AU Optronics Corp (NYSE:AUO) Shares Bought by KCG Holdings Inc.
KCG Holdings Inc. increased its position in AU Optronics Corp (NYSE:AUO) by 123.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,467 shares of the semiconductor company’s stock after buying an additional 68,867 shares during the period. KCG Holdings Inc.’s holdings in AU Optronics Corp were worth $475,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. AXA acquired a new stake in shares of AU Optronics Corp during the first quarter worth $142,000. Greenleaf Trust acquired a new stake in shares of AU Optronics Corp during the first quarter worth $201,000. Renaissance Technologies LLC increased its stake 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. Allianz Asset Management AG increased its stake in AU Optronics Corp by 269.9% in the fourth quarter. Allianz Asset Management AG now owns 333,222 shares of the semiconductor company’s stock valued at $1,180,000 after buying an additional 243,142 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in AU Optronics Corp during the first quarter valued at approximately $292,000. 8.23% of the stock is currently owned by institutional investors.
Shares of AU Optronics Corp (AUO) traded down 1.27% on Monday, hitting $3.89. The company had a trading volume of 3,048,449 shares. The firm’s 50 day moving average price is $4.16 and its 200-day moving average price is $4.00. The stock has a market capitalization of $3.74 billion, a PE ratio of 3.27 and a beta of 0.50. AU Optronics Corp has a 52 week low of $3.44 and a 52 week 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 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 company had revenue of $84.41 billion for the quarter, compared to the consensus estimate of $87.09 billion. During the same period last year, the business earned ($0.06) EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts forecast that AU Optronics Corp will post $1.13 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on AUO shares. Zacks Investment Research upgraded AU Optronics Corp from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Thursday, June 22nd. BidaskClub downgraded AU Optronics Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Bank of America Corporation downgraded AU Optronics Corp from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus 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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