Credit Suisse AG purchased a new position in AU Optronics Corp (NYSE:AUO) during the first quarter, Holdings Channel reports. The firm purchased 435,874 shares of the semiconductor company’s stock, valued at approximately $1,665,000.

Other institutional investors have also modified their holdings of the company. World Asset Management Inc raised its position in shares of AU Optronics Corp by 0.5% in the first quarter. World Asset Management Inc now owns 59,701 shares of the semiconductor company’s stock worth $228,000 after buying an additional 273 shares during the period. Wells Fargo & Company MN raised its position in shares of AU Optronics Corp by 0.4% in the first quarter. Wells Fargo & Company MN now owns 126,756 shares of the semiconductor company’s stock worth $484,000 after buying an additional 504 shares during the period. Bank of New York Mellon Corp raised its position 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 buying an additional 657 shares during the period. Comerica Bank raised its position in shares of AU Optronics Corp by 1.3% in the first quarter. Comerica Bank now owns 55,182 shares of the semiconductor company’s stock worth $221,000 after buying an additional 716 shares during the period. Finally, Renaissance Group LLC raised its position in shares of AU Optronics Corp by 1.0% in the first quarter. Renaissance Group LLC now owns 105,343 shares of the semiconductor company’s stock worth $402,000 after buying an additional 1,037 shares during the period. Institutional investors own 8.23% of the company’s stock.

AU Optronics Corp (NYSE AUO) traded up 3.22% during trading on Friday, reaching $3.85. 3,100,856 shares of the company traded hands. The firm’s 50 day moving average price is $4.12 and its 200 day moving average price is $3.99. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 3.24 and a beta of 0.50. AU Optronics Corp has a 12-month low of $3.44 and a 12-month high of $4.95.

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

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A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub lowered shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Bank of America Corporation lowered shares of AU Optronics Corp from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. Drexel Hamilton restated a “hold” rating on shares of AU Optronics Corp in a report on Tuesday, August 8th. Finally, Credit Suisse Group restated a “neutral” rating on shares of AU Optronics Corp in a report on Wednesday, July 12th. Five analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for AU Optronics Corp (NYSE:AUO)

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