AU Optronics Corp (AUO) Short Interest Update
AU Optronics Corp (NYSE:AUO) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 40,230,801 shares, a decrease of 11.7% from the June 15th total of 45,535,927 shares. Based on an average trading volume of 3,779,507 shares, the short-interest ratio is currently 10.6 days.
Shares of AU Optronics Corp (AUO) opened at 4.22 on Wednesday. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 5.02 and a beta of 0.51. AU Optronics Corp has a 52-week low of $3.44 and a 52-week high of $4.95. The firm has a 50-day moving average price of $4.01 and a 200-day moving average price of $3.94.
AU Optronics Corp (NYSE:AUO) last issued its earnings results on Thursday, April 27th. The semiconductor company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.49. AU Optronics Corp had a return on equity of 11.96% and a net margin of 6.63%. The company had revenue of $88.56 billion during the quarter, compared to analysts’ expectations of $88.56 billion. During the same period in the previous year, the company earned ($0.57) EPS. AU Optronics Corp’s quarterly revenue was up 24.5% on a year-over-year basis. Analysts predict that AU Optronics Corp will post $1.06 EPS for the current fiscal year.
Several research firms recently issued reports on AUO. Zacks Investment Research lowered AU Optronics Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub lowered AU Optronics Corp from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Credit Suisse Group reissued a “neutral” rating on shares of AU Optronics Corp in a research note on Wednesday, July 12th. Finally, CLSA initiated coverage on AU Optronics Corp in a research note on Friday, May 19th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.38.
Several large investors have recently modified their holdings of AUO. Russell Investments Group Ltd. acquired a new position in AU Optronics Corp during the fourth quarter valued at approximately $473,000. Comerica Bank boosted its position in AU Optronics Corp by 12.9% in the fourth quarter. Comerica Bank now owns 54,466 shares of the semiconductor company’s stock valued at $219,000 after buying an additional 6,235 shares during the period. State Street Corp boosted its position in AU Optronics Corp by 21.4% in the fourth quarter. State Street Corp now owns 865,762 shares of the semiconductor company’s stock valued at $3,064,000 after buying an additional 152,778 shares during the period. Conning Inc. acquired a new position in AU Optronics Corp during the first quarter valued at approximately $146,000. Finally, Wetherby Asset Management Inc. boosted its position in AU Optronics Corp by 68.7% in the first quarter. Wetherby Asset Management Inc. now owns 71,407 shares of the semiconductor company’s stock valued at $273,000 after buying an additional 29,090 shares during the period. 8.23% of the stock is owned by institutional investors.
WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/07/19/au-optronics-corp-auo-short-interest-update.html.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.