Alpha and Omega Semiconductor (NASDAQ:AOSL) Receives Buy Rating from Benchmark

Alpha and Omega Semiconductor (NASDAQ:AOSL)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a report issued on Wednesday, Benzinga reports. They presently have a $40.00 price target on the semiconductor company’s stock. Benchmark’s price target would indicate a potential upside of 49.42% from the stock’s current price.

Several other analysts have also recently commented on AOSL. B. Riley decreased their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday. Stifel Nicolaus increased their price objective on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. Finally, StockNews.com downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday.

Alpha and Omega Semiconductor Stock Down 19.5 %

NASDAQ AOSL opened at $26.77 on Wednesday. Alpha and Omega Semiconductor has a 1-year low of $19.38 and a 1-year high of $47.45. The company has a market capitalization of $776.60 million, a price-to-earnings ratio of -68.64 and a beta of 2.42. The stock’s 50 day moving average is $36.01 and its two-hundred day moving average is $34.05. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. Equities analysts forecast that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Yifan Liang sold 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the transaction, the chief financial officer now owns 296,294 shares in the company, valued at $10,548,066.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,560 shares of company stock worth $562,003 over the last 90 days. Insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System lifted its stake in Alpha and Omega Semiconductor by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $437,000 after buying an additional 400 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in Alpha and Omega Semiconductor by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company’s stock worth $878,000 after acquiring an additional 511 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Alpha and Omega Semiconductor by 3.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 613 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Alpha and Omega Semiconductor by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock worth $433,000 after buying an additional 893 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $36,000. 78.97% of the stock is currently 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.