Arrowstreet Capital Limited Partnership lowered its stake in AU Optronics Corp (NYSE:AUO) by 23.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,872,001 shares of the semiconductor company’s stock after selling 892,036 shares during the period. Arrowstreet Capital Limited Partnership owned 0.30% of AU Optronics Corp worth $13,096,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in AU Optronics Corp by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 11,704,659 shares of the semiconductor company’s stock worth $44,712,000 after acquiring an additional 1,192,399 shares during the period. Renaissance Technologies LLC grew its holdings in AU Optronics Corp by 22.7% during the 2nd quarter. Renaissance Technologies LLC now owns 10,440,384 shares of the semiconductor company’s stock worth $47,608,000 after acquiring an additional 1,929,700 shares during the period. Acadian Asset Management LLC grew its holdings in AU Optronics Corp by 1.7% during the 2nd quarter. Acadian Asset Management LLC now owns 5,772,066 shares of the semiconductor company’s stock worth $26,321,000 after acquiring an additional 98,606 shares during the period. Aperio Group LLC grew its holdings in AU Optronics Corp by 38.0% during the 2nd quarter. Aperio Group LLC now owns 3,031,778 shares of the semiconductor company’s stock worth $13,825,000 after acquiring an additional 834,713 shares during the period. Finally, Morgan Stanley grew its holdings in AU Optronics Corp by 690.1% during the 1st quarter. Morgan Stanley now owns 2,586,406 shares of the semiconductor company’s stock worth $9,880,000 after acquiring an additional 2,259,044 shares during the period. 7.44% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. BidaskClub lowered shares of AU Optronics Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine raised shares of AU Optronics Corp from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Drexel Hamilton reissued a “hold” rating on shares of AU Optronics Corp in a report on Tuesday, August 8th. Zacks Investment Research raised shares of AU Optronics Corp from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, 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. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. AU Optronics Corp currently has an average rating of “Hold”.

Shares of AU Optronics Corp (AUO) traded down 0.25% during trading on Thursday, hitting $4.06. 101,517 shares of the stock traded hands. AU Optronics Corp has a 1-year low of $3.44 and a 1-year high of $4.95. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 3.41 and a beta of 0.46. The firm has a 50-day moving average of $4.09 and a 200-day moving average of $4.02.

AU Optronics Corp (NYSE:AUO) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.34 earnings per share 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 firm had revenue of $84.41 billion for the quarter, compared to analyst estimates of $87.09 billion. During the same quarter last year, the company earned ($0.06) earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that AU Optronics Corp will post $1.13 earnings per share for the current year.

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

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