AU Optronics (NYSE:AUO) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

AU Optronics (NYSE:AUO) posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01, Morningstar.com reports. AU Optronics had a return on equity of 14.86% and a net margin of 9.47%. The company had revenue of $80.66 billion for the quarter, compared to the consensus estimate of $80.65 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis.

Shares of AU Optronics (NYSE AUO) traded up $0.02 on Thursday, reaching $4.76. The company’s stock had a trading volume of 99,176 shares, compared to its average volume of 1,133,120. The firm has a market cap of $4,300.00, a P/E ratio of 3.65 and a beta of 0.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.68 and a quick ratio of 1.45. AU Optronics has a 12 month low of $3.62 and a 12 month high of $5.35.

Several research analysts recently issued reports on AUO shares. Morgan Stanley upgraded AU Optronics from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 23rd. Credit Suisse Group lowered AU Optronics from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 30th. CLSA upgraded AU Optronics from an “underperform” rating to an “outperform” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research lowered AU Optronics from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold”.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in AU Optronics by 3.5% during the 4th quarter. Renaissance Technologies LLC now owns 10,543,384 shares of the semiconductor company’s stock worth $43,860,000 after purchasing an additional 356,600 shares during the period. Aperio Group LLC grew its position in shares of AU Optronics by 2.2% during the 3rd quarter. Aperio Group LLC now owns 3,097,603 shares of the semiconductor company’s stock valued at $12,514,000 after acquiring an additional 65,825 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of AU Optronics by 0.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,679,460 shares of the semiconductor company’s stock valued at $7,658,000 after acquiring an additional 8,495 shares during the period. Northern Trust Corp grew its position in shares of AU Optronics by 7.2% during the 2nd quarter. Northern Trust Corp now owns 1,243,125 shares of the semiconductor company’s stock valued at $5,668,000 after acquiring an additional 83,552 shares during the period. Finally, State Street Corp grew its position in shares of AU Optronics by 13.4% during the 2nd quarter. State Street Corp now owns 1,028,160 shares of the semiconductor company’s stock valued at $4,689,000 after acquiring an additional 121,188 shares during the period. 6.35% of the stock is currently owned by institutional investors.

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About AU Optronics

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.

Earnings History for AU Optronics (NYSE:AUO)

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