corp has a 12 month low of $3.44 and a 12 month high of $4.95.
AU Optronics Corp (NYSE:AUO) last posted its quarterly 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 net margin of 9.48% and a return on equity of 17.46%. The business 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) earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that AU Optronics Corp will post $1.13 earnings per share for the current fiscal year.
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AUO has been the topic of several research analyst reports. Zacks Investment Research downgraded AU Optronics Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. CLSA initiated coverage on AU Optronics Corp in a research note on Friday, May 19th. They set a “buy” rating on the stock. Finally, BidaskClub upgraded AU Optronics Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock currently 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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