AU Optronics Corp. (AUO) Stock Price Up 3.5%
AU Optronics Corp. (NYSE:AUO) shares rose 3.5% on Thursday . The company 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 subject of a number of analyst reports. Bank of America Corp. raised AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Credit Suisse Group AG upgraded AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 29th. Zacks Investment Research upgraded AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research note on Wednesday, July 20th. Finally, Jefferies Group downgraded AU Optronics Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. AU Optronics Corp. has a consensus rating of “Buy” and an average price target of $3.38.
The stock has a 50-day moving average price of $3.95 and a 200-day moving average price of $3.12. The stock’s market cap is $3.90 billion.
AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. The firm earned $80.09 billion during the quarter, compared to analysts’ expectations of $77.62 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. Analysts predict that AU Optronics Corp. will post $0.09 earnings per share for the current year.
A hedge fund recently raised its stake in AU Optronics Corp. stock. Dimensional Fund Advisors LP boosted 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 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 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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