Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target Raised to $50.00 at B. Riley

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its target price hoisted by stock analysts at B. Riley from $40.00 to $50.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s target price indicates a potential upside of 25.25% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Benchmark upped their target price on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Stifel Nicolaus reduced their target price on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, April 18th.

Alpha and Omega Semiconductor Stock Up 7.5 %

AOSL traded up $2.78 during trading on Thursday, reaching $39.92. The company had a trading volume of 109,206 shares, compared to its average volume of 187,312. The company has a market cap of $1.15 billion, a P/E ratio of -117.41 and a beta of 2.39. Alpha and Omega Semiconductor has a 12 month low of $19.38 and a 12 month high of $40.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23. The business’s fifty day moving average price is $30.25 and its 200 day moving average price is $26.01.

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

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $19.57, for a total value of $38,278.92. Following the completion of the transaction, the executive vice president now owns 130,082 shares in the company, valued at approximately $2,545,704.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in Alpha and Omega Semiconductor by 288.5% in the 3rd quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock worth $8,752,000 after buying an additional 217,800 shares in the last quarter. Raymond James & Associates increased its position in shares of Alpha and Omega Semiconductor by 8.5% during the 4th quarter. Raymond James & Associates now owns 19,510 shares of the semiconductor company’s stock valued at $508,000 after purchasing an additional 1,533 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Alpha and Omega Semiconductor in the 4th quarter worth approximately $294,000. Wedge Capital Management L L P NC grew its position in Alpha and Omega Semiconductor by 13.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 39,665 shares of the semiconductor company’s stock valued at $1,034,000 after acquiring an additional 4,605 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Alpha and Omega Semiconductor by 10.3% in the 4th quarter. New York State Common Retirement Fund now owns 26,323 shares of the semiconductor company’s stock worth $686,000 after acquiring an additional 2,465 shares during the last quarter. Hedge funds and other institutional investors 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.