B. Riley Has Lowered Expectations for Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective lowered by B. Riley from $50.00 to $47.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s target price points to a potential upside of 71.91% from the company’s previous close.

A number of other brokerages have also weighed in on AOSL. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Stifel Nicolaus increased their price objective on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research report on Thursday, July 18th.

Alpha and Omega Semiconductor Stock Up 2.1 %

AOSL stock opened at $27.34 on Tuesday. The stock’s fifty day simple moving average is $35.72 and its two-hundred day simple moving average is $34.01. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03. Alpha and Omega Semiconductor has a 1-year low of $19.38 and a 1-year high of $47.45. The stock has a market cap of $793.13 million, a P/E ratio of -70.10 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The business had revenue of $181.89 million during the quarter, compared to analysts’ expectations of $180.07 million. During the same period in the prior year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Analysts expect that Alpha and Omega Semiconductor will post -0.32 EPS for the current year.

Insider Activity

In other news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $35.60, for a total transaction of $356,000.00. Following the transaction, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the sale, the director now directly owns 33,245 shares in the company, valued at $1,265,304.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Yifan Liang sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $35.60, for a total value of $356,000.00. Following the sale, the chief financial officer now owns 296,294 shares of the company’s stock, valued at $10,548,066.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,560 shares of company stock worth $562,003. 16.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently bought and sold shares of AOSL. BNP Paribas Financial Markets boosted its holdings in Alpha and Omega Semiconductor by 7.6% during the 1st quarter. BNP Paribas Financial Markets now owns 32,965 shares of the semiconductor company’s stock valued at $727,000 after acquiring an additional 2,336 shares during the period. Texas Permanent School Fund Corp boosted its holdings in Alpha and Omega Semiconductor by 3.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock valued at $442,000 after acquiring an additional 613 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Alpha and Omega Semiconductor during the 1st quarter valued at about $616,000. Sei Investments Co. boosted its holdings in Alpha and Omega Semiconductor by 51.6% during the 1st quarter. Sei Investments Co. now owns 108,301 shares of the semiconductor company’s stock valued at $2,387,000 after acquiring an additional 36,853 shares during the period. Finally, First Eagle Investment Management LLC boosted 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 during the period. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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.