AU Optronics Corp. (AUO) Shares Up 2.8%
Shares of AU Optronics Corp. (NYSE:AUO) shot up 2.8% during trading on Tuesday . The stock traded as high as $4.03 and last traded at $4.03, with a volume of 642,980 shares trading hands. The stock had previously closed at $3.92.
Several brokerages recently commented on AUO. Jefferies Group downgraded shares of AU Optronics Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Zacks Investment Research raised shares of AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a report on Wednesday, July 20th. Bank of America Corp. raised shares of AU Optronics Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, July 19th. Finally, 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $3.38.
The stock has a 50-day moving average price of $3.79 and a 200-day moving average price of $3.03. The firm’s market cap is $3.85 billion.
AU Optronics Corp. (NYSE:AUO) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.14. The firm earned $80.09 billion during the quarter, compared to the consensus estimate of $77.62 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business’s revenue was down 13.2% compared to the same quarter last year. On average, analysts expect that AU Optronics Corp. will post $0.09 EPS for the current year.
An institutional investor recently raised its position in AU Optronics Corp. stock. Dimensional Fund Advisors LP boosted 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. 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 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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