Northland Securities Initiates Coverage on Alpha and Omega Semiconductor (AOSL)
Equities research analysts at Northland Securities assumed coverage on shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) in a research note issued to investors on Tuesday. The firm set an “outperform” rating and a $13.00 price target on the stock. Northland Securities’ price target suggests a potential upside of 50.29% from the stock’s previous close.
Shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) opened at 8.65 on Tuesday. Alpha and Omega Semiconductor has a 1-year low of $6.80 and a 1-year high of $8.96. The stock has a 50-day moving average of $7.87 and a 200-day moving average of $7.54. The company’s market cap is $226.0 million.
Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.14) by $0.01. The company had revenue of $75.40 million for the quarter, compared to the consensus estimate of $75.00 million.
In other Alpha and Omega Semiconductor news, VP Tony Grizelj sold 5,375 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $8.81, for a total value of $47,353.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at B. Riley raised their price target on shares of Alpha and Omega Semiconductor from $7.00 to $7.50 in a research note on Wednesday, May 7th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Alpha and Omega Semiconductor currently has an average rating of “Buy” and a consensus price target of $9.32.
Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) is a designer, developer and global supplier of a range of power semiconductors.
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