AU Optronics Corp (NYSE:AUO) shares rose 6.5% during mid-day trading on Monday . The stock traded as high as $4.44 and last traded at $4.42. Approximately 2,670,762 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 2,301,870 shares. The stock had previously closed at $4.15.

AUO has been the subject of several recent research reports. Zacks Investment Research downgraded AU Optronics Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. BidaskClub raised AU Optronics Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. AU Optronics Corp presently has a consensus rating of “Hold” and a consensus target price of $4.75.

The firm’s 50 day moving average price is $3.99 and its 200-day moving average price is $4.00. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 3.55 and a beta of 0.50.

AU Optronics Corp (NYSE:AUO) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The company had revenue of $84.41 billion during the quarter, compared to analysts’ expectations of $87.09 billion. AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. AU Optronics Corp’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. On average, analysts forecast that AU Optronics Corp will post $1.13 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in AU Optronics Corp by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 11,704,659 shares of the semiconductor company’s stock worth $44,712,000 after purchasing an additional 1,192,399 shares during the period. Renaissance Technologies LLC increased its stake in AU Optronics Corp by 22.7% in the 2nd 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 during the period. Acadian Asset Management LLC increased its stake in AU Optronics Corp by 1.7% in the 2nd quarter. Acadian Asset Management LLC now owns 5,772,066 shares of the semiconductor company’s stock worth $26,321,000 after purchasing an additional 98,606 shares during the period. Aperio Group LLC increased its stake in AU Optronics Corp by 38.0% in the 2nd quarter. Aperio Group LLC now owns 3,031,778 shares of the semiconductor company’s stock worth $13,825,000 after purchasing an additional 834,713 shares during the period. Finally, Morgan Stanley increased its stake in AU Optronics Corp by 690.1% in the 1st quarter. Morgan Stanley now owns 2,586,406 shares of the semiconductor company’s stock worth $9,880,000 after purchasing an additional 2,259,044 shares during the period. 7.44% of the stock is currently owned by institutional investors and hedge funds.

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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.

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