Benchmark Reaffirms “Buy” Rating for Alpha and Omega Semiconductor (NASDAQ:AOSL)

Alpha and Omega Semiconductor (NASDAQ:AOSL)‘s stock had its “buy” rating reiterated by investment analysts at Benchmark in a note issued to investors on Wednesday,Benzinga reports. They currently have a $40.00 price target on the semiconductor company’s stock. Benchmark’s target price would indicate a potential upside of 46.84% from the stock’s previous close.

AOSL has been the topic of several other reports. Stifel Nicolaus raised their price objective on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a research report on Thursday, July 18th. B. Riley lowered their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, StockNews.com downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday.

Alpha and Omega Semiconductor Stock Down 0.4 %

NASDAQ AOSL opened at $27.24 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 2.58 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $35.44 and its 200 day moving average price is $33.96. Alpha and Omega Semiconductor has a 12 month low of $19.38 and a 12 month high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $181.89 million during the quarter, compared to analysts’ expectations of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. Sell-side analysts anticipate that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Yifan Liang sold 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the sale, the chief financial officer now owns 296,294 shares in the company, valued at approximately $10,548,066.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,560 shares of company stock worth $562,003. Company insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in AOSL. Point72 Asset Management L.P. acquired a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at about $8,389,000. The Manufacturers Life Insurance Company lifted its stake in shares of Alpha and Omega Semiconductor by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after purchasing an additional 169,619 shares during the period. Millennium Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 867.6% in the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after purchasing an additional 123,093 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Alpha and Omega Semiconductor by 101.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after acquiring an additional 100,591 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in Alpha and Omega Semiconductor by 18.9% during the 1st quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after acquiring an additional 71,000 shares in the last quarter. 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.