AU Optronics Corp (NYSE:AUO) shares shot up 4.8% during trading on Wednesday . The company traded as high as $2.73 and last traded at $2.85, 49,833 shares changed hands during trading. A decline of 93% from the average session volume of 727,661 shares. The stock had previously closed at $2.72.

Several research firms have weighed in on AUO. Zacks Investment Research raised AU Optronics from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th. HSBC upgraded AU Optronics from a “reduce” rating to a “hold” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $3.25.

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.56. The stock has a market capitalization of $2.47 billion, a PE ratio of 8.38 and a beta of 0.73. The company’s fifty day simple moving average is $2.48 and its two-hundred day simple moving average is $3.08.

AU Optronics (NYSE:AUO) last announced its quarterly earnings results on Thursday, July 25th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.09. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $70.06 billion. AU Optronics had a negative net margin of 0.59% and a negative return on equity of 0.81%. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Sell-side analysts forecast that AU Optronics Corp will post -0.37 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in AUO. Private Advisor Group LLC purchased a new position in AU Optronics in the 2nd quarter valued at about $31,000. Millennium Management LLC lifted its stake in shares of AU Optronics by 38.1% in the 4th quarter. Millennium Management LLC now owns 20,088 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 5,538 shares in the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of AU Optronics by 23.4% during the 2nd quarter. Cornerstone Advisors Inc. now owns 30,352 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 5,746 shares in the last quarter. Corient Capital Partners LLC purchased a new stake in shares of AU Optronics in the first quarter worth about $104,000. Finally, First Trust Advisors LP grew its position in AU Optronics by 33.9% in the second quarter. First Trust Advisors LP now owns 39,867 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 10,083 shares in the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.

About AU Optronics (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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