AU Optronics Corp. (AUO) Shares Up 2.6%
AU Optronics Corp. (NYSE:AUO)’s share price shot up 2.6% during 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 brokerages have commented on AUO. Zacks Investment Research cut shares of AU Optronics Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. Citigroup Inc. raised shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a research note on Thursday, April 7th. Finally, Credit Suisse Group AG raised shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 29th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. AU Optronics Corp. has an average rating of “Hold” and an average target price of $3.38.
The company has a 50-day moving average price of $3.02 and a 200-day moving average price of $2.82. The stock’s market capitalization is $3.40 billion.
AU Optronics Corp. (NYSE:AUO) last announced its earnings results on Thursday, April 28th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.29. The company had revenue of $71.14 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the business earned $0.54 EPS. The company’s quarterly revenue was down 25.4% compared to the same quarter last year. Equities analysts predict 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 shares of AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 1.87% of AU Optronics Corp. worth $52,251,000 at the end of the most recent reporting period.
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.
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