AU Optronics Corp. (AUO) Shares Gap Up to $3.54
AU Optronics Corp. (NYSE:AUO) gapped up before the market opened on Monday . The stock had previously closed at $3.44, but opened at $3.54. AU Optronics Corp. shares last traded at $3.69, with a volume of 263,246 shares traded.
A number of equities research analysts have commented on AUO shares. 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. Citigroup Inc. raised shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a research note on Thursday, April 7th. Finally, Zacks Investment Research raised shares of AU Optronics Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $3.38.
The firm’s 50 day moving average price is $3.07 and its 200 day moving average price is $2.83. The stock’s market cap is $3.55 billion.
AU Optronics Corp. (NYSE:AUO) last issued its earnings results on Thursday, April 28th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.29. During the same quarter in the prior year, the business earned $0.54 EPS. The company earned $71.14 billion during the quarter, compared to the consensus estimate of $2.23 billion. The firm’s revenue for the quarter was down 25.4% compared to the same quarter last year. Analysts predict that AU Optronics Corp. will post ($0.05) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in AU Optronics Corp. stock. Dimensional Fund Advisors LP increased its stake in 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 1.87% of AU Optronics Corp. worth $52,251,000 as of its most recent filing with the SEC.
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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