AU Optronics Corp. (AUO) Trading Down 2.6%
Shares of AU Optronics Corp. (NYSE:AUO) fell 2.6% on Thursday . The company traded as low as $4.07 and last traded at $4.09, with a volume of 247,351 shares traded. The stock had previously closed at $4.20.
A number of research firms have recently weighed in on AUO. Jefferies Group downgraded shares of AU Optronics Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Zacks Investment Research raised shares of AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Wednesday, July 20th. Bank of America Corp. raised shares of AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Finally, Credit Suisse Group AG raised shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $3.38.
The company’s market cap is $3.95 billion. The stock’s 50-day moving average is $3.73 and its 200-day moving average is $3.01.
AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. The business had revenue of $80.09 billion for the quarter, compared to the consensus estimate of $77.62 billion. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 EPS. On average, equities analysts forecast that AU Optronics Corp. will post $0.09 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in AU Optronics Corp. stock. Dimensional Fund Advisors LP boosted its position in shares of AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent Form 13F 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 about 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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