AU Optronics Corp. (AUO) Hits New 1-Year High at $3.94
AU Optronics Corp. (NYSE:AUO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $3.94 and last traded at $3.86, with a volume of 1,437,238 shares changing hands. The stock had previously closed at $3.69.
A number of brokerages have recently weighed in on AUO. 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 report on Wednesday. Citigroup Inc. upgraded AU Optronics Corp. from a “sell” rating to a “buy” rating in a report on Thursday, April 7th. Bank of America Corp. upgraded AU Optronics Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday. Finally, Credit Suisse Group AG upgraded AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $3.69.
The company’s 50 day moving average is $3.13 and its 200 day moving average is $2.85. The stock’s market capitalization is $3.75 billion.
AU Optronics Corp. (NYSE:AUO) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.29. The firm earned $71.14 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the business earned $0.54 EPS. AU Optronics Corp.’s revenue was down 25.4% on a year-over-year basis. Equities analysts expect that AU Optronics Corp. will post ($0.04) earnings per share for the current year.
A hedge fund recently raised its stake in AU Optronics Corp. stock. Dimensional Fund Advisors LP increased its position in AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent filing with the 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 1.87% of AU Optronics Corp. worth $52,251,000 as of its most recent SEC filing.
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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