Alpha and Omega Semiconductor Ltd. (AOSL) Earns Buy Rating from B. Riley
Alpha and Omega Semiconductor Ltd. (NASDAQ:AOSL)‘s stock had its “buy” rating restated by research analysts at B. Riley in a research note issued on Monday. They currently have a $26.00 target price on the stock. B. Riley’s price target would indicate a potential upside of 13.94% from the stock’s current price.
Several other equities research analysts also recently commented on AOSL. Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. TheStreet raised shares of Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.00.
Shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) traded down 0.35% during midday trading on Monday, hitting $22.82. 152,583 shares of the company traded hands. The stock’s market capitalization is $519.27 million. Alpha and Omega Semiconductor has a 52 week low of $8.02 and a 52 week high of $23.19. The stock has a 50 day moving average of $21.28 and a 200-day moving average of $15.71.
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Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.09. The business had revenue of $91.40 million for the quarter, compared to the consensus estimate of $87.50 million. Alpha and Omega Semiconductor had a negative net margin of 0.87% and a negative return on equity of 0.91%. Equities analysts forecast that Alpha and Omega Semiconductor will post $0.37 earnings per share for the current fiscal year.
In other news, VP Daniel Kuang Ming Chang sold 2,070 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $14.50, for a total value of $30,015.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Yueh-Se Ho sold 75,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $15.55, for a total transaction of $1,166,250.00. The disclosure for this sale can be found here. 23.70% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its position in Alpha and Omega Semiconductor by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 35,512 shares of the company’s stock valued at $326,000 after buying an additional 598 shares during the period. A.R.T. Advisors LLC bought a new position in Alpha and Omega Semiconductor during the first quarter valued at $180,000. Emerald Acquisition Ltd. bought a new position in Alpha and Omega Semiconductor during the second quarter valued at $1,973,000. Oxford Asset Management boosted its position in Alpha and Omega Semiconductor by 4.0% in the second quarter. Oxford Asset Management now owns 58,380 shares of the company’s stock valued at $813,000 after buying an additional 2,221 shares during the period. Finally, Bogle Investment Management L P DE bought a new position in Alpha and Omega Semiconductor during the first quarter valued at $409,000. 65.09% of the stock is currently owned by hedge funds and other institutional investors.
About Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Limited is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of products targets high-volume applications, including personal computers, flat panel televisions (TVs), light-emitting diode (LED) lighting, smart phones, battery packs, consumer and industrial motor controls and power supplies for TVs, computers, servers and telecommunications equipment.
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