AU Optronics Corp. (AUO) Shares Down 1.2%
AU Optronics Corp. (NYSE:AUO)’s share price traded down 1.2% during mid-day trading on Monday . The stock traded as low as $3.94 and last traded at $4.00, with a volume of 626,488 shares changing hands. The stock had previously closed at $4.05.
Several equities analysts have recently issued reports on the stock. Jefferies Group lowered shares of AU Optronics Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a report on Wednesday, July 20th. Bank of America Corp. upgraded 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 upgraded shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $3.38.
The firm has a 50-day moving average price of $3.95 and a 200 day moving average price of $3.12. The stock’s market capitalization is $3.86 billion.
AU Optronics Corp. (NYSE:AUO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. During the same period last year, the firm posted $0.47 EPS. The business had revenue of $80.09 billion for the quarter, compared to analyst estimates of $77.62 billion. AU Optronics Corp.’s quarterly revenue was down 13.2% on a year-over-year basis. Equities research analysts anticipate 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 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 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 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.