Wells Fargo & Company MN Buys 289,172 Shares of AU Optronics (AUO)

Wells Fargo & Company MN grew its stake in shares of AU Optronics (NYSE:AUO) by 228.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 415,958 shares of the semiconductor company’s stock after purchasing an additional 289,172 shares during the quarter. Wells Fargo & Company MN’s holdings in AU Optronics were worth $1,730,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its stake in shares of AU Optronics by 24.8% in the third quarter. Allianz Asset Management GmbH now owns 265,962 shares of the semiconductor company’s stock worth $1,074,000 after acquiring an additional 52,817 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of AU Optronics by 7.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 977,409 shares of the semiconductor company’s stock worth $4,067,000 after acquiring an additional 71,300 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of AU Optronics in the fourth quarter worth about $815,000. Institutional investors and hedge funds own 6.24% of the company’s stock.

How to Become a New Pot Stock Millionaire

NYSE:AUO opened at $4.34 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.41 and a current ratio of 1.63. AU Optronics has a one year low of $3.62 and a one year high of $5.35. The stock has a market capitalization of $4,282.79, a P/E ratio of 4.01 and a beta of 0.81.

AU Optronics (NYSE:AUO) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. AU Optronics had a return on equity of 15.28% and a net margin of 9.47%. The business had revenue of $80.66 billion for the quarter, compared to analysts’ expectations of $80.65 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was down 12.2% compared to the same quarter last year. equities research analysts predict that AU Optronics will post 0.09 earnings per share for the current year.

Several research analysts recently commented on the company. CLSA upgraded AU Optronics from an “underperform” rating to an “outperform” rating in a research note on Wednesday, January 24th. Morgan Stanley upgraded AU Optronics from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 23rd. Zacks Investment Research cut AU Optronics from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Finally, Credit Suisse Group cut AU Optronics from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold”.

TRADEMARK VIOLATION WARNING: This report was first posted by Week Herald and is the property of of Week Herald. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://weekherald.com/2018/04/17/wells-fargo-company-mn-buys-289172-shares-of-au-optronics-auo.html.

About AU Optronics

AU Optronics Corp. researches, develops, produces, and sells thin film transistor liquid crystal displays and other flat panel displays. The company operates through two segments, Display and Solar. The Display segment designs, develops, manufactures, assembles, and markets flat panel displays for use in televisions, TV sets, and other related products; desktop monitors; mobile PCs, such as notebooks and tablets; mobile phones; and commercial and other applications, including displays for automobiles, industrial PCs, automated teller machines, point of sale terminals, pachinko machines, and others.

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

Receive News & Ratings for AU Optronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AU Optronics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply