Geode Capital Management LLC Decreases Position in AU Optronics (AUO)

Geode Capital Management LLC decreased its stake in shares of AU Optronics (NYSE:AUO) by 50.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 114,190 shares of the semiconductor company’s stock after selling 114,192 shares during the period. Geode Capital Management LLC’s holdings in AU Optronics were worth $474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp purchased a new stake in AU Optronics during the 4th quarter worth about $347,000. Schroder Investment Management Group purchased a new stake in shares of AU Optronics in the 4th quarter valued at about $729,000. Teacher Retirement System of Texas purchased a new stake in shares of AU Optronics in the 4th quarter valued at about $815,000. Wells Fargo & Company MN raised its holdings in shares of AU Optronics by 228.1% in the 4th quarter. Wells Fargo & Company MN now owns 415,958 shares of the semiconductor company’s stock valued at $1,730,000 after acquiring an additional 289,172 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of AU Optronics by 7.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 906,109 shares of the semiconductor company’s stock valued at $3,661,000 after acquiring an additional 62,100 shares in the last quarter. 6.58% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. CLSA raised AU Optronics from an “underperform” rating to an “outperform” rating in a report on Wednesday, January 24th. Macquarie raised AU Optronics from an “underperform” rating to a “neutral” rating in a report on Thursday, April 26th. Morgan Stanley raised AU Optronics from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 23rd. Zacks Investment Research cut AU Optronics from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Finally, Credit Suisse Group cut AU Optronics from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 30th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold”.

Shares of NYSE AUO traded down $0.12 during trading hours on Wednesday, reaching $4.21. 1,826,301 shares of the stock traded hands, compared to its average volume of 1,122,537. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 3.73 and a beta of 0.81. The company has a current ratio of 1.63, a quick ratio of 1.40 and a debt-to-equity ratio of 0.41. AU Optronics has a 52-week low of $4.22 and a 52-week high of $4.32.

AU Optronics Profile

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 (TVs), 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, medical equipment, and others.

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

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