AU Optronics Corp. (AUO) Trading Up 3.3%
AU Optronics Corp. (NYSE:AUO)’s share price was up 3.3% during mid-day trading on Thursday . The stock traded as high as $4.04 and last traded at $4.03, with a volume of 684,914 shares trading hands. The stock had previously closed at $3.90.
Several equities analysts recently issued reports on AUO shares. Citigroup Inc. raised shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a report on Thursday, April 7th. Zacks Investment Research lowered shares of AU Optronics Corp. from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Credit Suisse Group AG upgraded shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 29th. Finally, Bank of America Corp. upgraded shares of AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. AU Optronics Corp. currently has a consensus rating of “Buy” and a consensus target price of $3.69.
The company has a 50 day moving average of $3.13 and a 200-day moving average of $2.85. The company’s market capitalization is $3.82 billion.
AU Optronics Corp. (NYSE:AUO) last issued its quarterly earnings data 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 company posted $0.54 earnings per share. The company earned $71.14 billion during the quarter, compared to analyst estimates of $2.23 billion. The business’s revenue was down 25.4% compared to the same quarter last year. Analysts predict that AU Optronics Corp. will post ($0.04) EPS 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 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 approximately 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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