AU Optronics Corp. (AUO) Shares Up 3.3%
AU Optronics Corp. (NYSE:AUO) shot up 3.3% during trading on Thursday . The stock traded as high as $4.04 and last traded at $4.03, with a volume of 684,914 shares changing hands. The stock had previously closed at $3.90.
Several research firms recently commented on AUO. Zacks Investment Research raised AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Wednesday. Bank of America Corp. raised AU Optronics Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday. Credit Suisse Group AG upgraded AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 29th. Finally, Citigroup Inc. upgraded AU Optronics Corp. from a “sell” rating to a “buy” rating in a research report on Thursday, April 7th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $3.69.
The stock’s market capitalization is $3.77 billion. The company has a 50-day moving average of $3.19 and a 200-day moving average of $2.86.
AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.29. During the same period last year, the firm earned $0.54 EPS. The firm had revenue of $71.14 billion for the quarter, compared to analysts’ expectations of $2.23 billion. AU Optronics Corp.’s revenue was down 25.4% compared to the same quarter last year. Equities research analysts predict that AU Optronics Corp. will post ($0.04) EPS for the current year.
A hedge fund recently raised its stake in AU Optronics Corp. stock. Dimensional Fund Advisors LP boosted its stake in AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent 13F filing 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 about 1.87% of AU Optronics Corp. worth $52,251,000 at the end of the most recent quarter.
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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