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

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target increased by equities research analysts at Benchmark from $40.00 to $42.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Benchmark’s target price would suggest a potential upside of 5.40% from the stock’s previous close.

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

Alpha and Omega Semiconductor Trading Down 4.5 %

Shares of Alpha and Omega Semiconductor stock opened at $39.85 on Thursday. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $53.29. The company’s fifty day simple moving average is $40.69 and its 200-day simple moving average is $37.56. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -59.48 and a beta of 2.47. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share (EPS) 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%. As a group, sell-side analysts expect that Alpha and Omega Semiconductor will post -0.67 EPS for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 31,004 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the transaction, the chief financial officer now owns 265,175 shares of the company’s stock, valued at $13,049,261.75. This represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bing Xue sold 875 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00. Following the transaction, the executive vice president now owns 128,986 shares in the company, valued at approximately $5,288,426. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,124 shares of company stock valued at $2,500,685 in the last three months. Corporate insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

A number of institutional investors have recently bought and sold shares of AOSL. IFP Advisors Inc boosted its position in shares of Alpha and Omega Semiconductor by 276.8% in the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 548 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Alpha and Omega Semiconductor by 47.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 291 shares during the last quarter. Larson Financial Group LLC acquired a new position in Alpha and Omega Semiconductor in the fourth quarter valued at about $38,000. Truvestments Capital LLC bought a new position in Alpha and Omega Semiconductor during the third quarter worth about $45,000. Finally, Hollencrest Capital Management acquired a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

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.