Marshall Wace North America L.P. purchased a new stake in shares of AU Optronics Corp (NYSE:AUO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,630 shares of the semiconductor company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of AU Optronics Corp by 11.3% during the first quarter. Vanguard Group Inc. now owns 11,704,659 shares of the semiconductor company’s stock valued at $44,712,000 after acquiring an additional 1,192,399 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of AU Optronics Corp by 27.5% during the first quarter. Renaissance Technologies LLC now owns 8,510,684 shares of the semiconductor company’s stock valued at $32,511,000 after acquiring an additional 1,835,184 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of AU Optronics Corp by 1.7% during the second quarter. Acadian Asset Management LLC now owns 5,772,066 shares of the semiconductor company’s stock valued at $26,321,000 after acquiring an additional 98,606 shares during the period. Aperio Group LLC boosted its holdings in shares of AU Optronics Corp by 38.0% during the second quarter. Aperio Group LLC now owns 3,031,778 shares of the semiconductor company’s stock valued at $13,825,000 after acquiring an additional 834,713 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of AU Optronics Corp by 690.1% during the first quarter. Morgan Stanley now owns 2,586,406 shares of the semiconductor company’s stock valued at $9,880,000 after acquiring an additional 2,259,044 shares during the period. 7.45% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of AU Optronics Corp from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 15th. Zacks Investment Research downgraded shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub downgraded shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Bank of America Corporation downgraded shares of AU Optronics Corp from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of AU Optronics Corp in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $4.75.

ILLEGAL ACTIVITY NOTICE: “Marshall Wace North America L.P. Invests $213,000 in AU Optronics Corp (AUO)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/09/17/marshall-wace-north-america-l-p-invests-213000-in-au-optronics-corp-auo.html.

Shares of AU Optronics Corp (NYSE:AUO) opened at 4.15 on Friday. AU Optronics Corp has a 12-month low of $3.44 and a 12-month high of $4.95. The firm has a market cap of $3.99 billion, a P/E ratio of 3.52 and a beta of 0.50. The company has a 50-day moving average of $3.97 and a 200 day moving average of $3.99.

AU Optronics Corp (NYSE:AUO) last announced its 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 last year, the business posted ($0.06) earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that AU Optronics Corp will post $1.13 EPS for the current year.

About AU Optronics Corp

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.

Institutional Ownership by Quarter for AU Optronics Corp (NYSE:AUO)

Receive News & Stock Ratings for AU Optronics Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AU Optronics Corp and related stocks with our FREE daily email newsletter.