Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target Raised to $40.00 at B. Riley

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target upped by B. Riley from $35.00 to $40.00 in a research note published on Thursday, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

AOSL has been the topic of several other research reports. StockNews.com raised Alpha and Omega Semiconductor from a sell rating to a hold rating in a research note on Wednesday, March 6th. Stifel Nicolaus decreased their price target on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a sell rating on the stock in a research note on Thursday, April 18th.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL opened at $32.54 on Thursday. The stock’s fifty day moving average is $26.11 and its two-hundred day moving average is $24.80. The firm has a market capitalization of $933.90 million, a P/E ratio of -95.71 and a beta of 2.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 2.47. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $36.50.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.10. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. The business had revenue of $150.10 million for the quarter, compared to analyst estimates of $150.13 million. During the same quarter in the prior year, the company posted ($0.59) EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, research analysts anticipate that Alpha and Omega Semiconductor will post -0.19 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Bing Xue sold 1,956 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $19.57, for a total transaction of $38,278.92. Following the transaction, the executive vice president now owns 130,082 shares of the company’s stock, valued at approximately $2,545,704.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 17.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently bought and sold shares of AOSL. Algert Global LLC purchased a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $975,000. The Manufacturers Life Insurance Company increased its holdings in Alpha and Omega Semiconductor by 24.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,005,929 shares of the semiconductor company’s stock worth $30,017,000 after purchasing an additional 198,291 shares during the period. Wellington Management Group LLP increased its holdings in Alpha and Omega Semiconductor by 288.5% during the 3rd quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock worth $8,752,000 after purchasing an additional 217,800 shares during the period. BNP Paribas Financial Markets increased its holdings in Alpha and Omega Semiconductor by 32.1% during the 4th quarter. BNP Paribas Financial Markets now owns 30,629 shares of the semiconductor company’s stock worth $798,000 after purchasing an additional 7,439 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in Alpha and Omega Semiconductor by 10.3% during the 4th quarter. New York State Common Retirement Fund now owns 26,323 shares of the semiconductor company’s stock worth $686,000 after purchasing an additional 2,465 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.