AU Optronics Corp. (AUO) Stock Price Up 3.5%
AU Optronics Corp. (NYSE:AUO)’s share price rose 3.5% on Thursday . The stock traded as high as $4.11 and last traded at $4.09, with a volume of 458,581 shares trading hands. The stock had previously closed at $3.95.
AUO has been the topic of several research analyst reports. Zacks Investment Research lowered shares of AU Optronics Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. 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. 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, Jefferies Group lowered shares of AU Optronics Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. AU Optronics Corp. presently has an average rating of “Buy” and an average price target of $3.38.
The firm’s market cap is $3.95 billion. The company has a 50-day moving average price of $3.91 and a 200-day moving average price of $3.10.
AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.14. The business had revenue of $80.09 billion for the quarter, compared to the consensus estimate of $77.62 billion. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. On average, equities research analysts anticipate 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 position in AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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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