AU Optronics (NYSE:AUO) Posts Earnings Results, Meets Expectations

AU Optronics (NYSE:AUO) released its earnings results on Thursday, July 26th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04, Morningstar.com reports. The business had revenue of $75.05 billion for the quarter, compared to the consensus estimate of $72.84 billion. AU Optronics had a return on equity of 8.53% and a net margin of 5.87%. AU Optronics’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 earnings per share.

Shares of NYSE AUO opened at $4.22 on Friday. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 6.77 and a beta of 0.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.96 and a current ratio of 1.15. AU Optronics has a twelve month low of $3.77 and a twelve month high of $5.35.

The firm also recently declared an annual dividend, which was paid on Friday, July 13th. Shareholders of record on Friday, July 13th were given a dividend of $0.37 per share. This represents a yield of 9.23%. The ex-dividend date was Thursday, July 12th. AU Optronics’s dividend payout ratio (DPR) is presently 32.74%.

A number of analysts recently issued reports on AUO shares. Morgan Stanley downgraded AU Optronics from an “overweight” rating to an “equal” rating in a research report on Monday, June 18th. ValuEngine downgraded AU Optronics from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. KGI Securities raised AU Optronics from an “underperform” rating to a “neutral” rating in a research report on Thursday, July 26th. Macquarie raised AU Optronics from an “underperform” rating to a “neutral” rating in a research report on Thursday, April 26th. Finally, CLSA raised AU Optronics from an “underperform” rating to an “outperform” rating in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. AU Optronics presently has a consensus rating of “Hold”.

A number of hedge funds and other institutional investors have recently made changes to their positions in AUO. Aperio Group LLC acquired a new position in AU Optronics during the first quarter worth approximately $15,855,000. Northern Trust Corp boosted its holdings in shares of AU Optronics by 81.2% during the first quarter. Northern Trust Corp now owns 1,949,067 shares of the semiconductor company’s stock worth $8,907,000 after acquiring an additional 873,584 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of AU Optronics during the second quarter worth approximately $2,845,000. Jane Street Group LLC boosted its holdings in shares of AU Optronics by 2,525.1% during the first quarter. Jane Street Group LLC now owns 306,348 shares of the semiconductor company’s stock worth $1,400,000 after acquiring an additional 294,678 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of AU Optronics by 228.1% during the fourth quarter. Wells Fargo & Company MN now owns 415,958 shares of the semiconductor company’s stock worth $1,730,000 after acquiring an additional 289,172 shares during the period. 6.56% of the stock is currently owned by hedge funds and other institutional investors.

About AU Optronics

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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Earnings History for AU Optronics (NYSE:AUO)

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