Wetherby Asset Management Inc. trimmed its position in AU Optronics Corp (NYSE:AUO) by 20.5% in the third quarter, Holdings Channel reports. The firm owned 34,577 shares of the semiconductor company’s stock after selling 8,905 shares during the quarter. Wetherby Asset Management Inc.’s holdings in AU Optronics were worth $85,000 as of its most recent SEC filing.
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A number of other large investors have also recently bought and sold shares of AUO. Private Advisor Group LLC acquired a new position in AU Optronics in the second quarter valued at approximately $31,000. Cornerstone Advisors Inc. boosted its stake in AU Optronics by 23.4% in the second 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 during the period. Corient Capital Partners LLC boosted its stake in AU Optronics by 34.1% in the second quarter. Corient Capital Partners LLC now owns 38,321 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 9,741 shares during the period. First Trust Advisors LP boosted its stake 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 during the period. Finally, Macquarie Group Ltd. boosted its stake in AU Optronics by 1,197.1% in the second quarter. Macquarie Group Ltd. now owns 88,850 shares of the semiconductor company’s stock valued at $263,000 after acquiring an additional 82,000 shares during the period. Institutional investors and hedge funds own 6.60% of the company’s stock.
Separately, Zacks Investment Research downgraded AU Optronics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st.
Shares of AUO traded down $0.03 during mid-day trading on Friday, reaching $2.44. 6,784,477 shares of the company’s stock traded hands, compared to its average volume of 2,431,099. The business’s 50-day moving average price is $2.48 and its 200-day moving average price is $2.75. The stock has a market capitalization of $2.38 billion, a P/E ratio of 7.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.56. AU Optronics Corp has a 12 month low of $2.16 and a 12 month high of $4.29.
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.
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