Arrowstreet Capital Limited Partnership lowered its stake in AU Optronics Corp (NYSE:AUO) by 52.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,019 shares of the semiconductor company’s stock after selling 175,639 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in AU Optronics were worth $674,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in shares of AU Optronics by 7.2% in the second quarter. Northern Trust Corp now owns 1,243,125 shares of the semiconductor company’s stock valued at $5,668,000 after purchasing an additional 83,552 shares during the period. State Street Corp increased its holdings in shares of AU Optronics by 13.4% in the second quarter. State Street Corp now owns 1,028,160 shares of the semiconductor company’s stock valued at $4,689,000 after purchasing an additional 121,188 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of AU Optronics by 24.8% in the third quarter. Allianz Asset Management GmbH now owns 265,962 shares of the semiconductor company’s stock valued at $1,074,000 after purchasing an additional 52,817 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of AU Optronics by 7.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 906,109 shares of the semiconductor company’s stock valued at $3,661,000 after purchasing an additional 62,100 shares during the period. Finally, Schroder Investment Management Group acquired a new position in shares of AU Optronics in the fourth quarter valued at approximately $729,000. 6.24% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on AUO shares. Credit Suisse Group lowered AU Optronics from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 30th. Zacks Investment Research raised AU Optronics from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Morgan Stanley raised AU Optronics from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 23rd. Finally, CLSA raised AU Optronics from an “underperform” rating to an “outperform” rating in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. AU Optronics currently has a consensus rating of “Hold”.
AU Optronics (NYSE:AUO) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. AU Optronics had a return on equity of 14.86% and a net margin of 9.47%. The firm had revenue of $80.66 billion for the quarter, compared to analyst estimates of $80.65 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. AU Optronics’s quarterly revenue was down 12.2% on a year-over-year basis. analysts expect that AU Optronics Corp will post 0.09 EPS for the current fiscal year.
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AU Optronics 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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