B. Riley Issues Positive Forecast for Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) had its price objective hoisted by 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 price objective indicates a potential upside of 30.65% from the company's current price.

AOSL has been the topic of a number of other research reports. Benchmark dropped their price target on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus dropped their target price on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, April 17th. Finally, Wall Street Zen raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th.

Alpha and Omega Semiconductor Trading Down 3.1%

Shares of NASDAQ:AOSL traded down $0.85 during mid-day trading on Friday, reaching $26.79. The stock had a trading volume of 215,867 shares, compared to its average volume of 508,291. The firm has a market cap of $788.03 million, a PE ratio of -34.35 and a beta of 2.11. The firm has a 50 day simple moving average of $23.86 and a two-hundred day simple moving average of $27.77. The company has a current ratio of 2.57, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. Alpha and Omega Semiconductor has a twelve month low of $15.90 and a twelve month high of $53.29.

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 for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 3.33% and a negative return on equity of 0.28%. The company had revenue of $164.60 million for the quarter, compared to analysts' expectations of $157.23 million. During the same period last year, the firm posted ($0.04) earnings per share. The business's quarterly revenue was up 9.7% compared to the same quarter last year. On average, research analysts predict that Alpha and Omega Semiconductor will post -0.82 EPS for the current fiscal year.

Insider Activity

In other news, EVP Bing Xue sold 1,845 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $23.73, for a total transaction of $43,781.85. Following the completion of the transaction, the executive vice president directly owned 130,951 shares of the company's stock, valued at $3,107,467.23. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Large investors have recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position in shares of Alpha and Omega Semiconductor by 820.7% in the fourth quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 673 shares in the last quarter. GAMMA Investing LLC increased its stake in Alpha and Omega Semiconductor by 94.7% in the 1st quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock valued at $30,000 after buying an additional 594 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Alpha and Omega Semiconductor by 47.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock worth $34,000 after buying an additional 291 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Alpha and Omega Semiconductor during the 4th quarter worth about $38,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of Alpha and Omega Semiconductor during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 78.97% of the company's stock.

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.