Shares of AU Optronics Corp. (NYSE:AUO) dropped 3.5% on Wednesday . The company traded as low as $3.90 and last traded at $3.91, with a volume of 306,226 shares traded. The stock had previously closed at $4.05.

AUO has been the subject of a number of recent analyst reports. 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 for the company in a research 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 research 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 research report on Wednesday, June 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. AU Optronics Corp. currently has an average rating of “Buy” and an average price target of $3.38.

The firm’s market capitalization is $3.82 billion. The company has a 50-day moving average price of $3.87 and a 200-day moving average price of $3.06.

AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. During the same quarter last year, the company earned $0.47 earnings per share. The company earned $80.09 billion during the quarter, compared to the consensus estimate of $77.62 billion. The business’s revenue was down 13.2% on a year-over-year basis. On average, analysts forecast that AU Optronics Corp. will post $0.09 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 shares of AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 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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