AU Optronics Corp. (AUO) Trading 2.6% Higher
Shares of AU Optronics Corp. (NYSE:AUO) traded up 2.6% during mid-day trading on Wednesday . The company traded as high as $3.53 and last traded at $3.50, with a volume of 472,954 shares. The stock had previously closed at $3.41.
A number of analysts have recently issued reports on the company. Credit Suisse Group AG upgraded AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. Zacks Investment Research upgraded AU Optronics Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, Citigroup Inc. upgraded AU Optronics Corp. from a “sell” rating to a “buy” rating in a report on Thursday, April 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3.38.
The firm has a 50-day moving average price of $2.97 and a 200-day moving average price of $2.81. The company’s market capitalization is $3.39 billion.
AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.29. During the same period in the prior year, the company posted $0.54 earnings per share. The business earned $71.14 billion during the quarter, compared to analysts’ expectations of $2.23 billion. The firm’s revenue was down 25.4% on a year-over-year basis. On average, equities analysts forecast that AU Optronics Corp. will post ($0.05) earnings per share for the current year.
A hedge fund recently raised its stake in AU Optronics Corp. stock. Dimensional Fund Advisors LP raised its stake in AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,955,113 shares of the company’s stock after buying an additional 308,202 shares during the period. Dimensional Fund Advisors LP owned approximately 1.87% of AU Optronics Corp. worth $52,251,000 as of its most recent filing with the SEC.
Au Optronics Corp. is engaged in the research, development, production and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays used in a range of applications. The Company is also engaged in the production and sale of solar photovoltaic (PV) modules and systems.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.