Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target Raised to $42.00 at Benchmark

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective upped by equities researchers at Benchmark from $40.00 to $42.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price target suggests a potential downside of 2.40% from the company’s previous close.

Several other equities research analysts also recently weighed in on AOSL. B. Riley cut their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Stifel Nicolaus cut their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Down 0.7 %

AOSL traded down $0.30 during mid-day trading on Thursday, hitting $43.03. 1,113,101 shares of the stock were exchanged, compared to its average volume of 621,485. The firm’s fifty day moving average is $40.58 and its two-hundred day moving average is $37.53. Alpha and Omega Semiconductor has a 1-year low of $19.38 and a 1-year high of $53.29. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.25 billion, a PE ratio of -64.11 and a beta of 2.47.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. Equities analysts forecast that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Bing Xue sold 875 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total value of $35,875.00. Following the completion of the sale, the executive vice president now directly owns 128,986 shares of the company’s stock, valued at $5,288,426. This represents a 0.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Claudia Chen sold 5,623 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $51.27, for a total value of $288,291.21. Following the completion of the sale, the director now directly owns 26,572 shares of the company’s stock, valued at approximately $1,362,346.44. This trade represents a 17.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,124 shares of company stock worth $2,500,685. 16.90% of the stock is currently owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in Alpha and Omega Semiconductor by 276.8% during the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 548 shares during the period. Truvestments Capital LLC acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth approximately $45,000. Hollencrest Capital Management acquired a new stake in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at approximately $56,000. Farther Finance Advisors LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 10,937.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 1,750 shares during the period. Finally, Eastern Bank acquired a new stake in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at approximately $174,000. 78.97% of the stock is owned by institutional investors and hedge funds.

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.