Alpha and Omega Semiconductor (NASDAQ:AOSL) Sets New 52-Week High After Analyst Upgrade

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price reached a new 52-week high during mid-day trading on Friday after B. Riley raised their price target on the stock from $40.00 to $50.00. B. Riley currently has a buy rating on the stock. Alpha and Omega Semiconductor traded as high as $43.46 and last traded at $43.29, with a volume of 408987 shares trading hands. The stock had previously closed at $39.62.

Several other analysts have also issued reports on AOSL. Stifel Nicolaus dropped their price objective 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. Benchmark upped their price objective on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, June 28th.

Insider Transactions at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,956 shares of the stock in a transaction that occurred on 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 in the company, valued at $2,545,704.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 17.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. increased its stake 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 worth $4,394,000 after acquiring an additional 100,591 shares during the period. Public Employees Retirement System of Ohio increased its stake in Alpha and Omega Semiconductor by 51.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 21,993 shares of the semiconductor company’s stock worth $485,000 after acquiring an additional 7,453 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Alpha and Omega Semiconductor by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock worth $433,000 after acquiring an additional 893 shares during the period. Vanguard Group Inc. increased its stake in Alpha and Omega Semiconductor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after acquiring an additional 40,183 shares during the period. Finally, First Eagle Investment Management LLC increased its stake 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 worth $9,842,000 after acquiring an additional 71,000 shares during the period. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Performance

The stock has a 50 day simple moving average of $30.93 and a 200 day simple moving average of $26.18. The company has a current ratio of 2.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.24 billion, a P/E ratio of -127.74 and a beta of 2.39.

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

About Alpha and Omega Semiconductor

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.