Northern Trust Corp Buys 83,552 Shares of AU Optronics Corp (AUO)

Northern Trust Corp raised its stake in AU Optronics Corp (NYSE:AUO) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,243,125 shares of the semiconductor company’s stock after acquiring an additional 83,552 shares during the period. Northern Trust Corp owned approximately 0.13% of AU Optronics Corp worth $5,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of AU Optronics Corp by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 63,658 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 657 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of AU Optronics Corp by 0.9% in the second quarter. Wells Fargo & Company MN now owns 127,957 shares of the semiconductor company’s stock worth $583,000 after acquiring an additional 1,201 shares during the last quarter. Renaissance Group LLC grew its stake in shares of AU Optronics Corp by 9.4% in the second quarter. Renaissance Group LLC now owns 115,274 shares of the semiconductor company’s stock worth $526,000 after acquiring an additional 9,931 shares during the last quarter. US Bancorp DE grew 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 worth $130,000 after acquiring an additional 11,223 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in shares of AU Optronics Corp by 17.7% in the second quarter. Wetherby Asset Management Inc. now owns 84,044 shares of the semiconductor company’s stock worth $383,000 after acquiring an additional 12,637 shares during the last quarter. 7.40% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of AU Optronics Corp (AUO) opened at $4.14 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.36 and a debt-to-equity ratio of 0.46. AU Optronics Corp has a 12-month low of $3.46 and a 12-month high of $4.95. The company has a market capitalization of $3,945.94, a price-to-earnings ratio of 3.28 and a beta of 0.52.

AU Optronics Corp (NYSE:AUO) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.29 by $0.63. AU Optronics Corp had a return on equity of 18.55% and a net margin of 10.56%. The company had revenue of $87.40 billion for the quarter, compared to analysts’ expectations of $85.19 billion. During the same period last year, the firm posted $0.51 earnings per share. AU Optronics Corp’s revenue was up 1.6% compared to the same quarter last year. research analysts predict that AU Optronics Corp will post 1.05 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised AU Optronics Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine raised AU Optronics Corp from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Morgan Stanley cut AU Optronics Corp from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 15th. Drexel Hamilton reaffirmed a “hold” rating on shares of AU Optronics Corp in a research report on Tuesday, August 8th. Finally, Bank of America Corporation cut AU Optronics Corp from a “neutral” rating to an “underperform” rating in a research report on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. AU Optronics Corp presently has an average rating of “Hold”.

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

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