AU Optronics (AUO) Hits New 1-Year Low at $3.65

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AU Optronics Corp (NYSE:AUO)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $3.65 and last traded at $3.62, with a volume of 48910 shares traded. The stock had previously closed at $3.72.

A number of brokerages recently issued reports on AUO. ValuEngine cut AU Optronics from a “hold” rating to a “sell” rating in a report on Monday, November 12th. CLSA cut AU Optronics from an “outperform” rating to a “sell” rating in a report on Wednesday, October 31st. Finally, Zacks Investment Research cut AU Optronics from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. AU Optronics has a consensus rating of “Hold”.

The company has a quick ratio of 0.95, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 10.71 and a beta of 0.85.

Hedge funds have recently modified their holdings of the company. Private Advisor Group LLC purchased a new position in shares of AU Optronics during the fourth quarter valued at $45,000. Virtu Financial LLC grew its holdings in shares of AU Optronics by 54.8% during the fourth quarter. Virtu Financial LLC now owns 22,978 shares of the semiconductor company’s stock valued at $91,000 after buying an additional 8,132 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of AU Optronics by 14.5% during the fourth quarter. First Trust Advisors LP now owns 30,022 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 3,792 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of AU Optronics by 8.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 35,044 shares of the semiconductor company’s stock valued at $138,000 after buying an additional 2,829 shares in the last quarter. Finally, Federated Investors Inc. PA purchased a new position in shares of AU Optronics during the third quarter valued at $181,000. Institutional investors and hedge funds own 6.67% of the company’s stock.

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AU Optronics Company Profile (NYSE:AUO)

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.

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