AU Optronics Corp. (AUO) Sets New 12-Month High at $4.32
AU Optronics Corp. (NYSE:AUO) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.32 and last traded at $4.31, with a volume of 852,647 shares. The stock had previously closed at $4.15.
Several research analysts have recently issued reports on the company. Jefferies Group cut AU Optronics Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Zacks Investment Research raised AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Wednesday, July 20th. Bank of America Corp. raised AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Credit Suisse Group AG raised AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 29th. Finally, Citigroup Inc. raised AU Optronics Corp. from a “sell” rating to a “buy” rating in a research report on Thursday, April 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. AU Optronics Corp. currently has a consensus rating of “Buy” and an average price target of $3.58.
The stock’s market capitalization is $4.17 billion. The stock’s 50 day moving average price is $3.52 and its 200 day moving average price is $2.95.
AU Optronics Corp. (NYSE:AUO) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. During the same period last year, the business earned $0.47 earnings per share. The company earned $80.09 billion during the quarter, compared to analysts’ expectations of $77.62 billion. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. Equities analysts anticipate that AU Optronics Corp. will post $0.09 earnings per share for the current year.
An institutional investor recently raised its position in AU Optronics Corp. stock. Dimensional Fund Advisors LP increased its stake in shares of 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 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.
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