B. Riley Boosts Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target to $40.00

Alpha and Omega Semiconductor (NASDAQ:AOSLFree Report) had its price objective boosted by B. Riley from $35.00 to $40.00 in a research note published on Thursday, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

AOSL has been the topic of a number of other reports. StockNews.com raised shares of Alpha and Omega Semiconductor from a sell rating to a hold rating in a report on Wednesday, March 6th. Stifel Nicolaus reduced their price objective on shares of 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.

View Our Latest Stock Report on AOSL

Alpha and Omega Semiconductor Price Performance

AOSL stock opened at $32.49 on Thursday. The company has a 50 day simple moving average of $26.33 and a 200 day simple moving average of $24.89. The stock has a market cap of $932.46 million, a price-to-earnings ratio of -95.56 and a beta of 2.33. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $36.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.59) EPS. Research analysts anticipate that Alpha and Omega Semiconductor will post -0.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Bing Xue sold 1,956 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $19.57, for a total transaction of $38,278.92. Following the transaction, the executive vice president now directly owns 130,082 shares of the company’s stock, valued at $2,545,704.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 17.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in Alpha and Omega Semiconductor by 288.5% during the third 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 during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Alpha and Omega Semiconductor by 24.6% during the third quarter. The Manufacturers Life Insurance Company now owns 1,005,929 shares of the semiconductor company’s stock worth $30,017,000 after buying an additional 198,291 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after buying an additional 100,591 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in shares of Alpha and Omega Semiconductor by 46.8% in the first quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company’s stock valued at $6,516,000 after purchasing an additional 94,196 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Alpha and Omega Semiconductor by 18.9% in the first quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after purchasing an additional 71,000 shares during the last quarter. 78.97% of the stock is owned by institutional investors.

About Alpha and Omega Semiconductor

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Alpha and Omega Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha and Omega Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.