Shares last traded at $4.23 which is slightly above the 50 day moving average of $4.01 and which is a tad above the 200 day moving average of $3.94. The 50 day moving average went up $0.22 or +5.43% and the 200 day average went up by +7.38%. 1,794K shares changed hands by the end of trading on Thursday. Volume was up 183.50% over the stocks average daily volume.
Here are a few additional firms who have increased or decreased their stake in (AUO). As of quarter end Goldman Sachs Group Inc had bought 63,938 shares growing its stake by 42.8%. The value of the investment in AUO increased from $529,000 to $815,000 increasing 54.1% for the reporting period. As of the end of the quarter Two Sigma Investments, Lp had acquired a total of 454,413 shares growing its holdings by 71.6%. The value of the investment in AU Optronics Corp American Depo went from $2,246,000 to $4,159,000 a change of $1,913,000 quarter over quarter.
As of the end of the quarter State Street Corp had acquired 41,210 shares growing its position 4.8%. The value of the company’s investment in AU Optronics Corp American Depo increased from $3,064,000 to $3,464,000 a change of 13.1% since the last quarter. Schwab Charles Investment Management Inc grew its stake by buying 58,241 shares an increase of 9.1% in the quarter. Schwab Charles Investment Management Inc claims 701,409 shares with a value of $2,680,000. The value of the position overall is up by 17.7%.
On October 28 the company was set at “Neutral” by Nomura which was a cut from the previous “” rating. On September 9, 2016 the stock rating was rated “Market Perform” according to a Bernstein report a cut from the previous “Outperform” rating.
On July 19 the company was upgraded to “Buy” from “” in an announcement from Bank of America. On June 29 the stock rating was upgraded from “” to “Outperform” by Credit Suisse.
On April 7, 2016 the stock rating was changed to a “Sell” in a report from Citigroup up from the previous “Buy” rating. On March 3 the company was set at “Sell” by UBS which is down from the previous “Neutral” rating.
The company is so far trading down from yesterday’s close of $4.3. The P/E ratio is 5.04 and the market cap is 4.07B. As of the latest earnings report the EPS was $0.84 and is expected to be $1.06 for the current year with 962,424,000 shares presently outstanding. Next quarter’s EPS is expected be $0.26 with next year’s EPS projected to be $0.71.
AU Optronics Corp., launched on August 12, 1996, 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. Its panels are primarily used in televisions, monitors, mobile personal computers (PCs), mobile devices and commercial and other applications (such as displays for automobiles, industrial PCs, automated teller machines, point of sale terminals and pachinko machines). Through Solar business segment, the Company is capable of manufacturing upstream and midstream products, such as ingots, solar wafers and solar cells..Advertisement