AU Optronics Corp (AUO) Stake Raised by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd lifted its holdings in AU Optronics Corp (NYSE:AUO) by 168.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,262 shares of the semiconductor company’s stock after buying an additional 35,945 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in AU Optronics were worth $231,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of AU Optronics by 11.3% in the first quarter. Vanguard Group Inc. now owns 11,704,659 shares of the semiconductor company’s stock worth $44,712,000 after buying an additional 1,192,399 shares during the period. Renaissance Technologies LLC grew its stake in AU Optronics by 22.7% in the second quarter. Renaissance Technologies LLC now owns 10,440,384 shares of the semiconductor company’s stock worth $47,608,000 after purchasing an additional 1,929,700 shares in the last quarter. Aperio Group LLC grew its stake in AU Optronics by 2.2% in the third quarter. Aperio Group LLC now owns 3,097,603 shares of the semiconductor company’s stock worth $12,514,000 after purchasing an additional 65,825 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in AU Optronics by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 1,679,460 shares of the semiconductor company’s stock worth $7,658,000 after purchasing an additional 8,495 shares in the last quarter. Finally, Northern Trust Corp grew its stake in AU Optronics by 7.2% in the second quarter. Northern Trust Corp now owns 1,243,125 shares of the semiconductor company’s stock worth $5,668,000 after purchasing an additional 83,552 shares in the last quarter. Hedge funds and other institutional investors own 6.70% of the company’s stock.
AU Optronics Corp (NYSE:AUO) opened at $4.15 on Thursday. AU Optronics Corp has a 52 week low of $3.52 and a 52 week high of $4.95. The stock has a market capitalization of $4,013.31, a P/E ratio of 3.34 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.
AU Optronics (NYSE:AUO) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.63. The business had revenue of $87.40 billion for the quarter, compared to analysts’ expectations of $85.19 billion. AU Optronics had a return on equity of 18.55% and a net margin of 10.56%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. analysts expect that AU Optronics Corp will post 1.05 EPS for the current year.
Several brokerages recently issued reports on AUO. ValuEngine raised AU Optronics from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Zacks Investment Research raised AU Optronics from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Morgan Stanley cut AU Optronics from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 15th. Four analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold”.
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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