AU Optronics Corp. (AUO) Trading Down 1.8%
AU Optronics Corp. (NYSE:AUO)’s share price fell 1.8% during mid-day trading on Friday . The company traded as low as $3.89 and last traded at $3.90, with a volume of 712,605 shares traded. The stock had previously closed at $3.97.
A number of brokerages have recently issued reports on AUO. Zacks Investment Research raised AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Wednesday. Bank of America Corp. raised AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 19th. Credit Suisse Group AG raised AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 29th. Finally, Citigroup Inc. raised AU Optronics Corp. from a “sell” rating to a “buy” rating in a research note on Thursday, April 7th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $3.69.
The company’s market cap is $3.77 billion. The company’s 50 day moving average price is $3.19 and its 200 day moving average price is $2.86.
AU Optronics Corp. (NYSE:AUO) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.29. The firm had revenue of $71.14 billion for the quarter, compared to the consensus estimate of $2.23 billion. AU Optronics Corp.’s quarterly revenue was down 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 earnings per share. On average, equities analysts forecast 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 raised its position in shares of AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 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.