AU Optronics Corp. (AUO) Reaches New 1-Year High at $3.94
AU Optronics Corp. (NYSE:AUO) reached a new 52-week high on Tuesday . The company traded as high as $3.94 and last traded at $3.86, with a volume of 1,437,238 shares trading hands. The stock had previously closed at $3.69.
A number of equities research analysts recently weighed in on the stock. Citigroup Inc. raised shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a report on Thursday, April 7th. Zacks Investment Research raised shares of AU Optronics Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 28th. Credit Suisse Group AG raised shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. Finally, Bank of America Corp. raised shares of AU Optronics Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. AU Optronics Corp. presently has a consensus rating of “Hold” and an average price target of $3.38.
The firm has a 50-day moving average of $3.07 and a 200 day moving average of $2.83. The company’s market capitalization is $3.73 billion.
AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.18 EPS for the quarter, beating the Zacks’ 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 in the previous year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was down 25.4% on a year-over-year basis. On average, equities research analysts predict that AU Optronics Corp. will post ($0.05) earnings per share for the current year.
An institutional investor recently raised its position in AU Optronics Corp. stock. Dimensional Fund Advisors LP raised its position in shares of AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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 about 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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