Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) had its price target raised by equities research analysts at B. Riley from $30.00 to $35.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. B. Riley's target price suggests a potential upside of 26.63% from the stock's previous close.
Other equities analysts have also issued research reports about the company. Benchmark cut their target price on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Wall Street Zen raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Sunday, May 11th. Finally, Stifel Nicolaus cut their target price on Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, April 17th.
Get Our Latest Research Report on AOSL
Alpha and Omega Semiconductor Stock Performance
Shares of AOSL traded down $0.40 during trading hours on Friday, reaching $27.64. 289,773 shares of the company's stock traded hands, compared to its average volume of 511,925. The business's fifty day simple moving average is $23.72 and its two-hundred day simple moving average is $28.03. The firm has a market capitalization of $813.17 million, a price-to-earnings ratio of -35.44 and a beta of 2.11. Alpha and Omega Semiconductor has a twelve month low of $15.90 and a twelve month high of $53.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.57 and a quick ratio of 1.36.
Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 0.28% and a negative net margin of 3.33%. The business had revenue of $164.60 million during the quarter, compared to analyst estimates of $157.23 million. During the same period in the previous year, the company earned ($0.04) EPS. The firm's revenue was up 9.7% on a year-over-year basis. Analysts predict that Alpha and Omega Semiconductor will post -0.82 earnings per share for the current year.
Insider Buying and Selling at Alpha and Omega Semiconductor
In related news, EVP Bing Xue sold 1,845 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $23.73, for a total value of $43,781.85. Following the sale, the executive vice president owned 130,951 shares in the company, valued at $3,107,467.23. This represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 16.90% of the stock is owned by insiders.
Hedge Funds Weigh In On Alpha and Omega Semiconductor
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in Alpha and Omega Semiconductor by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 147,398 shares of the semiconductor company's stock worth $5,458,000 after purchasing an additional 3,475 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Alpha and Omega Semiconductor by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 224,809 shares of the semiconductor company's stock worth $8,325,000 after purchasing an additional 1,449 shares during the period. Victory Capital Management Inc. raised its holdings in Alpha and Omega Semiconductor by 551.8% in the 4th quarter. Victory Capital Management Inc. now owns 18,237 shares of the semiconductor company's stock worth $675,000 after purchasing an additional 15,439 shares during the period. Raymond James Financial Inc. bought a new position in Alpha and Omega Semiconductor in the 4th quarter worth $922,000. Finally, PNC Financial Services Group Inc. raised its holdings in Alpha and Omega Semiconductor by 47.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 291 shares during the period. 78.97% of the stock is owned by institutional investors.
Alpha and Omega Semiconductor Company Profile
(
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.
Recommended Stories
Before you consider Alpha and Omega Semiconductor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alpha and Omega Semiconductor wasn't on the list.
While Alpha and Omega Semiconductor currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.