AU Optronics Corp (NYSE:AUO) Stake Raised by Greenleaf Trust
Greenleaf Trust boosted its stake in AU Optronics Corp (NYSE:AUO) by 46.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,670 shares of the semiconductor company’s stock after buying an additional 24,163 shares during the period. Greenleaf Trust’s holdings in AU Optronics Corp were worth $350,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of AU Optronics Corp by 64.9% in the second quarter. US Bancorp DE now owns 28,514 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 11,223 shares during the last quarter. Diversified Trust Co bought a new stake in shares of AU Optronics Corp during the second quarter valued at $130,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of AU Optronics Corp during the first quarter valued at $130,000. AXA bought a new stake in shares of AU Optronics Corp during the first quarter valued at $142,000. Finally, Conning Inc. bought a new stake in shares of AU Optronics Corp during the first quarter valued at $146,000. Institutional investors own 8.23% of the company’s stock.
AU Optronics Corp (NYSE AUO) opened at 3.94 on Monday. The stock has a market cap of $3.79 billion, a P/E ratio of 3.31 and a beta of 0.50. The company has a 50-day moving average price of $4.16 and a 200-day moving average price of $4.00. AU Optronics Corp has a one year low of $3.44 and a one year high of $4.95.
AU Optronics Corp (NYSE:AUO) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $84.41 billion during the quarter, compared to the consensus estimate of $87.09 billion. AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, analysts anticipate that AU Optronics Corp will post $1.13 earnings per share for the current year.
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Several equities research analysts have recently weighed in on AUO shares. Zacks Investment Research downgraded AU Optronics Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. CLSA started coverage on AU Optronics Corp in a research report on Friday, May 19th. They issued a “buy” rating for the company. Finally, BidaskClub raised AU Optronics Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price 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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