Wetherby Asset Management Inc. increased its stake in shares of AU Optronics Corp (NYSE:AUO) by 17.7% during the second quarter, Holdings Channel reports. The fund owned 84,044 shares of the semiconductor company’s stock after buying an additional 12,637 shares during the period. Wetherby Asset Management Inc.’s holdings in AU Optronics Corp were worth $383,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in AUO. Morgan Stanley boosted its position in shares of AU Optronics Corp by 690.1% in the first quarter. Morgan Stanley now owns 2,586,406 shares of the semiconductor company’s stock valued at $9,880,000 after buying an additional 2,259,044 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of AU Optronics Corp during the first quarter valued at about $8,393,000. Renaissance Technologies LLC boosted its position in shares of AU Optronics Corp by 27.5% in the first quarter. Renaissance Technologies LLC now owns 8,510,684 shares of the semiconductor company’s stock valued at $32,511,000 after buying an additional 1,835,184 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of AU Optronics Corp by 11.3% in the first quarter. Vanguard Group Inc. now owns 11,704,659 shares of the semiconductor company’s stock valued at $44,712,000 after buying an additional 1,192,399 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of AU Optronics Corp by 776.6% in the first quarter. JPMorgan Chase & Co. now owns 1,217,513 shares of the semiconductor company’s stock valued at $4,651,000 after buying an additional 1,078,617 shares during the last quarter. 8.00% of the stock is currently owned by institutional investors.

AU Optronics Corp (NYSE:AUO) opened at 3.88 on Tuesday. AU Optronics Corp has a 52-week low of $3.44 and a 52-week high of $4.95. The stock has a market cap of $3.73 billion, a PE ratio of 3.26 and a beta of 0.50. The firm has a 50-day moving average price of $4.11 and a 200 day moving average price of $3.99.

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 Zacks’ consensus estimate of $0.36 by $0.02. The business had revenue of $84.41 billion during the quarter, compared to the consensus estimate of $87.09 billion. AU Optronics Corp had a return on equity of 17.46% and a net margin of 9.48%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) EPS. On average, analysts forecast that AU Optronics Corp will post $1.13 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on AUO shares. Zacks Investment Research raised AU Optronics Corp from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research report on Thursday, June 22nd. CLSA started coverage on AU Optronics Corp in a research report on Friday, May 19th. They set a “buy” rating on the stock. UBS AG cut AU Optronics Corp from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. Finally, BidaskClub raised AU Optronics Corp from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. AU Optronics Corp has a consensus rating of “Hold” and an average 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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